COMMERCIAL Market Firmer But Many Leaders Lose Ground
Trading on New Zealand stock exchanges yesterday was again exceptionally heavy over a wide range: quite unusual for a Monday. However, the market was irregular, and the margin of rises over falls narrowed. The overseas list was firm, only B.H.P. losing ground.
Many shares which last week were in the van of the market advance declined: N.Z. Forest Products lost 1c to 304 c, and B.H.P. lost 10c to 2720 c.
Second line stocks predominated in the rises, and most of the falls, although narrow, were by market leaders. Many stocks had a high point earlier in the day and de-
dined towards the close. N.Z. Petroleum stood out, with a gain of 70c to 430 c. Other good gains were: National Insurance, 10c to 360 c; Bell Radio, 10c to 175 c: N.Z. Farmers Fertiliser, 10c to 300 c; N.Z. Steel, 5c to 135 c; Alex Harvey, 5c to 340 c. The largest losses, of 5c each, were by Fletcher, N.Z. Insurance, Winstone, South British Insurance, and N.Z. Refining.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19680507.2.167
Bibliographic details
Press, Volume CVIII, Issue 31672, 7 May 1968, Page 24
Word Count
178COMMERCIAL Market Firmer But Many Leaders Lose Ground Press, Volume CVIII, Issue 31672, 7 May 1968, Page 24
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.