London market easy
Share prices on the London Stock Exchange last week turned easier again, in quiet trading affected by the lack of institutional demand. Government bonds were up to | point lower after following the United Kingdom banking figures, which indicated that sterling M 3 might rise 5. per cent, dealers said.
After almost two weeks of moderate trading, Australian stocks were in for comparatively heady gains all round on the London Stock Exchange on Friday. Pan Continental rose 43c to lead the energy and general miners on the market.
It was closely followed by fellow-uranium miner, Peko Wallsend, which put on 33c. Woodside also added 17<x and Western Mining rose 24 24c and Consolidated Gold Fields 22c, Apol, E.Z. Industries, and Oakbridge all firmed slightly, but C.R.A. put on 17c.' M.I.M. rose 18c to 518 c, and North Broken Hill was 13c higher. The market leader, 8.H.P.,
was not to be left out — it added' 24c to $15.50, and C.S.R. put on just 6c. In the banking sector, gains were not as marked: the National did not change, and the N.S.W. and Commercial firmed a cent apiece, but the A.N.Z. put on 10c. Myer rose a cent but other retailers registered no change.
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Press, 11 August 1980, Page 22
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204London market easy Press, 11 August 1980, Page 22
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