Shares fall for second day
The New Zealand sharemarket fell again yesterday after the 76point dive in the Barclays index on Wednesday. The index lost about 37 points yesterday. The market dropped sharply in the morning but recovered a Tittle in the afternoon. The New Zealand dollar continued to firm, reaching a postfloat record of U566.85c before closing at U566.60c. Foreign-exchange dealers said it was more likely to climb to US67c today than to fall. The high dollar is making great currency buying for New Zealanders going overseas. Christchurch banks reported a brisk demand for Australia dollars yesterday and Auckland banks reported a rush. ' Overseas, prices held on the New York Stock Exchange and boomed on the world’s biggest exchange, Tokyo. The previous day there was a record fall on Wall Street in Dow Jones index points, but not in percentage. Details, page 14
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19871009.2.5
Bibliographic details
Press, 9 October 1987, Page 1
Word Count
144Shares fall for second day Press, 9 October 1987, Page 1
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