London market fall continues unabated
Share prices fell steadily last week on the London market. . The main causes in the middle of the week were the threat of a national water workers strike and lack of institutional support. The sharp fall on Wall Street on top of that didn’t help matters and although there was a slight rally on Friday the ' F.T. index dropped a total of 11.9 points over the week. Australian shares also suffered, with the miners doing worst.
Government bonds gained pome lost ground by the week’s end, although there was still concern about heavy borrowing by central Government. Closing prices of. a selection of shares were:— Ampol, 86 1/2; ANZ, 264 1/2; NSW, 146 1/2; BHP, 810; Dalgety, 270 1/2; Elder Smith. 152 1/2; Mt Lyell. 98; Nth BH, 187 1/2; Plessey 261 1/2; RTZ ord. 410 1/2, regd, 410 1/2; Trans Dev, 72; West Min, 283 1/2; 8.A.T.. 235: Distillers, 183: Glaxo, 258; ICI, 308; Marks and Spencer, 117; P and O, 116 1/2: Prudential ‘A’, 215; Reed, 184: Shell Trans, 452; Unilever. 443; War Loan. 30 5/8; De Beers, 9 5/3; Lloyds, 331.
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Press, 12 January 1981, Page 18
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189London market fall continues unabated Press, 12 January 1981, Page 18
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