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Weak Australian market

Trading activity was subdued, and few leaders were able to show any progress on Australian sharemarkets yesterday.

The O.P.E.C. oil-price rise was not expected to bring any immediate benefits to indigenous oil producers. B.H.P. fell 26c to 754 c in Melbourne.

Hooker’s precipitous fall highlighted trading on the industrial boards. The stock fell 6c to 55c in turnover of 250,000 units. Sims stock units were traded in a special sale of 67,900 at 112 c, 2c above the market price. I The Wales was down, but i the National rose another 5c at 270 c.

Herald WT was up 7c to 195 c, but C.S.R., Waltons, [Comalco, and Tooth were Mown. Australian Guarantee eased 5c to 140 c. Peko-Wallsend lost 5c at 420 c, but E.Z. Industrie's firmed 5c at 285 c. Pancontinental lost 40c to 850 c, and Central Norseman lost another 5c at 235 c. Queensland Mines, Robe

River, North BH, W.M.C., and M.I.M. eased. Hamersley [shed 10c at 285 c. SYDNEY SALES industrial.—Amatil, 152: Ampol, 66; Ansett, 110; A.W.A., 121; Assoc. Sec., 40; A.N.Z., 345; A.G.C.. 140; A.N.1., 115; N.S.W., 530; B.M.L, 82; Boral, 175; Borg-W., 145; Brambles, 140; 754: Bundaberg, 345; Burns P„ 204; Burns P. S.S., 310; W. R. Carp., 112; Clyde. 103; Coal AIL, 166; C.S.R.. 360; Coles, 132; Comalco, 225; C.8.C., 185; C.1.G., 260; Cone. Mon., 135; Email. 55; E.Z.1., 285; Fairfax, 132: Acmil, 56; Fibre Con., 75; Hardie. 530; Hooker, 55; 1.A.C., 70: 170: D. Jones, 88; L.N.C., 169; Lend Lease. 230: Lifesavers, 160; Marickville, 50; Mauri Bros, 52: N.Z. Forest. 215: Oakbridge. 104; dims, 40: Pioneer Cone.. 110; Pye. 115; Rothmans, 175: Sims Con.. 110; Sleigh, 54; Soul, 435; Swan, 130; Taubmans, 110: Thiess, 210; Touheys. 101: Tooth. 159; T.N.T., 158: Union Carb., 165; Waltons. 69; W/wtlis, 119.

Mining, oil.—B/ville, 129; B.H. I Sth, 115; Abminco, 38; Com' Min.. 1

243: Cons. Rutile. 70; C.R.A., 305; Cudgen, 30; Eastmet.. 20; Hamersley, 285; M.1.M., 240; Peko-W., 420; Qld Min.. 152; Robe River. 122; W.M.C.. 163; Woodsreef, 15; Allodev.. 7; Ampol Ex., 108; A.A.R., 95; Bridge, 29: Oil Search, Timor, 4: Vamgas, 25; Woodside-8., 115. MELBOURNE SALES Industrial.—A.N.l., 115; Ampol, 66; Ansett, 110; A.R.C., 86; Assoc. Pulp. 75; A.C.1., 148; A.P.M., 123; N.9.W., 524; Borla, 170; 760: Comalco. 225; C.U.8.Z., 170; Coles, 131; C.S.R., 362; Nylex, 33; Myers, 200; Nat. Bank, 272; Nat. Cons., 120; News, 190; Olympic, 42; Overseas. 122; Petersville, 72: Repco, 126; Rocla, 72; Sleigh, 55; Smith How., 340; Swan, 130; T.N.T., 158; Wehl, 170. C.8.A., 258; Com. Union. 43;, Containers. 145; Dunlop, 96; Email, 55: Acmil, 56; Gerrard, 255; Hooker, 55; Humes, 70; 1.C.T., 172; Jennings, 120; H. Jones. 52; Kauri. 26; Me-! Rwraith, 100; McPhersons, 46. I

Mining, oiI.—A.A.R., 95; Beach, Hl: B.H. Sth, 115: Cent. Norse, 1235: C.R.A., 300: Hamersley. 282; Utah, 480: Metals Ex., 36; M.1.M., 240; Renison, 740: Santos, 130; Southland, 29; W.M.C., 162.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19761218.2.139

Bibliographic details

Press, 18 December 1976, Page 18

Word Count
482

Weak Australian market Press, 18 December 1976, Page 18

Weak Australian market Press, 18 December 1976, Page 18

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