Transport issue leads rises
Transport (North Canterbury) led the rises on a firm, moderately active New Zealand sharemarket yesterday. The shares of the Rangiora-based transport company rose 40c to 300 c. Carborundum, the abrasives manufacturer, which was listed on Wednesday, eased 5c to 150, and EMCO Group was also down in spite of announcing an improved result. Henry Berry stood out on a gain of 13c to 223 on a parcel of 236,248 shares. Market leaders were firmer, and the NZUC industrial index gained 6.14 points to close at 1348.46. Freightways was steady at 165 c, but Horticultural Industries dropped 10c to 140 after the transport company announced it had fulfilled its order for about 20 per cent of the capital. Industrial Equity, the Sydney-based company, in which Brierley Investments has a holding, rose 646 c to 1160, ex dividend, ex rights, and ex bonus. The issue last traded in June.
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Press, 18 May 1984, Page 8
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151Transport issue leads rises Press, 18 May 1984, Page 8
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