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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 17, 1972
Page
5
The market shows scattered gains in mining shares and industrials while overall turnover remains light. Energy and financials move, with notable activity in Australian listings and a stronger oil market lifting related stocks.
Stock prices on the Sydney Exchange show a modest rise as Wall Street advances. Analysts note a broad-based uptick with several sectors contributing to the gain, while traders await economic data and corporate results for further direction.
Market report notes oil index up 4.43 points to 159.51 amid heightened trading in mining shares. Investors track energy movements and seek gains from sector rotation as prices fluctuate across the commodity complex.
Banks reported high lending levels in the latter half of 1971. Major trading banks approved loans rising from 970 to 1190 million in the period, with residential and commercial financing increasing. Industry observers note stronger lending activity across manufacturing and mining sectors, while overall commercial financing fell slightly from the prior year.
Mr R J Mogan named general manager of Canberra Holdings Pty Ltd, bringing long local industry experience to the group. He joined the company in 1909, rising to project manager before being appointed to lead operations in Canberra.
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