Ebbett continues to firm
Although rises outnumbered falls two to one, share prices were mixed on New Zealand stock exchanges yesterday. The N.Z.U.C. industrial index eased 1.21 points and trading was moderately active. East Coast Gas, the newly-listed Hawke’s Bay natural gas supplier, was again widely traded for a gain of 5c to 80c, and Ebbett Waikato rose a further 5c to 260 c, putting it 20c above the cash take-over offer. Rights trading has begun for three leading companies—New Zealand South British, New Zealand Steel, and Winstone. The Steel rights fell a sharp 7c to 31c, but Winstone’s firmed 2c to 22c. The mining and oil sector, which accounted for about a third of the total market turnover, was mixed.
RISES
New Zealand
FALLS
New Zealand
Price Varn c c Allflex 402 2 ANZBank. . . . 505 5 Autocrat .... 440 5 Baillie 75 3 Bendon 402 2 CarterHolt ctb 360 10 Crown 170 2 DingwallP . . . 315 5 DWallace. . . . 83 1 Do, 84 nts. . 76 1 DRGNZ 95 2 EastGas 80 5 Ebbett 260 5 Ebos 185 5 EMCO pf 125 2 FTC 210 5 Do, pf 210 5 Hallenstein. . . . 400 10 HumeNZ 252 2 ICINZ 282 2 Intertas 160 40 JBurns 119 3 Kingsgate . . . . 62 4 LWR 148 3 MtCook pf. . . . 235 3 NZLL 82 2 NZRefining . . . 255 5 NZUnited xd . . 705 9 Optical 65 3 PDL 425 5 Progressive . . . 348 3 Do, new. . . . 343 3 RWHellaby. . . . 117 1 RobtJones . . . . 82 1 Skellerup 360 5 Spedding 72 4 WaitakiNZR. . . 287 2 WHorton 515 15 WNeill 114 2 Winstone 109 2 Do, new. . . . 102 4 Du, rts 22 2 YatesCorp . . . . 367 2 CueEnergy. . . . 57 2 Do, opts.... 34 1 NZGoldflds. . . . 90 5
Price Vam c c Andas 160 10 ABCables. . . . 430 10 Atlas 115 1 Brierley .... 385 3 Do, rts. . . . . 185 2 CooksWine. . . 94 1 CoryWS 16%pc pf 135 15 Endeavour. . . . 178 2 IndNews .... 400 5 IWDow . 215 2 LDNathan . . . 270 3 LionBrew. . . . 213 1 Marac . 295 5 McConnell . . . 235 5 NZCement. . . . 115 1 NZForest. . . . . 403 1 NZProp 102 1 NZSteel rts . . 31 7 Odlins 80 2 TNLGrp .... . 172 1 Visionhire . . . 160 2 MinRes 54 1 NZOilGas 100 xd ex dividend 1
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Press, 30 June 1983, Page 22
Word count
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360Ebbett continues to firm Press, 30 June 1983, Page 22
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