London market
The London market opened the week on a mixed note as profit-taking crept in because considerations of ian early General Election I has pushed prices up the previous Friday. I However, on Tuesday : shares and Government bonds rose sharply in active trading with investors still | hoping for an early General 'Election. Sentiment was also helped by the strength of sterling. I The undertone of the market remained firm on i Wednesday, although share ' prices closed below the 'day’s highs ahead of the no confidence vote in Parliament.
On Thursday share prices closed mixed as early steep gains made on hopes of a Conservative election victory were sharply reduced on profit-taking. Closing prices on Friday of a selection of shares were:
Ampol, 48J xr; A.N.Z., 2834; 8.N.5.W., 231 J; 8.H.P.. 797; Dalgetv, 3481; Elder Smith, 169 J xd; Lloyds Bank, 3371; Mt Lyell, 57; Challenge, 126; Nth 8.H., 1081; Plessev, 110; R.T.Z. ord., 310 and regd, 3021; B.H. Sth, 1022; Trans. Dev., 723; Western Mining, 1612 xd; 8.A.T., 3172; Distillers, 246; Glaxo, 5892; ICL 3991; Marks and Spencer, 112; P and O. 84!; Prudential “A,” 1792; Reed Int., 1882; Shell Trans., 7522; Unilever, 656; War Loan, 35J; De Beers, 3921.
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Press, 2 April 1979, Page 25
Word Count
201London market Press, 2 April 1979, Page 25
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