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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 18, 1964
Page
5
Sydney based bank data show advances edging lower with total lending around £17.8 million in July. The Australian National Bank association reported a peak in activity earlier, while overall figures for the market remained subdued at 1,14641 million.
The Sydney Stock Exchange saw broad gains as the market closed higher. Investors shifted into various sectors with television, tobacco, and mining stocks contributing to a positive day while government securities and deposits fluctuated.
Markets across Melbourne Brisbane and Adelaide steadied after recent gains with uneven easing. Traders noted varied inflation signals and energy price moves with listed assets showing modest firming in early trading, while bonds and currencies reflected thin volumes and cautious sentiment.
The report shows uneven settlement figures with several stocks moving in varied directions. Traders note fluctuating demand in industrials and utilities as prices oscillate amid low volume and mixed macro signals.
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