FUTURES Hectic trading
United States dollar contracts rose up to 450 points (2200 to investors) in hectic trading on the Futures Exchange yesterday. Mr Alan Overton, of Mair and Company, Ltd, said that rise in prices reflected the fall in the value of the New Zealand dollar. Investors quit short positions as the rise began about 2 p.m. One hundred and eighty-six contracts were traded. Wool trading was quiet, with only 11 trades, as the investors settled into the third day of automated trading in the contract.
The commercial bill (prime commercial paper) futures contract was down about 30 points for August, ; reflecting a rise in the an- i ticipated interest rate to < 22.9 per cent. Details of yesterday’s • trading: SUS CONTRACTS Mth Open H/L Last Vol Jul 2.1080 2.1400/0950 2.1400 119 Aug 2.1300 2.1675/1215 2.1675 57 Sep 2.1600 2.1900/15 2.1650 10 Contracts traded:lß6. COMMERCIAL BILLS
Contracts traded:s4.
Mth Open H/L Last Vol Jul — — 7650 1 Aug 7720 7720/00 7712 18 Sep 7732 7732/08 7715 32 Dec 7945 7975/45 7975 3
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19850704.2.133.21
Bibliographic details
Press, 4 July 1985, Page 28
Word Count
171FUTURES Hectic trading Press, 4 July 1985, Page 28
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in