Andas rises sharply
The New Zealand sharemarket continued its strong rally ini busy trading yesterday. The N.Z.U.C. industrial index rose 7.01 points to 870.32, and rises outnumbered falls more than four to one. Neil Holdings a firmer in spite of reporting a decline in earnings, but Atlas Majestic lost 3c to 112 c after announcing it had returned to the red. Skellerup Industries rose a further 25c after last week’s good profit report and the news of a cash issue. Also up strongly were Andas Group, after news tnat Brierley Investments had agreed to appoint a nominee to the board, Revertex, and NZ Petroleum. Market leaders were markedly firmer, except for Ceramco, Crown, and Southland Frozen Meat.
RISES
New Zealand Price var’n
FALLS New Zealand
Daily volume
A total of 2,310,830 shares was traded on New Zealand stock exchanges yesterday, including 94,800 special sales. The total was 1,427,845 fewer than on Friday. Industrial shares totalled 2,200,740 (3,601,575 on Friday), and 110,090 mining and oil shares were traded (137,100 on Friday). A total of 160 issues was traded. The five most active issues were: N.Z.S.B. Grp ... . 172,800 and rts 706,887 N.Z. Steel 83,800 incl. late 80,000 and rts 163,854 Dorn. Brew 72,500 incl. special .. . 50,000 Fletcher 65,400 and ctb 9100 Neil Holds 51,900
c c Alex Harvey . . 375 10 Allflex xd . . . . 460 8 Alliance 136 4 Andas 200 20 Aurora 375 5 Baitray 137 2 BNZ Fin 610 5 Carter Holt . . . 550 5 Col Motor .... 405 3 Colyer Wat . . . 190 5 Con Metal xd. . 210 11 Cooks Wine new 97 7 Dalgety NZ . . . 305 5 Dingwall P . . . 320 5 D Wallace. . . . 93 3 84 nts 82 7 Dorn Brew. . . . 165 5 East Gas 92 2 E Lichten .... 435 5 EMCO 225 3 Feltex 162 2 Firestone 145 2 Fisher Payk. . . 416 4 Fletcher 236 5 ctb 145 5 Freightways. . . 325 5 Hauraki 55 5 HB Farm pf . . 140 10 Hume NZ . . . . 275 10 IW-Dow 220 5 J Webster .... 140 10 LWR 162 2 L D Nathan. . . 285 5 15pc pf . . . . 230 5 Lion Brew. . . . 212 5 12pc pf xd . . 200 1 McConnell .... 250 2 Montana 167 2 Nat Ins 270 5 Neil Holds. . . . 140 5 NZ Forest.... 415 3 NZ Prop 105 2 NZSB Grp... . 113 2 rts 26 4 NZ Steel 285 5 rts 33 3 R W Hellaby. . 138 1 Revertex 425 15 Robt Jones . . . 80 3 Rothmans .... 202 2 Salmond 270 5 Skellerup 475 25 Smiths Mkt . . . 240 5 Spedding 72 2 Teltherm 265 20 Tolley 265 5 TNL Grp 10 pc pf 175 5 UEB 167 2 Waitaki NZR . . 308 3 W Horton .... 510 5 Winstone rts. . . 44 2 Yates Corp . . . 370 5 L and M 57 2 Min Res 58 1 NZOG 97 2 NZ Petrol .... 230 30 Utd Res 115 Overseas 3 BHP 1750 40 CSR 813 23
Price var’n Atlas c 112 c 3 BOS 80 5 Ceramco 228 2 Crown 203 2 Holeproof 185 5 J Smith 90 30 Kingsgate .... 58 2 Lanes 95 5 Man Radio . . . 60 5 Repco Corp . . . 105 3 SFM 320 10 Steel Tube. . . . 265 3 W Neill 110 5 Cue Energy . . . 46 1 Overseas ACI 264 20 G J Coles.... 554 10 W’wths Aust. . . 394 6 xd ex dividend
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19830719.2.99.6
Bibliographic details
Press, 19 July 1983, Page 22
Word Count
541Andas rises sharply Press, 19 July 1983, Page 22
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.