Sellers in command
Falls outnumbered rises on Australian stock exchanges yesterday, with oils and mining showing easier. The industrial market saw Myer, the giant retailer, move ahead to 200 c apparently on rumours of a' bid by Asian interests. But the company announced late in the day that they believed that the price rise and sharp turnover increase was because of a realisation' by buyers of the real estate value of the widespread company, the better
'trading figures, and the value of its associated finance company. Myers closed at 200 c, up 2c. Other retailers also rose; Coles closing at 270 c, up sc, but Woolworths, eased 2c to 182 c. BHP fell 20c to $14.70, and other industrials with big mining interests also eased. E.Z. Industries fell 6c to 630 c. Against this trend CSR gained 4c to 606, Comalco firmed 1c to 228 c, and Coal and Allied was steady on $l2.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19810624.2.110.6
Bibliographic details
Press, 24 June 1981, Page 22
Word Count
154Sellers in command Press, 24 June 1981, Page 22
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in