SLIGHT CHECK IN MARKET’S EASIER PRICE TREND
The New Zealand share market did not show its usual Friday firmness, and the index confirmed another decline. Australian industrials succumbed to the deflationary Budget.
Some stocks moved up against the trend but Individual rallies seemed to be caused by investors seeking bargains. No group appeared to be immune from the easier trend. Dunlop, which recovered 5c to 315 c, and Tasman, which picked up 10c to 325 c were leaders to stand out. New Zealand Refining put on 10c to 460 c. Tappenden rights rose strongly in a string of sales, gaining 4c to 14c. Falls were fairly widespread the building group appearing to be the most sensitive. Mining and oil shares re; treated with the exception of L and M Oil which firmed If to 79c.
RISES
FALLS
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Press, Volume CX, Issue 32382, 22 August 1970, Page 18
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137SLIGHT CHECK IN MARKET’S EASIER PRICE TREND Press, Volume CX, Issue 32382, 22 August 1970, Page 18
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