Industrials Still Popular
Industrial shares continued to rise on New Zealand stock exchanges yesterday, with almost twice as many gains as losses. Mining and oil shares were weak, however, and Bounty lost 2c to 12c in active trading.
The markets were quieter than they were on Monday, but movements Were more positive with many of 5c or more. Meat and finance companies tended to be among the rises, and strong second-line issues included Allied Concrete,
D.1.C., Tee Vee, Williamson Jeffery and Lanes. Leading stocks were even, with another 3c loss for Dominion Breweries, while the day’s weak issues were Dunlop,- Bonds, Northern Steam and Vibrapac. Like Bounty, Offshore and Beach eased on the overseas list, while L and M Oil (New Zealand) fell back 3c to 77c and Republic contributing closed 2c down at 37c, Miners were less uniformly weak, Waihi trading 3c up at 75c.
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Bibliographic details
Press, Volume CIX, Issue 32266, 8 April 1970, Page 18
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146Industrials Still Popular Press, Volume CIX, Issue 32266, 8 April 1970, Page 18
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