Trading conditions buoyant in New Zealand this year
London Wednesday AAP reports buoyant trading conditions in New Zealand with improved meat and wool prices. National Mortgage and Agency Company of New Zealand chairman Lord Glenelg spoke at the annual meeting noting favorable prospects and a Centennial dividend. The statement highlights higher prices, steady demand, and an optimistic outlook for the season with uplift in earnings expected.
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Sydney Stock Exchange opens new system debut
Sydney's computer Hie chairman at the Sydney Stock Exchange, Mr. 8. H. Kirquiner, introduced a wide late delivery a new ISS.000 system, aiming to make Sydney Sin Exchange a leading learning exchange in their field.
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Garment firm prospects praised amid cautious outlook
Sydney reports Mr J W L Crane of a garment firm declaring the current year’s orders solid and sales improving while factories plan continued capital investment. He noted demand rising, plant upgrades underway, and the overall outlook described as very good despite noted fluctuations in some sectors. He cautioned by year end the industry faces inflation and cost pressures.
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Sydney Exchange Closing Prices Amid Market Slump
In Melbourne trading, shares fell further with heavy turnover as over 24 000 shares changed hands. Industrial weakness drove declines at Mt Isa and Mt ESR while sector components like sugar and milling showed lower bids.
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