Big BSI volume
The Barclays share price index contract was active yesterday with one Christchurch dealer saying volume was the biggest since the crash. The September BSI opened weaker and fell until the early afternoon when it picked up as demand returned to finish about midrange. The contract closed 48 points down at 2360. A premium to the physical was restored yesterday albeit a slight 5 points. There had been heavy stop-lossing in the morning, the dealer said. A bearish report on the New Zealand sharemarket by the United States investment house Morgan Stanley had an effect as well. However, he believed the market had been oversold and picked a rally in the next few days.
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Press, 8 September 1989, Page 12
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116Big BSI volume Press, 8 September 1989, Page 12
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