Market Steadier In Active Trading
New Zealand shares were much steadier on the stock exchanges yesterday. Features of the market were the rises by B.H.P. and N.Z. Petroleum, the preponderance of falls in the Australian list, and the active trading over a wide range.
B.H.P. reacted to yesterday's re-evaluation report of the Kingfish oilfield with a rise of 72c, to 1720 c. The company declared the field “of major importance.” N.Z. Petroleum again traded actively. In Wellington 5800 shares changed hands: the opening price was 205 c, and
after falling to 200 c, the price climbed steadily, to close at 215 c, a gain of 14c on Wednesday’s price. Closing quotations in Christchurch were buyers 222 c, sellers 230 c. North Broken Hill gained 45c, to 820 c. Other movements were mainly adjustments within narrow limits.
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Press, Volume CVIII, Issue 31587, 26 January 1968, Page 21
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136Market Steadier In Active Trading Press, Volume CVIII, Issue 31587, 26 January 1968, Page 21
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