London market ends week on easy note

Press, 16 August 1976, Page 11

London market ends week on easy note

Share prices on the London Stock Exchange fluctuated sharply last week, but closed on Friday at about the same level as the week before.

The market was nervous i I ahead of the announcement: iof the July trade figures; investors appeared unable to 'decide which way to go. I Initial buying was' prompted by the rise on- Wall; Street and the higher level! of bank lending to manufac-i turing industry, but this quickly faded. After the announcement ofj tlie near-record trade deficit; of £524 million for July, I prices weakened. Operators] are now av,'aiting the outcome of the seamen’s pay I talks. The Australian sector was! firm for most of the week/

ibut appeared slightly eas.er ion Friday. B.H.P. was in the forefront of attention, and closed at 830 p for a gain of 40p lon the week, but the glamour [stock was again Pancontinen(tal, which gained 175 p during [the week to close at £14.75. Closing prices on Friday of a selection of stocks were:— Ampol. 68; A.N.Z., 353 A; N.S.W., 5575; 8.H.P., 830; Dalgety. 234; [Elder Smith. 12$; Challenge 162'.; Nth B H . 212.’.: Plessev. 78; R.T.Z. lord., 211; B.H. Sth. 2135;; {Transdev., 511; West. Mining.' 12965; 8.A.T.. 2675; Distillers, • 103 , i 1.C.1:. 348; P and O. 106;' Prudential “A,” 118; Reed. 2255; I Shell Transport. 4225; Unilever. 424; War Loan, 25 5/16.