Selling Pressure On Easier Market
Selling pressure was in evidence as New Zealand stock exchanges opened after the Easter holiday break. Falls outnumbered rises two to one on above-average turn-overs.
The range of trading was narrow.
Most price movements were small, but Manthel Holdings, at 20s, and New Zealand Refining, at 46s 3d, each gained Is, and Andrews and Beaven lost Is to 395. The overseas list was In balance, with a rise of 3d—to 24s 9d—by Colonial Sugar and a fall of 2d to 10s 9d by Woolworths.
Ballins Industries, at 10s 3d. New Zealand Breweries, at 46s 3d, and Wright Stephen-
son, at 13s Bd, each gained Id, and Christchurch Building rights gained 3d to 3s. Largest fall was by D. McL. Wallace rights, down 6d to Is 6d.
Frozen Meats declined, both Canterbury and New Zealand
Refrigerating losing ground. South British Insurance lost Id to 27s Bd, and the building section was easier, with Winstone down 3d to 32s 9d, Cable Price Downer Id lower at 15s 9d and Fletcher losing 2d to 15s 4d.
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Bibliographic details
Press, Volume CVI, Issue 31332, 31 March 1967, Page 14
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178Selling Pressure On Easier Market Press, Volume CVI, Issue 31332, 31 March 1967, Page 14
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