London market firm

Press, 28 August 1978, Page 14

London market firm

Share prices remained firm on the London Stock Exchange last week. Continuing confidence in the market’s short term prospects stimulated institutional buying.

However, profit taking and revived nervousness over the possibility of an October general election, kept a check on prices. Generally, Canadian and American shares eased, while gold shares fluctuated sharply with the bullion price, with a weakening trend. Australian shares eased a little for most of the week, in mixed but quiet trading,

i mostly in line with home | markets. Our Friday some shares in 'this sector made good gains, I although there were some bad slumps as well — par- | ticularly on the mining ' boards. ! Closing prices, on Friday |of a selection of shares ■ were:— Ampol. 75J xp; A.N.Z., 2891 xpIN.S.W., 580; 8.H.P., 700; Dalgety. ■ 3031; Elder Smith, 2091; Llovds Bank, 2651 xd; Mt Lyell, 32J; Challenge. 143- Nth 8.H., 1231; Plessev, 104; R.T.Z. ord, 246 and regd, 239}; B.H. Sth, 1091; Transdev„ 84}: West Mining, 141}; 8.A.T., 332}; Distillers, 200; Glaxo. 622 J; 1.C.1., 4021; Marks and Spencer, 88; P and O, 871; Prudential ‘A,’ 163}: Heed Int., 150}; SheU Transport, 590}; Unilever. 582; War Loan, 31-7/16; De Beers. 421}.