London market
Share prices on the London Stock Exchange were easier last week, in reaction to Wall Street’s weakness, the fall of sterling, and the Prime Minister’s comments, which dampened hopes of a reflationary budget because the fall in North Sea oil revenue has limited scope for any concessions, dealers said. The half point clearing bank base rate reductions to 13¥a per cent had little impact, dealers added. A comment from ICI, saying that it had no firm evidence of a sustained improvement in demand this year, which accompanied
1981 results, and fairly large institutional selling, cut short an opening rally, prompted by the rise on wall Street, Trading in Australian shares was subdued. Closing prices on Friday of a selection of issues were:— Ampol, 80; ANZ, 234%; NSW. 158%; BHP, 492; Dalgety, 326%; Elder Smith, 250; Fletcher, 90; Nth BH, 137%; Plessey, 352%; Renison, 155; RTZ ord., 433% and regd. 433%; Transdev, 76%; West Mining. 211%; BAT. 431; Distillers, 169; Glaxo. 476; ICI, 328; Lloyds Bank, .488; Marks and Spencer, 139; P and O, 126; Prudential “A," 232, Reed hit, 266; Shell Transport, 346; Unilever, 651; War Loan, 29; de Beers. 610.
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Press, 1 March 1982, Page 24
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193London market Press, 1 March 1982, Page 24
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