Easy tone in London
Share prices eased on the! London Stock Exchange last! week, on small selling in! quiet trading, as investors! continue to stand on thej sidelines. Operators were specula-[ ting that the next account, which starts today and runs into the General Election, will see some renewed de-' mand. Leading Australian shares! in London fell sharply as the weak general conditions! on home markets made themselves felt. Heavyweight miners and industrials took the brunt of the falls, which echoed through other miners, bank stocks, and retailers. Closing prices of Australian shares quoted on the London market, with approximate conversions at the Australian investment dollar premium rate of 1.5317 (as quoted by a banking source) were:— Ampol. 434; A.N.Z., 259 J; N.S.W. 213 J; Nth 8.H., 1011; 620; B.H. Sth. 841; Coles, 134; C.8.A.. 1561; Cons. Gold. 225: C.R.A.. 219: C.S.R.. 230: E.Z.1., 205: Hamersley. 1652; tCI Aust., 1351; 2051: Myer. 104;
National 146\; Oakbridge, 91; Pancontinental 625; Peko. 338; Waltons, 45; West. Mining 144 X: W’wths. 94.
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Press, 23 April 1979, Page 20
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169Easy tone in London Press, 23 April 1979, Page 20
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