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NEW ZEALAND SHAREMARKET MAINTAINS FIRM TONE

The New Zealand sharemarket maintained its firm tone yesterday, in quiet trading. Second-line stocks predominated, and movements were generally small. The overseas list lost ground, in line with overseas markets.

Trans Holdings led the New Zealand list upwards, when the shares gained 10c to 260 c. South British Insurance gained 3c, to 588 c, and Alex Harvey reversed its recent trend, and recovered 2c to 445 c.

C.F.M. (and its rights), Tasman, L.W.R., and Feltex were other leaders which improved. Wilson, Neill had the largest fall: 15c, to 150 c, in first trading for about a month. New Zealand Refining lost Bc, to 412 c. The overseas list was weak. Comalco lost more ground, and B.H.P. shed 15c, to 1625 c.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19700613.2.139.9

Bibliographic details

Press, Volume CX, Issue 32322, 13 June 1970, Page 14

Word Count
127

NEW ZEALAND SHAREMARKET MAINTAINS FIRM TONE Press, Volume CX, Issue 32322, 13 June 1970, Page 14

NEW ZEALAND SHAREMARKET MAINTAINS FIRM TONE Press, Volume CX, Issue 32322, 13 June 1970, Page 14