BUYING INTEREST REVIVED IN MARKET LEADERS
Rises and falls were about equal on New Zealand stock exchanges yesterday but buying interest in some of the leaders resulted in a small rally. The Australian list was easier on balance.
N.Z. Forest Products was well supported after its recent weaker term and the market realising that the loss of the timber contract wasn’t so bad for the company after all, marked the shares up 7c to 412 c. Carter Consolidated continued to firm, gaining 5c to 160 c. There was quite heavy turnover as profit takers sold into strength. Ballins Breweries was not traded but the quotes took into account the 1 for 5 bonus announcement. Charles Begg’s shares were traded 5c lower at 35c with the weakness showing in the quotes, buyers were offering 32c at the close, which indicates there may be worse to come. L and M Oil. was marked down a further 3c to 59c.
RISES New Zealand Price Var’n c. c. Brdld rts (A) 24 1 CPD (W) 123 1 Carter (A) 160 5 C Brick rta (A) 47 1 D Brew (A) 125 2 do rts (A) .. 20 2 Gear rts (W) 14 2 G Bay (W) 110 3 L Nathan rts (A) 21 1 McKenzies (W) .. 73 1 Med Chmbrs (W) 400 20 M Specs (A) 170 2 NZ Farm (C) 09 1 NZ FP (A) 412 7 NZ MC (W) .. 148 3 NZ Steel (A) .. 158 3 R Hauraki (A) .. 135 2 Rothmans (W) .. 207 1 Sth Brit (A) 610 2 S C Hotel (D) .. 79 2 Taupo (A) 145 5 T Jones (W) 58 1 W Jeff new (D) .. Wwths NZ (W) .. 265 5 91 1 Overseas Ampol (W) 95 2 BHP (C) .. 1750 10 Comalco cont (C) 430 5 CSR NZ (W) .. 830 10
FALLS New Zealand Price Var’n c. c. And Bvn (C) 147 1 S’Hall (W) 210 5 Bonds (W) 186 1 Bunting (W) 84 1 Odlin <W) 153 2 Chch Gas (C) .. 72 3 Begg (C) 35 5 C Brick (A) 240 3 CMI(A) .. 115 3 Donagbys (D) .. 235 5 D Wallace nts (A) 57 3 DRG (W) 127 1 Early (C> 160 2 N Steel rts (A) .. 15 3 NZ TS (A) 169 1 Prestige (C) 122 3 Pye (A) .. 63 1 PTY (A) 188 2 R Brierley (W) .. 330 10 S Biolab (A) 158 1 S Brown (A) 114 10 Waitaki (D) 185 2 L and M (W) .. 59 3 Republic (W) .. 46 2 Waihi cont (A) .. 58 2 do B (A) .. 70 5 Overseas BNSW NZ (C) . 710 5 Comalco (W) 575 5 Wwths (W) 111 5 Bounty FP (A) .. 14 1 do DD (W) 14 1 Minvest (C) 51 1 Mt Isa (C) 1850 80
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Press, Volume CX, Issue 32393, 4 September 1970, Page 18
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460BUYING INTEREST REVIVED IN MARKET LEADERS Press, Volume CX, Issue 32393, 4 September 1970, Page 18
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