ACTIVE TRADING IN FIRM MARKET

Press, Volume CVI, Issue 31360, 4 May 1967, Page 17

ACTIVE TRADING IN FIRM MARKET

Trading was again active on New Zealand stock exchanges yesterday, and the market was firmer, with rises outnumbering falls more than two to one, over a very wide range.

However, sellers seemed more to the fore, and there was evidence of profit taking. Generally, the market undertone seemed a little less steady than in the previous few weeks. The overseas list showed strength, with three good rises and no falls. A.N.Z. Bank gained 9d, and Commercial Bank rose Is, while Colonial Sugar recovered the Is 6d lost on Monday. Although U.E.B. were in good demand, the share declined 2d in profit taking, and J. Wattie Canneries were 2d cheaper, Rothmans, down Id, and N.Z. Insurance, 3d lower, were among leaders to lose ground. Best gains were by Autocrat 6d higher at 9s 9d, M.K.

Manufacturers, up 6d to 7s. and Northern Steam, 6d firmer to 6s 6d.

Other leaders to improve were Dominion Brewery, Fletcher, South British In-

surance, and N.Z. Refrigerating deferred shares, which rose Id each, N.Z. Sea Products, which firmed 3d, and N.Z. Forest Products, 5d higher to 20s 9d.