NZ market drifts lower

Press, 20 July 1984, Page 9

NZ market drifts lower

Share prices closed easier on a moderately active New Zealand Stock Exchange yesterday, as the market had more time to evaluate the economic package introduced by the incoming Government. The market had closed firm on Wednesday after the economic moves were announced. Symptomatic of the market mood was Fletcher Challenge, which lost the 7c gain it had made on Wednesday to close at 285 c. Barclays industrial index lost 8.81 points to 1334.99. However, Dominion Breweries, Lane Walker Rudkin, and NZ Forest Products were among the rises, and NZI Corporation was steady. Mount Cook Group stood out on a gain of 20c, but Farmers’ Trading Company eased 3c to 122 c in spite of reporting a good start to its new financial year. The oil sector was firmer.

4900 Abacus 145; 3300 AICFin 100, 500 102; 100 Ajax 240; 600 AHarvey 270, 900 275; 6400 Allegra 95; 1700 Alliance 148, 4300 150; 32,800 Allflex 570, 1900 575, 1000 Andas 200, 300 205; 2400 ANZBank 360; 2000 Ariadne 110; 500 AEUis 110, 1000 112, 2000 Atlas 200, 130,800 205; 800 Aurora 208; 400 Autocrat 265; 3000 BarclayNZ 330, 400 335; 13,000 Bendon 335, 5000 340; 1000 BNZFin 245, 700 250; 1500 Brily 425, 300 426, 4100 428, 6300 430, 4400 432, 2100 433, 6600 434, 20,900 435, 5800 438; 200 CPD 495, 11,900 500; 16,000 Carbordum 125, 900 128; 1100 CBAFin 405; 6700 Cavalier 218, 4000 Cart Holt 330; 8800 Ceramet) 260; 10,200 Chase 260, 5200 262; 1000 Charter 186, 4100 188; 1000 Cityßeal 67,10,000 68; 8000 Clypex 27, (1600 28), and 1000 17%pc pf 24; 35,000 ColMotor 300; 200 ColyWat 255, (200 260); 200 Comalco 320; 1800 Com Sec 58; 63,700 ConsEnt 27, 2000 28, 600 29; 1000 Cook Wine 64; 22,300 DalCro 160, 1000 163; 6400 DIC 150 and 200 pf 144; 2100 DMcLWaI 115 and 200 nts. 112; 1000 Domßrew 154, 13,900 155, 800 157, 32,700 158; 700> Donaghy 190 and 100 15pc pf 88; 200 DRGNZ 120; 300 DunlopNZ 390; 30,700 Elichten 310; 14,300 EMCO 245; 400 Endeavour 132; 4200 EquitCorp 130, 2400 131, 8100 132, 16,700 135, 2000 136, 2000 137, 17,700 138, 1000 140 and 23,600 pf 44; 500 East Gas 167, 700 170; 18,900 FTC 120, 2100 121, 15,200 122, 200 125 and 500 17pc pf 335; 17,400 Fleur 69, 20,400 70; 3000 First City ctb 64; 5500 Feltex 215, 100 217, 200 220; 200 Firestone 227; 1200 FletCh 285, 4100 286, 24,900 288, 15,300 290, 2300 292, 3900 ctb 223, 20,500 225; 1800 F&P 315, 200 320; 400 Forlnv 205; 500 Frtways 142,

1100 143; 9800 Genestock 132; (200 Gen Prop 135); 2800 GBCem 55, 2300 56; 1200 Goodman 305, 2500 310; 498,582 HBerry 225; 7900 Hortlnd 127, 4300 128; 200 HumeNZ 150; 400 Ind News 410; 200 InvFin 145, 300 148, 20,500 150, 1700 152; 200 IWDow 405, (200 410); 200 Intertas 155, (12,600 160); 2500 JEdmond 260; 2100 JBurns 185, 3000 188; 400 Kidd Gar 68; 4000 Landmark 53, 5000 54, 1300 55, 500 opts 30; 9900 LWR 140; 700 Lanes 80; 11,000 Laurenson 155, 200 160; 2100 LDNathan 360; 1800 Leisurld 48; 900 Leyland rts 160; 7800 Mair 375; 1500 Man Knit 222; 100 Manßad 140; 500 Mainstay 45, 400 47, 800 48, 6000 49; 200 Marac 250, 8500 255; 600 McAlpine 115; 4300 McDowell 305; 7700 Mogal 250; 2600 MOBrien 75; 400 Montana 140, 2200 145; 13,000 Mot Holds 140; 100 MtCook 480 and 1500 pf 390; 1600 Natßlood 77, (800 78); 4600 79, 200 80; 600 Neil 160, 200 165; 600 NZFannF 235, 400 240; 22,800 NZForest 336, 2700 338,150,836 340 and 600 ctb 225, 1000 227; 9300 NZNews 400; 200 NZSalmon 168, 1200 170; 8000 NZI 160, 600 161, 23,200 162, 19,400 163, 48,900 164, 29,700 165, 9000 ctb 110, 24,000 113, 2800 115 and 9000 opts 85, 16,200 86; 4200 NZSteel 260; 300 Nthgate 75; 5300 Odlin 150, 400 153 and 700 nts 165; (200 OtagoPP 450); 300 PDL 520; 900 PerryD 115; 200 ProgEnt 335, 100 338, 1100 340, 1100 345, 2000 348; 900 RaOra 255, 500 260, 8900 263, 1000 265; 6200 Rainbow 60, 7700 61, 7000 63; 22,400 RHellaby 95; 43,400 RepcoNZ 130; 100 RheemNZ 210; 19,500 RJones 115,1000 opts 65, 400 68 and 1300 rts 10; 4700 Rothmans 200, 3600 202; 100 Salmond 440; 1000 Scott 225; 500 Selby 215; 400 Skellerup 187, 600 190; 9800 Smithßio 250; 500 SmithMkt 480; 9000 SFM 180; 200 SteelTube 255, 300 260, 100 265; 500 StevCorp 280; 2300 Teltherm 490; 5800 TNL 292, 4000 295; 2000 UEB 187, 500 188, 26,700 190; 1100 Vis Hire 155; 3300 Waitaki 150; 100 Wattie 355; 500 Will Prop 118, 500 120; 5600 WNeil 155; 500 Winstone 198, 1400 200, 7100 202, 1200 203, 63,700 rts 45, 10,000 50 and 800 16pc pf 100; 48,200 Yates 188, 5700 190 and 100 12pc pf 145. 3000 Coal Energy 18, 12,000 Cue 12, 10,000 13 and 2000 opts 3, 19,000 4; 5000 Crusader 17 and 2200 opts 7; 26,000 Horizon opts 4, and 7000 ctb 12; 160,000 Kupe opts 4, 80,000 5 and 1000

ctb 14, 41,000 15, 88,000 16; 3000 L&M 60; 500 Minßes 40; 900 NZOG 36, 3000 37, 4000 38; 10,000 OilFlds opts 4, and 22,000 ctb 9; 15,750 PetroTar opts 2, 1000 opts 3, and 9000 ctb 4; 1000 SthPet opts 2, 41,000 3, and 20,500 ctb 7, 12,000 8.