London market subdued
Share prices on t i change barely fluctu: j closed on Friday pr: opening levels. i Trading conditions were; (very quiet. | Investor sentiment was | influenced by reports on the I presence of Cuban troops in j Mozambique, and the weakj ness of sterling against the; (dollar. ; The threat against Rhodesia affected especially leading industrials and miners, who were marked down. Australian shares continued to expand, spurred by the falling pound and buoyant conditions on Australian markets. Earlier in the week Australian shares had lost, ground, but only because the dollar premium had sunk lower than 90 per cent, which had the effect of deflating sterling prices beyond actual market movements. Closing prices on Friday (of a selection of issues. . were: ! B.H. Sth, 153£; Transdexss .;: ■ West Mining. 137 J; 8.A.T., 34i;j Distillers, 1422: Glaxo, 3705; ICI,I 385: Marks and Spencer, 101: P and O. 935; Prudential *A, r | ■140: Reed Int., 27U; Shell Trans-! port. 3801; Unilever, 446; War iuoan, 26g: Ampol, 56£; A.N.Z ~ 386-1: N.S.W., 685; Daigety. 2615; Elder Smith. 195;
the London Stock Existed last week, and •actically at Monday’s .Lloyds Bank. 2271: Mt Lyell. 75: (Challenge. 147: Nth R.H . 144 ; Plessej. 78; R.T.Z. ord.. 214. and ',iegd. 180.
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Bibliographic details
Press, Volume CXVI, Issue 34097, 8 March 1976, Page 20
Word Count
203London market subdued Press, Volume CXVI, Issue 34097, 8 March 1976, Page 20
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