Some good rises by N.Z. leaders
A number of leaders showed good rises in quieter trading on New Zealand stock exchanges yesterday. Second-line stocks were mixed but the tone of this section of the market was easier.
Rises outnumbered falls by a good margin, and the improvement among the leaders indicated more confidence in their profit prospects than
there has been in the recent past.
I Alex Harvey rose 7c to j 382 c, Feltex gained 6c to 1408 c, and New Zealand Insur- ; ance was 5c higher at 360 c. Seldom-traded N.Z. Industrial Gases firmed 5c to 380 c. Progressive Enterprises j showed a 6c rise to 275 c, ex a 5.5 c dividend. Regina Confections, which i reported an increase of 58.8 per cent in net profit last i month, jumped 20c to 90c. D.I.C. came back another 15c to 240 c and F.T.C. was , marginally changed with a 1c j fall at 150 c as was Wattie at 126 c.
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Bibliographic details
Press, Volume CXII, Issue 32967, 13 July 1972, Page 18
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163Some good rises by N.Z. leaders Press, Volume CXII, Issue 32967, 13 July 1972, Page 18
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