London market rallies
Share prices on the London Stock Exchange ended the week on a firm note last week, although below their highs, in quiet trading. The prospects of lower U.K. interest rates were a boost to the market, dealers said) and press reports that the recent falls in the domestic inflation rate could lead to tax cuts were also a supporting influence. Gold shares made gains
i which outstripped the move- ; ment in the bullion price. t Bonds fluctuated wildly, • but ended the week a little firmer. The Australian sector of i the London market was firm ; most of the week and easier at the close. Banks stood out • among the gains, and BHP I and TNT among Friday’s i . falls. Closing prices on Friday of a selection of issues ; were:
Ampol. 72%; ANZ. 215%; NSW, 153%; BHP. 424; Dalgety, 304; Elder Smith. 157%; Fletcher Challenge, 76; NorthßH, 126%; Plessey, 574%; Renison. 159; RTZ ord. 430 and regd, 426%; Transdev. 73%; West Mining, 193%; BAT. 549; Distillers. 225; Glaxo. 810; ICI, 298; Lloydsßank. 401; Marks and Spencer. 204; P and O, 133; PrudentiaL'A." 310; Reedlnt, 286; Shell Transport, 406; Unilever. 680; War Loan. 33%; Deßeer. 505.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19820927.2.158.15
Bibliographic details
Press, 27 September 1982, Page 26
Word Count
197London market rallies Press, 27 September 1982, Page 26
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.