N.Z. MARKET RISES IN LESS ACTIVE TRADING
Price changes were more pronounced among both the rises and falls in less active trading on New Zealand stock exchanges yesterday. However, the index showed a good rise under the influence of useful gains by the majority of the leaders.
A number of second-line stocks performed well but the section was mixed and several sharp fails were also shown. On the face of it the tone of the market was firm but the willingness of sellers gave it a hollow tone.
e The lack of any change for, t the better, in fundamentals; 1 gives the rally a base of 3 nothing more substantial) than technical factors,; | optimism, and to a large s extent the recent Australian rally.
RISES
New Zealand Price Var’n
Overseas CSR NZ (A) . 485 5 • Ex Dividend. Rights market
Lut Buy S6ll Sate 1.C.1.N.Z 16 16 N.Z. Cement 5 5 R. A. Brierley .. 75 Saunders 80
LEX. in Wimble Industrial Equity, Ltd, says that it has recently acquired a substantial shareholding in F. T. Wimble and Company, Ltd, Sydney-based manufacturer and distributor of printers supplies. The managing director of Industrial Equity (Mr R. J. Blackbum) says it proposes to offer a price in excess of 100 c a share for F. T. Wimble, whose director* have issued a “don’t sell”
A B Con (A) .. Ballins (C) Brdld (A) C S Inv (W) .. 42 128 102 136 1 I 1 6 FTC (A) 108 1 Feltex (A) 376 2 Fletcher (A) 161 2 ICI rts (W) 16 1 J Niven (W) 143 3 J Rattray (W) .. 127 2 K Prosser (C) ..- 122 2 Midland (C) 145 2 Mosgiel (C) 104 1 M Specs (A) 139 4 M Traders (A) 140 5 Neil Hold (A ).. NZ Cement rts 96 1 (D) 5 1 NZ Ins.(A) 323 1 NZ News (A) .. 270 5 NZ Steel (A) .. NZ Steel contr 82 2 (A) 54 2 NZ TS (A) 181 1 Progressive (A) 155 1 Repco NZ (A) .. 92 1 Rex Con (A) 260 5 Sth British (A) 522 2 Trans H (C) .. 110 5 UEB (A) 118 3 UDC (W) 230 5 W Horton (A) .. 267 2 W Steph (A) . 105 1 Zip (W) 43 1
Beach (C) 38 3 FALLS New Zealand Atlas (A) 45 , 1 Bisley (A)* 70 5 Assoc Motels (A) 30 8 C Brick (A) 260 2 Dalgety (W) 119 1 DBG (W) 103 2 1 W Dow (A) . . 100 5 M O’Brien (C) .. 40 5 NZ FP (A) 333 2 PTY Contr (A) 213 7 R Brierley (A) .. 226 1 rts (W) .. 75 3 Rothmans (A) .. 109 1 T J Edmonds (C) 180 5 Well Pub (W) . 170 5 C Silv contr (A) 9 1 L and M Oil (W) 30 3
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Bibliographic details
Press, Volume CXI, Issue 32783, 7 December 1971, Page 22
Word Count
464N.Z. MARKET RISES IN LESS ACTIVE TRADING Press, Volume CXI, Issue 32783, 7 December 1971, Page 22
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