Bullish trend slows markedly
The bullish trend of the last two trading sessions slowed appreciably on a busy New Zealand sharemarket yesterday, but rises still outnumbered falls more than six to one. Except tor N.z. Forest Products, which gained 4c, the big market leaders were absent from the rises. However many smaller market leaders rose sharply, including CBA Finance, BNZ Finance, and Marac. ■MSI Corporation and Repco New Zealand, two companies involved in the merger with Andrews and Beaven, firmed. Andrews and Beaven was steady at 130 c. Two private radio issues, r oveaux Radio and Manawatu Radio, also firmed. Interest again centred on the mining and oil sector, particularly Cue Energy and NZ Oil and Gas, both of which rose in heavy trading.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19830506.2.77.10
Bibliographic details
Press, 6 May 1983, Page 10
Word Count
124Bullish trend slows markedly Press, 6 May 1983, 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.
Log in