London market seeks Aust. shares
I Fears of monetary restric- : tions and the poor showing of the retail price index , caused share prices to fall on : the London Stock Exchange . on Friday. 1 The happiest note for the ' market came from .he Australian sector were U.K. investors were keen on Australian mining shares on the expectation of another min-| ,ing boom. [ W.M.C. was keenly sought, [after announcing a “massive; [sulphides” find at BenambraJ [Victoria, with its joint-i [venture partner B.P. Minerals! [Pty, Ltd, and further orders went out to the Sydney exchange after the home market had closed. The announcement of the April trade figures on Monday caused a quiet rally, but reappraisal of the figures on [Tuesday, brought the market [back. I Closing prices on Friday! 'of a selection of shares; i were: [ Ampol. 742 xr: ANZ Bank, 2921; IBNSW. 533: BMP, 623 xd; Dali gety, 2565 xd: Elder Smith. 179?,: Llo'vds Bank. 272’.- Mt Lyell, 281.; i Challenge. 134: N.8.H., 110 xd: Plessev, 98?. xd: FTZ ord, .226 :xd and regd. 215?, xd: BH Sth, 97?,; Trans. Dev., 71'; West. Mining, 132?,: 8.A.M.. 345): Distillers. 180: Glaxo. 579’.; ICT. 368?,: Marks I and Spencer. 134: P and O, 914; Prudential “A.” 154: Reed Int., I 114 J; Shell Trans, 555 J; Unilever/ 510; War Loan. 31 g.
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Press, 22 May 1978, Page 21
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219London market seeks Aust. shares Press, 22 May 1978, Page 21
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