SHAREMARKET Mixed prices in light trading
Trading was subdued on the New Zealand share market yesterday, and although rises outnumbered falls about three to two, most indices closed on a lower note.
The market was quite firm in the morning, but tailed off a little in the afternoon.
The NZSE capital index declined 1.96 points to 1147.13 and Barclays’ index of industrial shares fell 8.25 points to 3146.63. Volume was a modest
7.7 million shares worth $13.0 million — an average of 168 c a share. The share price index contract on the futures market closed the day below its opening price. Brierley Investments was unchanged, but its Hong Kong offshoot, lEP, jumped 60c to 580.
Among investment companies Chase had one of the best rises, 15c to 545, while other rises were small: Capital Markets, 2c to 522, Crown 5c to 190,
Kupe Group 10c to 275, Rainbow 5c to 378. Renouf Corporation rose 16c to 618 on the news that Judge* Corp, would take 8 majority interest, but Judge feH 20c to 740.NZ Marine Fanns recovered a further 5c to 50c, and two other salmon farmers retrieved some of recent losses: NZ Salmon 20c to 300, and Regal Salmon 2c to 70, but Big Gloiy went against the trend and lost 25c to 210. Sales page 26
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Press, 24 February 1987, Page 24
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218SHAREMARKET Mixed prices in light trading Press, 24 February 1987, Page 24
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