Market fall continues
The national sharemarket continued its downward trend on moderate turnover yesterday. The Barclays index dropped a further 6.32 points to 1201.42. Scott Group recorded a 24c rise, to 200, after going ex dividend last Friday. Interest in NZI Corp continued and transferred to the options of which more than one million sold. The price rose 2c to 80. In addition, more than 200,000 NZI ordinaries sold up to 166, a gain of 4c. Fisher and Paykel gained 12c to 282, but the only other market leader to fare well was NZ Forest Products which rose 1c to 318. Brierley Investments continued its fall, down 6c to 352, with Wattie Industries falling 10c to 305 and Fletcher Challenge contributing shares losing 2c to 200. Ten cents falls were also recorded by Barclays NZ, to 250, James Smith, to 150, and Sanford, to 200. Others to lose included Allflex down 12c to 395. Ten cent gains were made by Command Services, to 290, and D. McL. Wallace, to 125. Turnover for the day was 3,256,974 shares valued at $3,618,973.
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Press, 25 October 1984, Page 24
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180Market fall continues Press, 25 October 1984, Page 24
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