London market
End-of-month accounting factors caused slow trading on the London Stock Exchange on Friday, and share prices drifted lower. Sterling’s weakness against the United States dollar prompted an opening markdown of Government bonds, but they met little selling pressure’ and prices held at lower levels. The “Financial Times" industrial index eased 2.2 points to 557.7 on the day, for a net loss of 5.0 points on the week. The market began the week on a quiet, mixed note,
and only Government bonds drew favour because Of encouraging U.K. inflation rate figures and improved money supply figures from the U.S. Closing prices on Friday of a selection of shares were:— Antpol, 81%; ANZBank, 215%; BNSW. 161%; BHP, 450: Dalgety. 316%; Elder Smith. 250; Fletcher. 79%; NthßH, 114%; Plessey, 369%; Renison. 158; FTZ ord, 411% and regd. 411%; Trans Dev. 77%; WMC, 210%; BAT. 400; Distillers. 177; Glaxo. 514: ICI, 314; Lloydsßank. 430; Marks and Spencer. 152: P and O. 139; Prudential ‘A.’ 235: Reedlnt. 278; Shell Trans. 378; Unilever, 609: War Loan. 330; Deßeers. 397.
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Bibliographic details
Press, 29 March 1982, Page 22
Word Count
175London market Press, 29 March 1982, Page 22
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