Broker comment
“The New Zealand sharemarket was lacklustre and slow, and trading seemed to lack direction,” said Mr Sandy Ellis, market operator for Jordan Sandman Smythe and Company, Auckland and Christchurch sharebroker. “The market has been nowhere and it appears not to know where it is going. It is still digesting the cash issues,” he said. Mr Ellis said that Prime-West shares had been selling in Auckland at 25c, and another local, Prudential, sold at 230 c, continuing it steady rise. Equiticorp was firmer, riding on the back of anticipated profits from Equiticorp Tasman’s dealings, and closed at 540.
Ra Ora lost another sc, 25c since Monday, in
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Press, 31 May 1986, Page 24
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108Broker comment Press, 31 May 1986, Page 24
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