Oil shares prominent on quiet Aust. market

Press, 30 December 1976, Page 8

Oil shares prominent on quiet Aust. market

Oil shares stood out prominently in a quiet trading session on Australian stock exchanges yesterday. Observers said that traditionally the last trading week of the year is quiet and subdued, with most investors and traders away on holidays. Today will mark the last full day of trading before the end of the year, and the ! market will close at noon to- ' morrow.

Under the current low level of trading, the performance of Santos, WoodsideBurmah A.A.R. and Ampol Exploration attracted keen attention. Observers attributed this to last week’s agreement between the 10 Cooper Basin producers, and reports that oil exploration will more than double next year.

Santos gained 15c to 145 c, while A.A.R. and .WoodsideBurmah advanced 5c each in sympathy.

~ Central Norseman was another bright spot, rising 15c to 255 c. Peko-Wallsend, W.M.C. and Thiess recorded rises of up to sc. However, Bougainville. B.H. South, North B.H. and Cons. Gold were easier.

B.H.P. closed with an 8c gain at 744 c, but the Wales retreated 4c to 496 c. The National was well supported, closing with a 5c improvement at 265 c, and Amatil and ICI were marginally better. SYDNEY SALES Industrial. — Amatii. 158; Ampel. 66; A.W.A.. 126; Assoc. Sec., 41; A.N.Z., 335; N.S.W.. 496: Brambles. 140; 8.H.P.. 744; Burns P., 205; W. R. Carp.. 114; Clvde, J 03; Coal All., 170; C.S.R., 365; Comaleo. 213:; C.8.C.. 187; Cone. Mon., 130; Email 112; Fairfax, 130; Hanimex. 80: Hardie. 520; Hooker, 70: 1.A.C., 70; ICI. 170; D. Jones, 97; Lifesavers. 99; MarIriekville 51; Mauri Bros. 57; N.Z. Forest. 215; Oakbridge. 99; Petersville, 73; Pioneer Sugar, 150; Sims Con.. 105; Soul, 430; (Sth Brit., 212; Thiess. 203; Toohevs 105; Tooth. 160; T.N.T., 160; Waltons. 68; W’wths, 117. Mining, oil. —B’viile, 120; B.H. Sth 107; Carr Boyd. 6; Abminco, 35; Cons. Gold 146; Cons. Rutile, 7J; C.R.A. 295; Cudgen, 27; G.M.K. 26; Hamerstey, 280; Hill 50 Goid 7; M.1.M., 232; Peko-W., 430;Q1d Min., 150: Southland, 26; WM.C. 159: Westralian. 24: Woodsreef 14; Ampol Ex.. 110; A.A.R. 95; Beach. 12; Bridge. 30; loil Search 7J; Woodside-8,. 117.

MELBOURNE SALES Industrial.—Ampol. 65: Ansett, I 108; Assoc. Pulp. 73; A.C.1.. 145: A.P.M., 120; N.S.W.. 494: 8.H.P.. 740; C.U.B. Z, 165; Coles. 132; C.S.R. 365; C.8.A., 255; Dunlop, 96; E.Z.L. 285: Acmil, 56; Gordon G.. 118; Herald, 190; Hooker, 70; ICI. 168; Jennings, 115; H.

'Jones. 65; Mayne Nick.. 145; McI Pliersons. 48; Myers. 195; Olymi pic. 43; Petersville. 72; Repco, 1126; Rocla, 68; Sleigh, 55; Smith I How., 355; Swan. 125; Weh.l, 170. Mining, oil.—A AR.. 95; Beach, ,112; B.H. Sth. 107; C.R.A.. 295; . (Hamersley. 282; Utah, 480; Magellan. 45; Metals Ex.. 35; M.1.M., ■ 232; Mt Lvell 30; Oii Search 9; J Santos. 140; W.M.C.. 158.