Sharp falls on weak N.Z. market

Press, Volume CXIV, Issue 33655, 3 October 1974, Page 16

Sharp falls on weak N.Z. market

Prices fell in quiet trading on New Zealand stock exchanges yesterday. The N.Z.U. index reflected the weakness and fell 5.31 to close to a six-year low for the market. Most of the large fails were in seldom-traded issues, but N.Z. Forest Products was down sharply, to continue its decline since becoming ex-bonus.

RISES

FALLS

New Zealand Price Var’n c c Cooks Wine 85 5 Dom Fert . - 152 7 Firestone nts .. 123 1 Con Silver 9 1 Overseas BHP . . ‘ .. 510 10 Comalco 160 5 Daily volume A total of 115,500 shares was sold on New Zealand stock exchanges yesterday, 10,700 more than on Tuesday. Industrial issues totalled 108,200 (Tuesday 94,800) and mining issues 7300 (Tuesday 10,000). Some of the most active issue, were: Sth British .. 10,700 Dom. Brew. .. 10,300 Forest .. .. 9,800 U.E.B 9,500 Waitaki .. 6,900 Challenge . 6,200

New Zealand A B Con Price Var’n c c 38 1 And & Beaven 100 5 A S Paterson 127 3 Carter Holt 205 5 Challenge 133 1 Dom Brew 83 1 Feltex 135 5 —ctg 75 3 Freightways 80 5 Gear 95 3 K Prosser 140 2 Landel 30 3 L D Nathan 130 2 Marac . 165 5 McKechnie 115 2 McKenzies 61 1 Mtr Specs 68 4 Mtr Traders 80 8 MSD Spiers 255 5 Neil Holds 205 ' 5 N King .. 142 3 NZ Brew 91 1 NZ Cement 125 10 NZFF . 108 2 NZ Forest 248 20 NZ Ins .. 235 5 NZLL 66 10 NZ News 215 5 NZ Refining 148 2 NZ United 360 70 Progressive 160 10 Radio Av 61 1 Skellerup 230 10 Sth British 235 3 Trans Hold 115 5 UEB 96 2 Winstone 97 1 L & M Oil 59 i Overseas Beach .. 24 6