Sharp rises in London
Share prices rose sharply on the London Stock Exchange last week; the market took a bout of profit taking on Thursday in its stride to close the week at record levels.
The F.T. index broke through the 500-mark on Tuesday, and closed on Fri-! day at 515.9. increasing optimism over a cut in the minimum lending rate was one of the main reasons for the market’s good performance, but sentiment was also affected by the news of a record U.K. trade surplus, and the vote by British
Leyland .workers at Longbridge to accept the 6.8 per cent pav offer. The Australian sector was mixed, with an easier bias. Early in the week uraniums were in demand, but towards the close most heavy weight miners were easier. Banks were firm.
Closing prices on Friday of a selection of shares were: Ampol, 86: ANZ. 254 1/2: NSW. 151 1/2; BMP. 845; Dalgety. 275 1/2; Elder Smith, 114 1/2; Mt Lvell, 121; Challenge. 164 1/2; Nth BH. 210 1/2; Plessey, 273 1/2; RTZ, ord, 465 1/2. and regd 465 1/2; Transdev, 73 1/4; West Min-
Ing, 325 1/2; 8.A.T.. 256; Distillers. 203; Glaxo, 270; ICI, 354; Marks and Spencer. 121; P and O. 125; Prudential ‘A’, 254; Reed. 203; Shell Transport. 514: Unilever. 500; War Loan. 32 1/2; De Beers 11 1/2; Lloyds Bank, 338.
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Press, 24 November 1980, Page 16
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226Sharp rises in London Press, 24 November 1980, Page 16
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