Market Again Firm In Active Trading

Press, Volume CVIII, Issue 31866, 19 December 1968, Page 22

Market Again Firm In Active Trading

Rises outnumbered falls nearly two to one on a firm New Zealand sharemarket yesterday. Turnover was active over a wide range of issues. Price movements were moderate to heavy, with some notable gains.

Bartholomew Timbers, which has received a takeover offer worth 412 c a share from N.Z. Forest Products, gained 205 c to 400 c in the first sale since the “don’t sell” warning. Mosgiel eased 10c to 140 c after rising to 160 c three weeks ago after its “don’t sell” warning. N.Z. Forest lost 1c to 364 c. Taranki. which with Tui Brewery has warned shareholders not to sell their shares, gained 20c to 110 c in Wellington. National Insurance gained 10c to 400 c, and N.Z. Insurance rose 2c to 402 c. Canterbury Frozen Meat recovered 8c to 215 c in Christchurch and N.Z. Refrigerating lost 5c to 130 c. After falling to 50c on the announcement of a loss of $139,822, Rex Aviation recovered another 8c to 60c in Wellington. N.Z. Pastoral Holdings eased 5c to 90c in Wellington. its lowest price since listing in October. M. O’Brien sold at 46c during the day but finished 4c lower at 42c in an after call sale. In the overseas section, B.H.P. recovered 40c to 1950 c after slipping 50c the previous day while Mt Isa lost 15c to 705 c.