Share Market Holds Precarious Balance
Holding in precarious balance yesterday, the share market ranged quite widely on a good turn-over. Key stocks did not sell quite so well as other stocks, and showed twice as many 7 falls as rises.
Most moves were narrow, but among the rises K.P. Drug, up Is 3d at 44s 3d, and N.Z. Insurance, up 6d to a peak for the year of 23s 6d, stood out South British gained 2d to 30s 6d. Ross and Glendining continued climbing to gain 3d to 14s 9d and United Empire Box shares, at 11s 3d, and the 1968 notes, at 10s, each firmed 3d. Prominent among the falls were Golden Bay, down 2s 3d to 13s, and Wilson Cement down 9d to 22s ex dividend. Dominion Breweries at 17s, Fletcher at 19s, Hay’s at 18s 9d and Winstone at 42s 3d fell 3d each. A penny each was lost by K.P.G. at 5s- lOd, General Foods at 15s lid, J. Wattie at 18s lid, N.Z. Forest Products at 24s 6d and Woolworths N.Z. at Ils lid.
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Press, Volume CVI, Issue 31094, 24 June 1966, Page 14
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179Share Market Holds Precarious Balance Press, Volume CVI, Issue 31094, 24 June 1966, Page 14
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