MARKET ALMOST IN BALANCE IN UNCERTAIN TRADING
Trading was uncertain and price changes were almost in balance on New Zealand stock exchanges yesterday. Leaders gave the market an easier tone, but second-line stocks showed useful rises.
U.D.C’s result and planned bonus issue were received with enthusiasm, and the shares were marked up 20c to 300 c.
Retailers were mixed, but D.I.C rose 10c to 375 c and McKenzies was 3c higher at 115 c. Hallenstein’s fell 10c to 430 c, after recent gains. F.T.C. and Haywrights were marginally lower. Zip was among the most actively-traded stocks and the shares rose another 3c ,tO 66c. New Zealand Steel weakened. Most of the activity was in Auckland, where the closing price was 2c lower at 96c. In Christchurch, there was a sell-quote at 98c, but no buy-quote. N.Z. Farmers’ Co-op. remained active, but the clos-
ing-price in Christchurc showed a loss for the daj' < 3c at 92c. New Zealand Brewerii was down 2c to 179 c c turnover lower than c Thursday.
•ch Early Bros, showed a fall of of 8c to 130 c from its theoretical ex-bonus price. ies McAlpine Refrigeration on joined the lists, and a small on parcel of shares was traded in Auckland at 190 c.
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Bibliographic details
Press, Volume CXIII, Issue 33235, 26 May 1973, Page 10
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208MARKET ALMOST IN BALANCE IN UNCERTAIN TRADING Press, Volume CXIII, Issue 33235, 26 May 1973, Page 10
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