SLACK TRADING ON DECLINING MARKET
Turn-over was low on the New Zealand stock exchanges yesterday. Falls outnumbered rises four to three. Key stocks were also weak. There was no sign of a market pattern.
There was more quotations chalked on the new overseas board than on Monday, and this section attracted increased interest. Today’s quotation list takes in this new board with quotes in overseas currency.
Bank of New Zealand Finance at Ils lOd and Fletcher at 19s each rose Id. A sale of fully-paid New Zealand Sea Products was made at 4s in Dunedin—up 3d. N.Z. Forest Products rose 2d to 24s 8d and Motor Holdings, on higher dividend news, rose Is to 15s 3d—the highest level since listing and 3d above issue price.
New Zealand Insurance at 23s 6d, 1.C.1. (N.Z.) at 19s lid and Woolworths at 11s lid each fell Id; K.P.G. fell Id to 5s Bd, its lowest point since the merger.
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Press, Volume CVI, Issue 31098, 29 June 1966, Page 21
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156SLACK TRADING ON DECLINING MARKET Press, Volume CVI, Issue 31098, 29 June 1966, Page 21
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