Carborundum joins trading list
Rises and falls were in balance as share prices yesterday staged a recovery from the recent bearish trend on the New Zealand Stock Exchange. Carborundum, the abrasives manufacturer, made its debut on the market, the 50c shares issued at 130 c each, selling in a range of 145 c to 162 c. The largest parcel sold at 155 c. Horticultural Industries, a recent listing, rose 8c to 150 c in reaction to Freightways seeking a 20 per cent holding in the company. Freightways also gained 8c in reaction to the offer. Market leaders to improve included Brierley. Feltex, Fletcher Challenge, and New Zealand South British. But, ANZ Banking Group, NZ Forest, and Wattie were still easier. The oil sector was down, in spite of its market indicator showing a slight gain.
RISES New Zealand
Gold price
Price per fine ounce on the London bullion market.
FALLS New Zealand Price Var’n
Silver price
Price per fine ounce on the London bullion market.
Price Var'n c c Autocrat 260. . 5 Bendon 340 8 Brierley .... 402 2 ctb 370 5 Charter 230 5 Chase . . 250 5 Com Sec .... 72 2 Cooks rts. . . . 10 2 E Lichten . . . 310 8 Endeavour. . . . . 148 1 FTC 158 1 Farrier 500 20 Feltex 212 2 First City . . . 107 2 Fletcher .... 300 10 ctb 240 2 Fleur 69 2 Fortuna 140 2 Frtways .... 165 8 Goodman. . . . 422 2 Hortlnd 150 8 opts 57 2 LD Nathan . . 330 5 Lion Brew 12 PC pf 220 5 Moyes 210 10 NZ Cement . . . . 135 3 NZFF 17 pc pf 210 10 NZ Forest rts. 136 1 NZ Prop .... . . 112 2 NZSB Grp . . . 183 2 opts 80 2 Prog Ent. . . . 470 10 Revertex.... 290 10 R Jones .... 125 3 Rothmans pf . 270 10 Smiths Mkt . . 475 15 Teltherm. . . . 400 5 Tolley 300 5 Tour Fiji. . . . . . 860 10 TNL Grp. . . . 260 5 W Jeffery . . . 240 5 W Horton . . . 735 5 Oil Fids opts . 5 1 Sth Pet ctb . . 7 1
Abacus rts. . . c 25 c 8 AUegra 115 1 Allflex 525 5 Alliance .... 140 1 Andas 175 1 ANZ Bank . . . 370 5 Atlas 165 5
Aurora 450 5 CPD pf 440 10 Cons Ent 28 1 DIC 165 3 East Gas 163 2 EMCO 250 5 Genestock ... 150 5 InvFin 5 JWebster 188 Landmark pf . . 35 2 Leisurld 53 2 Mainstay opts. . 15 1 Marac 280 15 Mogal 340 10 Mtr Hlds. . . . 140 5 Nat Blood 68 1 Neil Hlds .... 150 5 NZFF 240 2 NZ Forest 330 0 NZSB Grp ctb . 135 5 NZ Steel new. . . 250 15 Nthgate 85 5 Otago PP 430 5 Perry D 128 2 Ra Ora 252 3 Rheem NZ 220 10 Salmond 400 10 Wattie 465 5 W Neill 160 5 Yates 205 5 Coal Energy. . . . 19 1 Horizon ctb ... . 14 2 opts 7 1 L and M 52 4 NZOG 44 1 Petro Tar ctb. . . 5 1 Utd Res 38 2
May 9 ... JUS372.65 May 10 ... JUS371.75 May 11 ... JUS372.50 May 14 ... $US372.55 May 15 . . . JUS383.25
May 9 .... 5US8.65 May 10 .... JUS8.60 May 11 . . . . JUS8.75 May 14 .... 3US8.83 May 15 .... JUS8.83
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Bibliographic details
Press, 17 May 1984, Page 25
Word Count
519Carborundum joins trading list Press, 17 May 1984, Page 25
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