SHAREMARKET RESUMES ITS FALL FROM HIGH LEVELS
The sharemarket trend turned downward again yesterday, when falls slightly outnumbered rises in both leaders and second-line stocks, and on both the New Zealand and the overseas lists. Mount Isa, whose huge expansion programme was announced yesterday, stood out in the market with a 70c rise to 1070 c. Turnover was down, particularly in Christchurch.
Tasman rose another 10c and the New Zealand Forest issues continued their steady climb. Refining and Alex Harvey also were up more than marginally, and Tappenden and. Reid Rubber made
c further advances, of 15c and ♦ 10c respectively. ' The U.E.B. and C.F.M. 7 iaues fell again, and Fletcher * new lost 7c while the older e shares gained Ic. Other leadi- ers. tended to fall by gmall e amounts.
B.H.P. and C.S.R. Aust, lost more ground, but B.N.S.W. (N.Z.) joined Mount Isa in the overseas rises with a 50c gain.
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Press, Volume CIX, Issue 31983, 9 May 1969, Page 6
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151SHAREMARKET RESUMES ITS FALL FROM HIGH LEVELS Press, Volume CIX, Issue 31983, 9 May 1969, Page 6
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