FUTURES Dead quiet
The doldrums continued on the futures market yesterday, with no movement and no direction. For an hour and a half there was no trading in the busiest contract, Government stock futures. The quietness may spur the Futures Exchange when the executive this Friday discusses the introduction of contracts on a bank-accepted bill and a share-price index. The volume of Government stock futures traded yesterday was light at 267. Only one month, December, was traded. Prices were up only four pointe on the Monday close, and the trading failed to break out of its narrow band. The U.S. dollar contract was up 20 pointe at the close compared with Monday’s close, but on a tiny volume. Wool contracts were lightly traded at a price a shade firmer to steady than Monday’s level. On the Sydney Futures Exchange, spot December share price index futures closed 17 pointe higher at 1357, a dis- - count of 14.8 points to the physical market Details of yesterday’s trading in New Zealand: SUS CONTRACTS Mth Open H/L Last Vol Nov 2.0080 .0100/050 .0100 4 ' Contracts traded: 4 Open positions at October 20: Nov 193, Dec 16, Jan 6, Mar 3, total 218 (up 8). COMMERCIAL BILLS No contracts traded. Open positions at Oct 20: Nov 64, Dec 601, Mar 330, Jun 123, Sep 48, Dec 45, Mar 47, Jun 10, total 1268 (down 6). GOVERNMENT STOCK Mth Open H/L Last Vol Dec 8429 433/427 433 267 Contracts traded: 267 Open positions at Oct 20: Nov 240, Dec 1830, Mar 44, total 2114 (down 32). WHEAT No contracts traded. Open positions at Oct 20: Feb 15, Mar 27, May 19, total 61 (same).
Contracts traded: 38 Open positions at Oct 20: Oct 24, Dec 216, Jan 325, Mar 525, May 460, Aug 241, Oct 206, Dec 122, Jan 180, Mar 114, total 2413 (up 7).
WOOL FUTURES Mth Open H/L Last Vol Jan 552 552/552 552 1 Mar 552 552/552 552 1 May 555 556/554 556 19 Aug 566 567/566 567 11 Oct 567 567/567 567 3 Dec 569 569/568 568 3
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Press, 22 October 1986, Page 38
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347FUTURES Dead quiet Press, 22 October 1986, Page 38
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