Sellers weaken firm Australian market

Press, Volume CXVI, Issue 34127, 13 April 1976, Page 26

Sellers weaken firm Australian market

Although firmer earlier, Australian sharemarkets showed signs of weakening towards the close as sellers began to dominate trading yesterday.

B. fell 6c to 744 c and T.N.T., Hooker, Tooth, Myers and Horizon eased. Australian Guarantee slumped 10c to 180 c, but C.S.R. Penfolds, Coles, Jennings and Elders G.M. moved ahead. Comalco rose 7c to 182 c and E.Z. industries 10c to 360 c. A special sa,le of 219,832 Selby shares at 125 c attracted attention on the Sydney Stock Exchange. The price was 15c above current market levels. Among the miners, iron ore producers Robe River and Hamersley were strongly supported on expectations of a firming of demand by the end of this year, and each closed 5c better. C. Bougainville, Poseidon, Mt. Lyell and Emperor rose up to 5c each, but Utah, Queensland Mines, Peko-Wallsend and M.I.M. eased. Although Utah was depr-

essed, coal and allied, untraded since last Tuesday, rose 22c to 230 c.

lan, 51; Metals Ex., 49; M.1.M., 255; Mt Lyell, 85; 011 Search, 16; Silver V., 12; Southland. 38; W.M.C., 163; West Titan, 159.

SYDNEY

Industrial.—Amatil, 184; Axnpol, 58; Ansett, 106; A.W.A., 106; Assoc. Sec., 46; A.G.C., 180; A.N.1., 105; N.S.W., 620; 8.M.1., 106; Boral, 203; Brambles, 164; 744; Burns, P.. 232; W. R. Carp., 132; Clyde, 140; Coal AU. 230; C.S.R., 329, and rts, 381; C.A.G.A., 220; Coles, 138; Comalco, 182; C.8.C., 205- Cone. Mon., 108; Email, 68; E.Z.1., 360; Elders, 211; Fairfax, 150; F and T, 80; Hanimex, 170; Hardie, 495; Hooker, 115; 1.A.C., 101; ICI, 176; L.N.C., 153; Lend Lease, 300; Mauri Bros, 83; Myers, 223; Oakbridge, 72; Odims, 50; Paynter, 130; Penfolds, 118; Pet. Chem., 32; Petersville, 38; Pioneer Cone., 125; Pioneer Sugar. 390; Rothmans 246: Sims Con., 163; Sleigh, 52; Soul, 540; Sth Brit., 190; Swan. 142; Taubmans, 88; Thiess, 220: Tooheys, 140; Tooth, 163; T.N.T., 145; Travelodge, 32; Union Carb., 210; Waltons. 106.

Mining, oil. —Allstate, 12; Assoc. Min. 305; Beaver Exp., 11; B’ville, 130; B.H. Sth. 170; Cons. Gold, 240; C.R.A., 285; Cudgen, 44; Eastmet, 35; Emperor, 49; G.M.K., 40: Hamersley, 197: Kath. Inv., 144; M.K.U.. 70; M.1.M., 255; Peko-W., 560; Planet Res., 40; Project Min., 90; Poseidon, 175; Qld Min. 240; Robe River, 105; Southland. 38; W.M.C., 163; Westrallan. 37; Woodsreef, 8; Amped, Ex., 85; A.A.R.. 97; Beach, 17; Oil Search. 17; Pexa, 25; Timor, 4; Woodside-8., 95.

MEIJiOURNE Industrial—ANl, 105; Ampol, 59; Ansett. 106: A.R.C., 95; Assoc. Pulp. 83; A.C.1., 138; A.P.M., 129; N.S.W., 820; Boral, 200: 8.H.P., 746; Comalco, 182; C.U.8.Z., 210; Coles. 138; C.S.R.. 392; Dunlop, 108: E.Z.1.. 355: F. and T„ 80; Gollln, 14: Gordon G-, 165; Hardie Trade. 105; Herald, 210; Hooker, 115; Humes, 105: 1.C.1., 177: Jennings. 140; H. Jones. 85: kauri, 40; Kelvinator, 95: Mayne Nick., 180; McllwraHh, 108; McPhersons. 61: Nylex. 58: P. Morris. 890; Mvers, 2’5; Nat, Bank, 2R5: Nat. Cons. ■ 118: News, 180; Olvmpic, 59; Overseas, ’RO' Petersville. ?9; Repco, 125; RoHa. 100: Sleigh, S’: Swan, 142; T.N.T., 146; Wahl. 155.

Mining, oiI.—A.A.R.. 98: Basin, 5: Beach, 17; B.H. Sth, 170; Cent. Norse, 110; Cons Gold, 235: C.R.A., 2«5; Hamersley, 200; Utah bonus, 350 and del, 345; Uagel-