Second Line Stocks Lift Market
Most of the leaders that changed price firmed on New Zealand stock exchanges yesterday, but the main impetus to the much stronger market came from second-line stocks. Trading was heavy over a very wide range of issues.
Rises again outnumbered falls two to one, and were well spread throughout the list.
I Most shares of local firms > did well. Christchurch Buildi ing and R. W. Saunders added 5c each, and L.W.R.,
Insurances were steady, except for National, which added 2c to sell at 412 c.
and New Zealand Refrigerating and C.F.M., were lc dearer. Skellerup gained 10c,
Consolidated Silver gained 3c, to sell back at 65c. New Zealand Steel, which issued its second annual report, fell lc, to 134 c.
to 670 c. However, Crothall was 3c cheaper at 315 c, and Early Brothers eased back 2c to last week’s price of 150 c.
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Bibliographic details
Press, Volume CVIII, Issue 31771, 30 August 1968, Page 14
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149Second Line Stocks Lift Market Press, Volume CVIII, Issue 31771, 30 August 1968, Page 14
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