Sharp falls on London market
Share prices on the London Stock Exchange fell sharply last week, in thin trading, as the market continued to react to inflation worries and the possibility of a general election. The modest recovery on Friday was largely technical after the recent decline, but hopes of an end to dividend restraint contributed to the uptrend, dealers said. Mixed trading, especiallyon the mining boards, continued to characterise transactions in the Australian; sector. Closing prices on Friday, of a selection of shares ■ were: Ampol, 734 xr; ANZ, 277 J xd; NSW. 548 xd: BIIP, 640; Dalgety, 231: xd; Elder Smith, 207);] I.lovds Bank. 257 J; Mt Lyell, 311 Challenge, 143; Nth BH. 1191; Plessev. 93 xd; RTZ ord, 2191 xd and regd, 2221 xd; BH Sth. 1071: Transdev. 70J; West Mining. 1431: BAT, 3191; Distillers, 172 Glaxo, 5521; ICI. 3711; Marks and Spencer, 139; P and O, 90.; Prudential ‘A,' 140; Reed Int, 1331; Shell Transport. 5471; Unilever, 522; War Loan, 291; De Beers. 4051.
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Press, 26 June 1978, Page 12
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167Sharp falls on London market Press, 26 June 1978, Page 12
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