London market
The London Stock Exchange closed mixed on Friday, overshadowed by the market problems in the United States caused by the silver futures contracts held by the billionaire Hunt! Brothers of Dallas, Texas. >
The “Financial Times” industrial index was down 1.6 points to 421.5 at the close of trading, for a net loss on the week of 8.4 points. Market reaction to the Budget was quiet on Thursday. Government bonds were down .5 of a point, the effects of a mid-morning rally being erased by fresh selling because the proposed spending cuts were not considered sufficiently harsh. Closing prices on Friday of a selection of shares were:—
Ampol, 52; A.N.Z. Bank, 215 1/2; 8.N.5.W.. 148 1/2; 8.H.P., 590; Dalgety, 245 1/2; Elder Smith. 129 1/2; Mt Lyell, 80; Challenge, 94' 1/2; Nth 8.H., 137 1/2; Plessey, 132; R.T.Z. ord., 340, and regd, 349 1/2; Trans. Dev.. 67 3/4; Western Mining, 191 1/2; 8.A.T., 226; Distillers, 195; Glaxo, 238; 1.C.1., 362; Marks and Spencer. 88; P and O, 105 1/2; Prudential A, 165; Reed Int., 184; Shell Trans., 328; Unilever, 408; War Loan, 28 5/8; De Beers, 810; Lloyds Bank, 291.
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Press, 31 March 1980, Page 24
Word Count
191London market Press, 31 March 1980, Page 24
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