London market declines
Share prices on the Lon-| don Stock Exchange closed 1 easier last week in slack j (trading ahead of the Bank; (Holiday week-end, with sentiment depressed by major company results and the rise in domestic oil prices, dealers said. Government bonds also eased slightly. A rise after the announcement of reductions in Government spending ' was quickly dissipated. The Australian sector of the London market was on the whole quite firm, after an easy and quiet beginning to the week. However, sound gains were made by the banks,
■ I which announced improved ((positions in Australia. i The reaction in London to The Australian mini-Budget : lwa§ generally positive, with B.H.P. the only exception; the shares lost 17c on Friday. Closing prices on Friday Of a selection of shares were:— Ampol, 45j xr; ANZ. .300?; NSW, 2361; BHP, 625 xd; Dalgety, 344 J xd; Elder Smith, 1851; Lloyds Bank. 3141; Mt Lyell, 491; Challenge, 122; Nth BH, 114; Plessey, 104 xd; RTZ ord. 310 xd, and regd, 3101 xd; BH Sth, 1041; Transdev, 73.1; West Mining, 1601; BAT, 2921; Distillers, 214; Glaxo, 4621; ICI, 3631; Marks, 113; P and O, 92J; Prudential ‘A’, 1721; Reed Int, 1731; Shell Transport. 7491; Unilever, 618; War Loan, 32; De Beers, 448.
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Press, 28 May 1979, Page 18
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208London market declines Press, 28 May 1979, Page 18
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