MARKET CONTINUES TO GAIN GROUND
The share market continued to gain ground yesterday on New Zealand stock exchanges. There were 16 rises, against 10 falls, in active trading. Both the New Zealand and Australian lists were firmer.
The volume of trading was high, and some large parcels changed hands. The Christchurch turn-over of more than 23,000 was heavy. Loan stocks were actively traded. Leaders were steady. Some good gains were recorded in the Australian list. B. rose 3d to 62s 6d, C. (Australian registry) recovered the 6d lost yesterday, and the New Zealand shares recovered Is 6d to come into line at 30s. However, G. T. Coles lost Id to 10s 3d, and Mount Isa was 3d cheaper at 32s 9d. The highest gain in the New Zealand list was by Ballins, up 9d to 10s. Beath’s recovered 4d to 7s 3d, and Lane, Walker, Rudkin rose 3d to 14s 3d. New Zealand Breweries firmed another Id to 13s Id, South British Insurance were 3d higher at 29s 3d, and Unit Subdivisions added 5d to 7s.
Kaiapoi-Petone lost Id to
3s 7d, and the notes were 3d lower at 3s 6d. N.Z. Refining lost another 3d to 47s 6d. General Foods were Id cheaper
at 10s lOd, Golden Bay Cement at 12s 6d, lost 2d, and Motor Holdings declined 6d to 12s.
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Bibliographic details
Press, Volume CVI, Issue 31366, 11 May 1967, Page 17
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222MARKET CONTINUES TO GAIN GROUND Press, Volume CVI, Issue 31366, 11 May 1967, Page 17
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