London near lows
NZPA-Reuter London London shares were near the lows in quiet afternoon business on Friday (early Saturday N.Z. time) as Wall Street eased after a larger than expected SUSIO.2 billion October U.S. trade deficit. Earlier, the U.K. market showed a muted reaction to the latest U.K. inflation data, including a 7.7 per cent year-on-year gain in November retail prices, from a previous 7.3 per cent. This compared with some forecasts for a rise of 8 per cent. U.K. gilts closed around 1/ 2 point better on positive sentiment after the inflation data was released. The FTSE index closed 22.3 points down at 2344.7 on volume of 444.9 million shares. On Thursday share prices had extended earlier losses as Wall Street moved lower in the afternoon. Gilts ended with a rally to close 1/16 stronger on Wednesday’s close. The FTSE index closed 19.2 points weaker at 2367.0 on volume of 486.8 million shares. Wednesday’s shares were firm in late business as activity and sentiment remained dominated by the flood of interest created by the water
issue. Gilts closed below their best but up around % point over the previous day’s finish. The FTSE 100 index closed 12.1 points higher at 2363.5 Monday’s equities were near the day’s lows in later afternoon business Dealers said recent sharp gains and a feeling the mar-, ket may have been slightly overbought proved too tempting for some investors. A number of stocks trading exdividend also added to the FTSE 100 index decline. The index closed 12.1 points down at 2351.4. Selected Friday closing prices (sterling) include.— AMEC 4.43, ASDA 1.05, Allied Lyons 4.90, BP 3.29, BAA 3.86, BATord 8.20, BTR 4.58, Barclays 5.60, Bicc 4.62, Blue Arrow 0.86, Blue Circle 2.26, BocGroup 5.38, Boots 2.68, Bowater 4.32, BritAero 5.70, Brit Arrow 1.15, Brit Airways 2.21, Brit Gas 2.75, BritLand 3.76, BritTelecom 2.87, BurmahOil 6.82, Cable Wire 5.23, Cadbury-Schw 3.48, Communion 4.92, Courtaulds 3.76, DeLaßue 3.02, Ferranti 0.36, Fisons 3.33, GenAcc 11.70, EC 2.21, Gestetner 2.58, Glaxo 7.87, Granada 3.11, Grand Met 6.10, GuardianRoyal 2.49, GKN 4.20, Guin-
ness 6.55, Gus(A) 10.82, HawkerSidd 6.70, ICI 11.17, Jaguar 8.42, Matthey 3.34, Land Sec 5.20, Legal Gen 4.07, Lloyds 4.33, Lonrho 2.92, Lucas 6.22, Marks Spencer 2.01, Metalßox 1.94, MidlandBank 3.72, NatWestßank 3.49, PandO 5.90, Philips 0.14, Pilkington 2.28, RTZ 5.64, RacalElect 2.39, RankOrg 8.32, RanksHovis 4.24, ReckittColman 12.77, Reedlntl 4.35, Reuters 10.37, Rollsßoyce 1.71, Rothmanslnt 6.52, RoyalßankScot 2.02, Royal Dutch 0.46, Royallns 5.24, Saatchi 2.57, Sainsbury(J) 2.52, Shell Transport 4.75, Smith Nephew 1.32, Stdßank 5.36, Std Cables 2.47, Sun All 3.18, TlGroup 4.19, Tate Lyle 2.78, Taylor Woodrow 2.92, ThornEMl 7.75, TrustHse 3.00, Turner Newell 2.05, Ultramar 3.58, Unilever 7.03, Utdßisc 3.57, Vickersord 2.10, Waterford 0.41. AUSTRALIA, N.Z. ANZBank 2.84, Bell 0.20, BHP 4.36, Bond 0.07, Brierley 0.67, CRA 5.30, CSR 2.46, Charterhall 0.10, ColesMyer 4.02, Dalgety 3.95, ElderslXL 1.05, FletcherC 1.55, IClAust 2.94, MIM 1.06, NatAustßank 3.31, Newslntl 3.20, NthßH 1.30, RenisonGold 4.18, TKM 1.23, Transport Dev 2.50, MC 3.22, Westpac 2.73.
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Press, 18 December 1989, Page 15
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497London near lows Press, 18 December 1989, Page 15
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