Trade result improved London market tone
The unexpectedly small United Kingdom trade deficit caused late firmness on the London sharemarket on Friday, but industrials showed net losses for the week.
i Worries about the state of the British economy led to i setbacks in many British (share prices despite Govern'ment moves to restore business confidence. i Government bonds were ; particularly firm on Friday, -but the section was margin ally lower for the week. Australian share prices . were slashed. The main reason for cutback was the ‘weakness of the dollar premium, and a tidying up of accounts at the end of the week, dealers said. I Trading was very quiet.
but jobbers reacted to the weak premium by cutting back in all sectors of the market. The closing prices on Friday of some selected shares were: Ampol, 43: A..N.Z 3881; N.S.W., 617 J; 8.H.P., 690; Dalgety. 203; Elder Smith. 172 i; Llovds Bk. 255 J; Mt Lyell, 115; Nat. Bk. 2561; Challenge, 159 J; Nth 8.H.. 114 J; Plessey. 71; R.T.Z.: ord., 192 J; R.T.Z.. regd. 186: Sth 8.H., 194; Trans. Devi., 511; West. Min.. 1761; P and O. 100: Prudential ‘A’, 120; Reed Paner, j 246; Blit. Am. Tobacco, 3291:. 8.L.M.C.. Bi*: Distillers. 137 j; Glaxo. 4321: ' ICI. 2881: Marks,. Spencer. 223: Shell Trans.. 314; ■ Unilever, 388; Brit. War Loan. 24J. j
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Bibliographic details
Press, Volume CXV, Issue 33870, 16 June 1975, Page 21
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222Trade result improved London market tone Press, Volume CXV, Issue 33870, 16 June 1975, Page 21
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