London market firm but quiet
Share prices firmed on the London Stock Exchange last week, but trading was very quiet before the Easter holiday.
Government stocks were strong after the United Kingdom trade figures on Wednesday, and the unchanged minimum lending rate, dealers said. Longs were higher by around 5/8 to 7/8 pont, while shorts were 1/8 firmer—where changed. Oils were slightly easier,
while banks gained 2p to 3p all round, and mines were mixed to higher in very small trading. Australian shares suffered from the quiet pre-holiday mood and were generally marked down. However, dealers said that the lower investment premium also influenced detrimentally trading in the Australian sector. Closing prices on Thursday of a selection of stocks were: AMPOL. 541; A.N.Z., 411 S: N.S.W.. 97J; 8.H.P., 710; Dalgety, 290 i; Elder Smith, 198: Llovds Bank, 2254: Mt Lyell, 85; Challenge, 155; Nth 8.H., 156 J: Plessey, 79; R.T.Z. ord., 238 and regd, 221; B.H. Sth, 161 J; Trans, dev., 621; West Mining. 1531; 8.A.T., 3651; Distillers. 1432; Glaxo, 402 J; 1.C.1., 399; Marks and Spencer 93; P and O. 91’.; Prudential. “A,” 138; Reed Int., 268 J; Shell Transport. 4134; Unilever, 460; War Loan, 265.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19760419.2.147
Bibliographic details
Press, Volume CXVI, Issue 34131, 19 April 1976, Page 16
Word Count
197London market firm but quiet Press, Volume CXVI, Issue 34131, 19 April 1976, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.