NARROW RANGE IN PASSIVE TRADING
Trading started quietly in a week shortened by the Queen’s Birthday holiday. Stocks were inactive over a narrow range, and the market was passive.
Both the New Zealand and overseas lists were in balance and most moves were narrow. Most changes were by second-rank stocks, while leaders did bettei’ than the rest of the market.
B.H.P. jumped Is 3d to 51s 6d—its highest point since 1962 reflecting the firmer market in Australia reported yesterday. M.K.M. rose lOd to 6s 6d and Phillips and Impey 9d to 12s, while Wright Stephenson at 30s and Alliance Textiles at 10s each rose 3d. South British at 29s 6d and U.E. Box at 10s Id each lost Id.
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Press, Volume CVI, Issue 31080, 8 June 1966, Page 21
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119NARROW RANGE IN PASSIVE TRADING Press, Volume CVI, Issue 31080, 8 June 1966, Page 21
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