London market
Share prices see-sawed on the London Stock Exchange last week; many shares closed on Friday with small gains, after being down earlier in the week. The resilience of sterling underpinned government bonds and, despite some late profit-taking, selected longer dates ended with substantial gains.. Oils featured, and with the BNOC oil price, cut already discounted, prices were boosted by better than expected 1981 results from Ultramar. With the gold price falling to a 2Va year low, the decline in gold shares accelerated. Falls amongst the producers
stretched to 300 c, as in Hartles. Interim results from Cons Gold failed to enliven the sector, Cons Gold itself ending 8p lower and RTZ failing 7p. Poseidon shed lOp to 82p on sharply lower halfyear profits. Closing prices on Friday of a selection of issues were: Ampol, 75; ANZ, 220%; NSW, 145; BHP, 445; Dalgety, 322%; Elders, 255; Fletcher, 87%; NthßH, 121%; Plessey, 367%; Renison, 148; RTZ ord, 425 and regd , 426%; Transdev, 78%; West Mining, 201%; BAT, 436; Distillers. 168; Glaxo, 492; ICI, 338; Lloydsßank, 485; Marks and Spencer, 140; P and O, 128; Prudential'A’, 239; Reedlnt, 270; Shell Transport, 342; Unilever, 660; War Loan, 29%; deßeers, 555.
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Bibliographic details
Press, 8 March 1982, Page 24
Word Count
198London market Press, 8 March 1982, Page 24
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