Cautious trading
The Australian sharemarket was firm and quiet yesterday. The market was uncertain of London support after the elections, the national wage case, which began, and a mini-Budget is expected this month, ahead of a tough August Budget. The volume of shares traded was fairly light, but leading industrial, and mining stocks made reasonable gains. ■ The National Bank,, and Bank of N.S.W. rose. Both are expected to report improved profits on Friday. B.H.P. gained 4c to 950 c, and T.N.T. rose 4c to 143 c on prospects of a record profit. CSR gained 5c to 385 c.
Gold stocks made further gains on the rising bullion Other miners were generally supported and Western Mining, MIM, CRA, Renison,
Hamersley, and Peko made gains of a few cents Utah eased 5c to 380 c, and Goal and Allied lost 6c to 554 c.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19790509.2.157
Bibliographic details
Press, 9 May 1979, Page 25
Word Count
142Cautious trading Press, 9 May 1979, Page 25
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.