Story: Stock market

Oil rush, 1983

Oil rush, 1983

In July 1983 the separate stock exchanges came together in a national exchange. Four months later the arrival of several oil rigs in New Zealand waters to investigate possible oil deposits led to speculation in oil stocks. Here, crowds peer through the windows of the stock exchange in Wellington, unable to get into the overcrowded viewing gallery.

Using this item

Alexander Turnbull Library, Dominion Post Collection (PAColl-7327)
Reference: EP/1983/4685

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

David Grant, 'Stock market - Towards a national exchange, 1950–1984', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/23686/oil-rush-1983 (accessed 14 November 2019)

Story by David Grant, published 11 Mar 2010