Market breaks decline
An active national sharemarket shook off its recent downward trend yesterday with the Barclays index jumping back 9.93 points to 1210.35, up for the first time in 12 days. Movement among the market leaders was mixed. Brierley Investments rose 8c to 360 and its rights gained 6c to 160. Progressive Enterprises added 7c to 275, NZ Steel was up 5c to 245, while Feltex and ANZ Bank rose 5c to 230 and 332 respectively. However, Goodman Group lost 10c to 235; while Wattie Industries fell 5c to 300 and Fletcher Challenge 2c to 263. The biggest loss of the day was 30c shed by Jarden Corporation to 570. Viko Holdings gained 15c to 201, after Stevens Corporation raised its offer price from 180 to 200, Ten cent gains were posted by NZ News at 430 and Brother Industries at 250. Down 10c were Otago Press and Publishing to 440, Motor Holdings to 120 and Command Services to 280. Trading in NZI Corporation, which gained 1c to 167, settled and over-all turnover was down to 1,951,891 for a total value of $2,998,295. Powercorp Group’s 25c shares, issued at 60c and listed yesterday, traded at prices between 63c and 70c.
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Press, 26 October 1984, Page 10
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201Market breaks decline Press, 26 October 1984, Page 10
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