Market Reversal; Shares Easier
Trading on New Zealand stock exchanges yesterday was a reversal of the firm trend set on Tuesday. Falls in the New Zealand section outnumbered rises five to two in active trading.
B.H.P. followed the lead in Australia and rose 50c to 1670 c on news of an oil find in Kingfish 81. On Tuesday, the shares had eased in the absence of the usual Monday report. The overseas list was firm, reflecting Australian cohfidence after Britain announced that her investment overseas would continue. Ampol which
expects a good profit rise in the current year, rose 4c to 97c. N.Z. Petroleum continued to firm, adding 10c to 160 c in Auckland after briefly touching 165 c. N.Z. Refining added 5c to 490 c. Movements among the falls were mainly narrow. N.Z. Cement slipped 3c to 145 c.
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Press, Volume CVIII, Issue 31580, 18 January 1968, Page 12
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140Market Reversal; Shares Easier Press, Volume CVIII, Issue 31580, 18 January 1968, Page 12
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