N.Z. MARKET CONTINUES TO SAG ON LOW TURNOVER
The New Zealand sharemarket was easier again yesterday on low turnover. Most of the leaders retreated and rises among second-line stocks were few. Mining and oil shares were weaker. Australian stocks were mixed.
Carter Consolidated continued to advance, putting on 6c to 150 c, a rise of 10c since its disappointing report. The market must be expecting a take-over. Feltex rose 3c to 420 c and New Zealand News 6c to 342 c. Rheem and C.F.C.A. both put on 3c. Dominion Breweries was unchanged prior to its report which is expected to be released tomorrow with excellent news. A. Harvey moved down 5c to 455 c. Kempthorne Prosser lost more of its pre-Budget gains to close 5e down at 150 c. New Zealand Insurance and South British Insurance lost 3c and 2c respectively. L and M Oil was taken in a bear’s hug after the Maui 4 report and its price was squeezed down to 80c for a 19c loss.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19700717.2.172.6
Bibliographic details
Press, Volume CX, Issue 32351, 17 July 1970, Page 18
Word Count
168N.Z. MARKET CONTINUES TO SAG ON LOW TURNOVER Press, Volume CX, Issue 32351, 17 July 1970, Page 18
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.