Market falls sharply
Share prices fell sharply on a. busy New Zealand, sharemarket yesterday, but there were signs of a recovery in late trading. The N.Z.U.C. industrial index lost 11.38 points to close at 704.15, its biggest decline since last September. The disappointing result from Fletcher Challenge was probably the main contributor to the bearish tone, together with a lack of positive economic and business news. Fletcher fell 6c, as did N.Z. Forest Products, and big losses were also incurred by Dalgety New Zealand, Goodman, and Rothmans. Mair eased in spite of its good result. Leaders to firm were Command, New Zealand Steel, and New Zealand Cement.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19820312.2.76.7
Bibliographic details
Press, 12 March 1982, Page 10
Word Count
107Market falls sharply Press, 12 March 1982, Page 10
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.