Market Kept Down By Lack Of Interest
Lack of buying interest and general apprehension as to what economic measures may be introduced soon again kept prices down on the New Zealand stock exchanges yesterday.
Falls outnumbered rises by nine to one in the New Zealand section, to maintain the easier trend, but the severity of falls was greater . There appears no likelihood of a recovery until after the extent of the measures is made known. Insurances were again easier, with National Insurance down 9d to 24s and South British 3d to 27s lid. Tasman, which is meeting opposition in Australia on its kraft paper board plans, lost a further Is to 46s 6d to make a loss of 3s 6d this year. Firth Concrete was down Is to 20s and Alex Harvey slipped Is to 28s. Rothmans added a further
6d to 24s as the , market 1 assessed the one-for-four i share issue at a generous 10s i for each of the 5s shares. I
U.E.B. Industries recovered a Id to 9s 6d and B.H.P. gained 3d of its recent falls, to 54s 9d.
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Bibliographic details
Press, Volume CVI, Issue 31290, 9 February 1967, Page 17
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184Market Kept Down By Lack Of Interest Press, Volume CVI, Issue 31290, 9 February 1967, Page 17
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