Bullish trend not as strong
Share prices continued to firm in moderately active trading on the New Zealand Stock Exchange yesterday, although the market trend was not as strong as in the previous three sessions. The NZUC industrial index rose 9.16 points to 1361.85, putting its gains for the last five trading sessions at 63.30 points. Allegra Park Stud had its first price change since listing on Monday, gaining 3c to 115 c on the largest parcel traded. The issue sold in a range between 112 c and 117 c. Among the market leaders, NZ Forest Products firmed sc, and Farmers’ Trading Company, Fletcher Challenge, and NZSB Group were up 1c each. Mount Cook Group, Odlins, and Waitaki eased. Trans-Ashburton stood out on a gain of 10c, but Cooks Wine lost Bc. The mining and oil sector was firmer; Coal and Energy was up 1c after its profit announcement.
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Press, 2 May 1984, Page 29
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149Bullish trend not as strong Press, 2 May 1984, Page 29
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