London market quietly firm
Share prices closed firmer on the London - Stock Exchange last week after cuts in United Kingdom bank's base rates, to 15, from 15% per cent. Government bonds were very firm, and the Government broker was able to sell remaining stocks of the exchequer 15 per cent 1997 long tap stock, dealers noted.
Trading was very quiet, however, and attention focused on special situations, they said. British Sugar jumped 15p to 380 p after final results, while Chloride added 2p at 24p on a reduced interim loss. Leaders added between a penny and 6p, as in 1.C.1., Hawker Siddeley, Glaxo, and Bowater.
Gold shares eased by up to 400 c with the lower bullion price; U.S. and Canadians were quietly lower. The market took in its stride the news that U.K. miners voted to reject a higher pay offer.
The Australian sector was generally easier. Closing prices on Friday of a selection of issues were:-
Ampol. 134%; ANZ. 330%; NSW, 171%; BHP. 613; Dalgety, 299%; Elder Smith. 250; Fletcher, 85; BHill, 159%: Plessey, 337%; Renison, 300; RTZ ord, 468 and regd, 466%: Trans Dev, 65; West Mining, 237%; BAT, 361; Distillers, 183; Glaxo. 442; ICI, 286; Lloyds Bank, 408; Marks and Spencer, 127; P and O, 126;
Prudential "A." 234: Reedlnt. 252; Shell Transport, 374; Unilever, 645; War Loan, 26%; De Beers, 670.
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Press, 16 November 1981, Page 24
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226London market quietly firm Press, 16 November 1981, Page 24
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