MARKET RALLY CONTINUES IN ACTIVE TRADING
The New Zealand sharemarket rally, which resumed on Tuesday after last week’s lull, continued yesterday in active trading. The trend of the market was evident in the sales of Feltex, Fletcher, N.Z. Forest, and N.Z. Steel, which firmed throughout the day. A wider range of shares was sold, compared with Tuesday, and the rises were again at a high level.
RISES New Zealand
FALLS New Zealand Price Var’n c. c.
Overseas MIM 325 5 * ex dividend
Daily volume
A total of 480,450 shares was traded on New Zealand stock exchanges yesterday, including 50,000 special sales. The total was 154,550 more than on Tuesday. Industrial issues totalled 472,050 (323.000 on Tuesday), and 8400 mining and oil shares were traded (2900 on Tuesday. A total of 143 New Zealand issues was traded. The five most active New Zealand issues were: U.E.B, 58,000 Steel and Tube 52,000 incl. special . . 50,000 N.Z. Forest . . 18,800 N.Z. Steel . . 15,700 W. Neill . . 15,500
A B Con Alcan Price Var’n c. c. 57 122 1 2 Allied Farm .. 228 3 A Yates new .. 265 3 Atlas 103 1 Bridgevale* 30 5 Brierley 238 8 Brdld 87 1 Bunting Cooks Wine 67 debs 115 5 Cyclone 80 5 Deanes 230 10 Dom Brew nts . 136 1 Dom Fert 155 5 Dunlop NZ 225 5 E Adams 95 3 Feltex 138 9 Firth 260 5 Fletcher 255 3 Freightways .. 115 4 Healing 205 5 H Pollard 255 5 J Edmond 118 3 J. Nathan 127 2 K. Prosser 165 3 Mair 165 2 Mason 152 5 Med Supp 160 2 Midland 170 12 Montana 50 1 Mtr Specs 100 2 Mtr Traders nts 105 5 Nat Ins 335 10 NZ Forest 320 2 NZ Ins 250 5 NZTS 174 4 Progressive 330 5 Prop Sec 225 5 Quill Morris nts 136 1 Repco 100 5 Rothmans 95 1 Scott Gp 80 5 SFM 205 5 Teltherm 235 5 Trans Nel 115 3 — debs 190 5 Trans N C 105 3 Winstone 94 1 Amoil 18 1 L and M Oil .. 27 2 Min Res ctg .. 4 Overseas 1 BNSW 745 40 CSR NZ 610 5
Alliance 70 1 A Bisley 225 5 A Barnett 180 5 AGH 58 2 Beaths 90 3 Cap Life 70 3 McKechnie 125 2 Vacation 70 2 Zip 82 1
METALS Buyer Sellei Copper .. 917.50 918.00 Tin .. 4623.00 4637.00 Zinc 425.50 426.00 Lead . . 272.50 273.00
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Bibliographic details
Press, 8 July 1976, Page 17
Word Count
406MARKET RALLY CONTINUES IN ACTIVE TRADING Press, 8 July 1976, Page 17
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