Sharp rises on London market
Share prices rose sharply on the London Stock Exchange last week. Sentiment was helped by an improve' ment in short-term economic indicators. Trading was light, and a I shortage of scrip contributed to the slower trend. On Friday dealers reported a slight firming in the initial after hours reaction to news of a small British trade surplus. The Australian sector had a good week, with mining stocks especially strong, ana speculators moving into B.H.P. after reports of its explorations in Bass Strait. Banks were also in demand. Closing prices on Friday of a selection of shares were:— Ampol, 75J xr; A.N.Z., 274} xr; N.S.W.. 560; 8.H.P.. 665; Dalgety 274} xd: Elder Smith, 2021: Lloyds Bank. 2791; Mt Lyell, 25; Challenge, 140; Nth 8.H., 121}; Plessey, 96 xd; R.T.Z. ord., 226 and regd, 222}; B.H. Sth, 110}; Transdev., 633; West. Mining, 1441; 8.A.T., 3141; Distillers, 185; Glaxo. 572}; ICI, 385}; Marks, 157; P and O, 841; Prudential “A,” 150; Reed Int., 139}; Shell Transport, 564}; Unilever, 536; War Loan, 30J; De Beers, 381 J.
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Press, 17 July 1978, Page 14
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178Sharp rises on London market Press, 17 July 1978, Page 14
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