Market Little Affected By Economic Curbs
The pursuit of capital gains through actual or possible mergers, and the prospects i of higher profits and dividends as shown by recent better profit announcements, had more influence with investors yesterday than the brake put on the economy by the Government, and the share market closed fully firm yesterday.
Turnovers were the highest i of the week, but trading was selective, and the range of issues narrow. , C.F.M. was actively traded, i
and reached a high point of 218 c during the day, but closing prices were steady on Thursday’s level. Rumours that Waitaki is the negotiator intensified yesterday. Lane, Walter, Rudkin gain-
ed 5c in an Auckland sale of 175 c. N.Z. Refrigerating rose 3c to 133 c and Westland Breweries rose 10c in an ex dividend sale of 430 c.
B.H.P. regained 10c, to 1920 c: efforts to control the gas blow-out in the Marlin field began on Thursday. | n me New Zealand list rises outnumbered falls two to one.
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Bibliographic details
Press, Volume CVIII, Issue 31856, 7 December 1968, Page 20
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169Market Little Affected By Economic Curbs Press, Volume CVIII, Issue 31856, 7 December 1968, Page 20
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