London market firm
Share prices on the London Stock Exchange closed last week on a firm note, although showing some sharp day-to-day fluctuations.
Oil issues were subdued after the news of the domestic petrol price cuts announced by Shell and Esso, dealers said. Government bonds closed with gains of up to I point, the undersubscription to the new medium “Tap” stock, and the publication of the United Kingdom centra) Government borrowing requirement had little impact.
In the Australian sector industrial and banking
shares were firm, but miners and energy 7 stocks were very variable. Consolidated Gold Fields stood apart as the strongest performer on the mining post.
Closing prices on Friday' of a selection of. shares were: —
Ampol, 70; AXZ. 242): NSW, 156 i: BHP. 745; Dalgety. 230 J; Elder Smith. 159); Mt Lyell, 90; Challenge. 971; Nth BH. 1735; Plessey. 209; RTZ ord, 457 J. and regd. 4601; Transdev, 76J; West Mining. 2561; 8.A.T.. 278: Distillers, 213; Glaxo, 228; ICI. 332; Marks and Spencer, 93; ,P and O. 1255; Prudential ’A,’ 223; Reed Int, 201; Shell Transport, 403; Unilever. 508; War Loan. 32 7-8; De Beers 10 3-16; Lloyds Bank 335.
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Press, 14 July 1980, Page 22
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192London market firm Press, 14 July 1980, Page 22
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