N.Z. MARKET WEAKENS
In spite of a marginal rise in the N.Z.U.C. index, the New Zealand sharemarket weakened in quiet trading yesterday. Falls outnumbered rises by nearly two to one. The biggest fall was a 50c slump by Tasman after its grim profit result more than a week ago, and Challenge eased 4c after the directors revised its expected yearly profit. National Insurance rose a further 5c on its share split and cash issue, while N.Z. Insurance also firmed. Meat companies were firmer, transporters and timber companies mixed, and stock and station agents, vehicle companies and property developers were easier.
RISES
FALLS
New Zealariti Price Var’n c. c. CFM 190 9 Dom Brew nts .. 135 2 Feltex .. 117 2 Freightways 87 1 G Bay .. 55 2 ICI NZ . . 152 2 Nat Ins .. 415 5 NZ Forest 233 1 NZ Ins .. 240 2 —pref 115 5 Pye 105 *) Rheem .. 210 5 Vacation 51 1 Waitaki NZR pf 113 1
New Zealand Price Var’n c. c. Alcan .. 116 2 A Han ey .. 388 2 Aurora .. .. 202 3 Br Office .. 75 5 Carter Holt .. 274 1 Challenge . 203 4 C Realty .. 25 2 Deanes • .. 260 15 DIC . 163 2 Dom Brew . 77 1 Donaghys . 255 2 Ebbett* . 127 5 Mainzeal . 73 1 NZ Brew . 86 1 NZMC .. . 110 I Odlins .. . 103 1 Prestige . 75 7 R Hellaby . 195 5 Rothmans . 78 I Sanford* . 180 1 Schofield . 83 2 Tasman . 205 50 TNL Gp . 88 1 Wattie . 97 1 Con Silver 3 1 Overseas BHP pf . ’ ex dividend. . 123 17
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19770524.2.157.7
Bibliographic details
Press, 24 May 1977, Page 22
Word Count
256N.Z. MARKET WEAKENS Press, 24 May 1977, Page 22
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.