Market index slides further
The national sharemarket slipped further yesterday with the Barclays index losing 6.59 points to 1207.74. Turnover was generally light at 2,954,355 for a value of $3,637,194. The exception was NZI Corp in which trading was heavy at more than .half a million shares. NZI, however, dropped 3c, with prices ranging between 170 c and 160 c and there was a special sale of 100,000 at 168 c. Other market leaders fell also, including Goodman Group, down 5c to 245, and Wattie Industries, also down sc, to 315. Brierley Investments, ANZ Bank and NZ Steel all had 2c drops to 358, 330 and 240 respectively. Fletcher Challenge eased 1c to 265, Wilson and Horton had the day’s largest fall, down 15c to 615 and Independent News fell 10c to 180. Other falls of 10c were recorded by Motor Holdings, to 130, Barclays NZ, to 260, Fisher and Paykel, to 270, and Investment Finance, to 140. Chemby was the only share to rise 10c, to 165. D. McL. Wallace was up 3c to 118. Cable Price Downer, which announced a specified preference share offer yesterday, rose 2c to 250. The Barclays mining index gained 3.86 points to 74.94.
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Press, 24 October 1984, Page 33
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200Market index slides further Press, 24 October 1984, Page 33
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