Profit-taking Impedes Australian Markets

Press, Volume CIX, Issue 32219, 11 February 1970, Page 17

Profit-taking Impedes Australian Markets

After a strong opening, shares were subjected to heavy profit-taking on Australian 1 i stock exchanges yesterday and most closed at I the worst levels of the day.

Poseidon was one of the few to move against the trend, adding 500 c at 27.500 c, after a bullish report by a London broker. Samin rose 100 c to 2600 c. Mount Isa. which began well in response to higher profits, fell back to close unchanged at 1580 c. Oils were mixed: Beach rose 35c to 440 c in anticipaI tion of the Maui results to be j announced next week Industrials were firm. Slater Walker closed 5c up at 495 c—below its best. B.H.P. and C.S.R. were steady.

SYDNEY >j Sales. —Amal. Chem.. 39; Am 1 pol. 108; Ansett, 92; A.W.A., '175: Ass. Sec., 200; A.N.Z. 650; • A G. Corp., 192; A.N.1.. 79; N.S.W.. 690; Blue Metal, 160; Borg Warner, 220; Bramble, 245; Brit. Tob., 310; 1600: ■ Burns Philp. 425: Carpenter, 240; Clyde. 100; Coal Allied, 220; ’ C.S.R.. 738. and rts. 522; 'C A.G.A.. 255: Com. of Syd., 232; Cone. Ind.. 90; Custom Cr.. 170, Dickson. 170; E.Z.1., 450: Elders, 220: Fairfax. 208: Fairymead, 182; F and T Ind. 119: Fibre Con.. 200: Hanimex. 155: Hooker, 88. and rts. 40: 1.A.C.. 143: D Jones. 139: Kolotex. 520: L.N.C., 125: Lend Lease. 335: Lifesavers. 180; Lindeman. 435: Marrickville. 109: Mauri. 139; Miller. 190: Newbold, 130: News, 282: Nutt and Mud . 360: Olims, 103: Peko, 1310: Penfold. 330 P.G.H. Inds., 113: Pioneer Cone., 185: Pioneer Sugar 208; Pub-; Ushers. 162; Qld Ins. 450; Slater 495: Sleigh. 83: Taubmans, 89 Thiess. 490: Toohevs. 127; Tooth,630; T.N.T. 230; Union Carb.,! 694: Waltons. 114; Wilcox. 64; > Wool worths. 110. Mining, Oil.—Al state, 160; As-1 soc. Min.. 850: B.H. Sth. 516; ; Carr Boyd. 780; Cleveland Tin,I 125; Com. Min.. 445: Cons. Gold,) 1000: Cons. Rutile, 380: C.R.A., 2370; Cudgen. 340: Eastmet. 450; Emperor. 150; G. M. Kalg., 130; I Great Northern, 75; Hamersley,! 1630. Hill 50. 240; Kambalda. 50: Kathleen Inv.. 520: Laverton Nickel 500: Mallina, 259: Mt Isa. 1620: New 8.H.. 1800; Nth Flinders. 860; Nth Deb.. 544; Northern Mining, 112; Paringa. 200: Placer, 4200; Planet Min., 74: Project Min., 360. Poseidon. 27.500: Qld Mines, 980: Samin. 2600: Survey Min.. 205: Seaman der 300: Tasminex. 2150: VAM., 490; Western Min.. 1510; WestraItan. 69. and rts. 28: Allodev., 48: Ampol Ex.. 225; A.A.0., 165; A.0.G.. 135. and rts. 72; Beach. 440: Bounty, 17; Clarence, 20: Exoil. 82: Genoa. 23; Longreach, 36: Mideast 58: Oil Search, 55; Pex. 23. and rts. 11; Planet. 30: Timor. 75: Vamgas. 40: West Moreland, 98; Woodside, 96.

MELBOURNE Sales.—Ampol. 104; Ansett, 92; A.R.C., 134; Assoc. Pulp. 170; A.C.1., 216; A.K. Cement, 96; A. 182; N.S.W. 688; Boral. 190: 8.H.P., 1605; Carlton, 430 and Z, 440; Cast. Perk., *820; Carrier, 76; Coles, 109; C.S.R., 726; C.8.A., 230; Com. Union, 210; Containers. 175; Cyclone, 130; Dunlop, 186; Email. 95; E.Z.1., 454: Feltex, 117: Gerirard 305; Gollin, 85: Gordon ;Gotch. 160: G.U.D. Hold., 380; : Healing, 11; Herald, 312: Hooker, 87; Humes, 225: 1.C.1.,'A.N.Z., 220: Jennings. 150; M. B. John, 165; H. Jones, 230; Kelvinator, 120: Mayne Nickless. 160: Mcllwraith, 98; McPhersons, 60: Minster. 93; P. Morris. 770; Myers. 390: Nat. Bank, 267: Nat. Consol.. 158: News, 275; Nylex. 145; Olympic, 78: Overseas Corp., 210: Petersville. 38: Repco, 180: Rocla, 205: S.A. Rubber, 90: Sleigh. 82. H. Smith. 310: Swan. 275: T.N.T., 230: Wehl, 106. Mining, 0i1.—A.A.0., 160: Aust Dev.. 470; Basin, 14: Beach. 443. and 10c pd. 380; Bounty Oil, 17 | and opts, 9J: B.H. Sth, 508: C. Norseman. 450; Cons. Gold, 990. C. 2350: Gt Boulder, 560: Hamersley, 1610: Interstate, 65: Lake View. 450: Loloma, 430: Magellan, 300: Metals Exp., 800: Mt Isa. 1500: Mt Lvell, 270: New B.H. 1850; Nth 8.H., 1020: Oil Search. 53: Petromfn.. 90; Reni"on. 1100: Santos, 255; Silver Valley, 145; Southland, 1020; Sth Pac.. 85; West. Min., 1500: W • Titan, 650. Ensign Holdings, Ltd, MelI bourne-based industrial launderer and dry cleaner, lifted I sales by 23 per cent in the I half-year December 31.