Australian markets still unsettled

Press, 17 September 1976, Page 16

Australian markets still unsettled

Australian sharemarkets closed on a generally unsettled note in quiet trading conditions yesterday. Poseidon shares crashed once more, in the wake of the preliminary final report.

The stock had soared to 130 c earlier in the day, but fell back quickly to 92c. Elsewhere, the market remained unsettled. PekoWallsend fell 12c to 55c, and Pancontinental 40c to 1210 c. North 8.H., A.M.S., Hamersley, Kathleen, were all sold lower.

Consolidated Gold dropped 15c to 260 c, but Western Titanium and Associated Minerals were sharply higher on the quotes. Woodside-Burmah firmed 3c at 121 c, but was outpaced by Ampolex, which advanced 7c to 130 c.

Among the industrials, Waltons plunged 10c to 90c on the sharp profit downturn, but Tooth leapt 13c to 188 c. Tooheys, Philip Morris, the National Bank, and C.S.R. moved to higher ground, but Myers, the Wales, and Hooker were depressed.

E.Z. Industries retreated 15c to 360 c, in sympathy with Peko-Wallsend. B.H.P. showed a meagre 2c gain at 876 c. SYDNEY SALES Industrials.—Amatil, 162; Ampol Pet., 69; Ansett, 117; A.W.A., 103; Assoc. Sec., 41; A.G.C., 186; A.N.1., 115; N.S.W.. 536; Boral, 215; Brambles, 175; 8.11.?.. 876; Bundaberg, 420; Burns P., 242; W. R. Carp., 135; Coal All.. 230; C.S.R.. 497; Coles 152; Comaleo, 230; C.8.C.. 183; C.1.G., 265; Cone. Monier, 148; Email, 63; E.Z.1.. 360; Elders, 210; Fairfax. 161; Fibre Con.. 68; Hanimex, 155; J. Hardie 600; C. J Hooker, 107; 1.A.C.. 88; ICI Aust., 172; D. Jones, 115; L.N.C., 200; Lend Lease 290; Lifesavers. 112; M.L.C., 275; Marrickville, 68; Mauri Bros, 60; Myers, 245; N.Z. Forest, 230; News, 230; N.Z. Ins., 200; Penfolds, 103; Pet. Chemicals. 32; Petersville, 31; Pioneer Monier. 115; Pioneer Sugar, 395; Pye. 110; Rothmans. 195; Sims, 180; Sleigh. 62; Swan Brew., 130; Taubmans, 97; Thiess. 235; Tooheys 130; Tooths, 188; T.N.T., 180; Union Carb., 185; Waltons, 90; Woolworths, 131.

Mining, oil.—Bougainville, 136; B.H Sth, 205; Com. Min., 250; Cons. Gold 260; Cons. Rutile, 78; C.R.A., 310; Eastmet, 22; Emperor 38; Gt North, 60; Hamerslev. 235; Kath. Inv,, 157; Mallina,

17; M.1.M.. 245; Paringa, 17; Peko, 558; Project Min.. 14: Poseidon, 92; Oakbridge, 105: Qld Min., 260; Robe River, 120: Tasminex, 30; Southland, 180: W.M.C., 179; Westralian, 35: Woodsreef 13; Allodev.. 80; Ampoi Ex.. 130: A.A.R., 112; Oil Search. 14; Pexa 34; Timor. 5; Woodside 121.

MELBOURNE SALES

Industrials.—A.N.l., 115; Ampol, 68: Ansett, 115; A.R.C.. 100; Aust. Fert., 84; Assoc. Pulp, 98; A.C.1.. 157; A.P.M.. 152; N.S.W., 536; Boral, 215; 8.H.P., 880: Comalco. 230; C.U.B. Z, 205; Coles, 151; CSR. 498; C.8.A.. 300; Dunlop, 117: Email, 64; E.Z.1., 360; Acmil 81: Gerrard, 278; Gordon G. - 125; G.U.D.. 155; Hardie Trade, 230: Herald, 212; Hooker, 106; Humes. 122; ICI Aust., 172; Jennings, 150; H. Jones, 60; Mayne Nick.. 172; McPhersons, 55; Nylex, 45; P. Morris. 880; Myers. 245; Nat. Bank. 308; Nat. Cons.. 123; Olympic. 51; Overseas, 168; Petersville, 32; Repco, 136; Rocla. 91; Sleigh. 62; H. Smith. 405; Swan, 130; T.N.T., 177; Wehl, 170.

Mining, oiI.—A.A.R., 114; Basin. 9; Beach, 15; B.H. Sth, 205; Cons. Gold, 262; C.R.A.. 310; Hamerslev. 234; Utah, 450; Metals Ex.. 65; M.1.M.. 242: Mt Lyell, 62: Oil Search 13: Renison, 700; Santos. 143; W.M.C., 179.