MARKET LEADERS DOMINATE FALLS
Market leaders dominated the falls on a mixed, active New Zealand , sharemarket yesterday. However, despite the N.Z.U.C. index easing 1.34 points to 33’2.35, there were 35 rises. Transvision rose 5c to 16Gc on its higher profit and dividend, while Haywrights continued to improve, gaining 2c to 90c. Market sentiment may have been influenced to some extent by the comments bv the managing-director of General Finance (Mr F. V. Noble Beasley) that it was doubtful that interest rates would fall, as predicted by the Prime Minister (Mr Muldoon).
RISES New Zealand Price c Var’n c Ajax .. 208 1 Baillie .. 57 1 Ballins . 82 2 BOS 72 2 Carter Holt .. 217 2 Ceramco 180 2 Colyer W 136 I Fletcher 218 1 Freightways pf 62 1 Hauraki 200 20 Haywrights 90 2 H Pollard 180 2 ICI NZ 157 1 I W-Dow 126 I J Rattray 182 2 L D Nathan 208 4m Lion Brew 12 pc pf 68 1 Mosgiel 137 «M Mtr Traders 86 1 Nat Ins* 190 6 NZ Cement 105 & NZ Ins 237 2 NZ News 173 1 NZ Refining .. 92 Niven 103 1 Odlins pf 50 4 Print Pack 165 5 nts 155 5 Rothmans 108 1 Scott Grp pf .. 47 2 SFM 200 z Trans vision 160 Overseas o BNSW 445 5 CSR 455 5 Comalco 235 5
FALLS New Zealand Price Var’n c c A Harvey 238 2 Broadlands 61 1 Dom Brew- (• •; 97 1 11 pc pf 57 1 HB Farm i* • 195 5 Mair pf i* *• 165 5 McKenzies 64 1 NZ Forest 228 4 NZ Steel 176 2 Repco NZ 78 1 Sth British 288 1 Trans Holds pf 109 1 TNL Grp 81 4 Wattie 92 1 Winstone * ex dividend 85 1
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Press, 10 May 1979, Page 18
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295MARKET LEADERS DOMINATE FALLS Press, 10 May 1979, Page 18
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