Market Opens Quietly, But Tone Firmer
Trading resumed in New Zealand stock exchanges yesterday after the Easter break and turnovers were average. Rises exceeded falls by 15 to nine although price movements were narrow.
The Christchurch Stock Exchange, in terms of issues traded, was at its highest daily level since September 17, 1965, when more than 56,000 shares were traded. Yesterday, nearly 37,000 shares changed hands, with large parcels of A.B. Consolidated (8000). N.Z. Breweries (4000), and N.Z. Newspapers (2000). In Wellington, 14,000 A.B. Conosolidated changed hands, and another 5200 in Auckland. The share was unchanged at 37c. J. Wattie recovered lc to 186 c in Wellington, while Motor Holdings continued its slow recovery, gaining lc to 75c.
Tasman rose 10c to 755 c, while N.Z. Refining rose 10c to 545 c. Both shares have a relatively small public ownership, creating some scarcity value.
Whitcombe and Tombs rose lc to 161 c.
B.H.P. reacted to the Australian market, jumping 100 c to 2000 c, closing at 2010 c in Wellington. N.Z. Breweries lost 2c to 134 c, while N.Z. Newspapers was down 3c to 227 c.
RISES Overseas
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19680418.2.183
Bibliographic details
Press, Volume CVIII, Issue 31657, 18 April 1968, Page 12
Word Count
188Market Opens Quietly, But Tone Firmer Press, Volume CVIII, Issue 31657, 18 April 1968, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.