Leaders A Little Firmer On Easier Market

Press, Volume CVII, Issue 31498, 12 October 1967, Page 16

Leaders A Little Firmer On Easier Market

Leading New Zealand shares were a little firmer on New Zealand stock exchanges yesterday, but over all issues falls shaded rises, on larger movement. The market’s undertone was still quite weak. Tading was active, over a wide range.

Glamour stock B.H.P, was the outstanding move; the shares jumped 70c to 1370 c in ex dividend sales, on the news of a hydrocarbon show in the new well, Dolphin A-l. In moderately active bidding, New Zealand investors added SNZ9m to the market value of the B.H.P. shares held in New Zealand. Since the low level of 520 c this year the value of the New Zealand holding has increased from SNZ67m to SNZI77m. New Zealand leaders to re-

cord rises were:—General Foods, 1c to 93c; Neil, Cropper, 2c to 230 c; N.Z. Breweries, 2c to 122 c; N.Z. Forest Products, 2c to 217 c; N.Z. Sea Products, lc to 43c; Pye, 3c to 53c: Rothmans, 2c to 172 c; Winstone, 3c to 315 c; Wright, Stephenson, 2c to 110 c. Falls included;—A.B. Cables

2c to 202 c; B.N.Z. Finance, 2c to 110 c; Dominion Breweries, lc to 150 c; Early Bros, 5c to 110 c; L.W.R., 5c to 125 c; L. D. Nathan, 2c to 168 c; National Insurance, 2c to 274 c; N.Z. Refrigerating, 2c to 88c; South British Insurance, lc to 324 c; Carbonic Ice, 10c to 390 c.