London market firm
Share prices on the London Stock Exchange firmed last week, but closed on Friday below their best. Trading was quiet on end-of-account considerations. On Tuesday the FT index reached a record 732.6 before closing at 731.4, but the next day prices fell sharply as sentiment was hit by the 1.25 percentage point rise in the home loan rate recommended by U.K. building societies. The index closed on Friday at 726.1, a recov-
ery of 5 points since Wednesday. P and O fell 17p on the week after referral to the U.K. Monopolies Commission of Trafalgar House's bid. but Trafalgar gained 16p. Gold shares made strong gains during the week, and oils were also strong. Closing prices on Friday of a selection of issues were:— Ampol, 88%; ANZ, 247%;
BHP, 470; Dalgety. 344; Elder Smith. 207%; Fletcher. 89%; North BH. 166; Plessev, 753%; Renison. 244; RTZ reg. 571% and bear, 587; Transdev, 96%: West Mining, 255%; Westpac. 157%; BAT. 154; Distillers. 239; Glaxo. 920; ICI, 514; Lloyds Bank. 560; Marks and Spencer, 199; P and O, 197; Prudential ‘A,’ 420; Reed Int, 318; Shell Transport. 600; Unilever, 770; War Loan, 36%; De Beers. 930 (quoted in U.S. dollars).
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Press, 27 June 1983, Page 24
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200London market firm Press, 27 June 1983, Page 24
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