Selling presure intensifies

Press, 24 February 1977, Page 18

Selling presure intensifies

■ Selling pressure intensified: on Australian stock ex-: changes yesterday, sending ! share prices to sharply I lower levels in most sectors! of the market. Observers said the record I rise in the consumer price 'index weighed on trading sentiment. Most of the recent gains ! [were pared, and B.H.P. fell 12c to 662 c, and Pan-, continental 36c to 864 c. Sugars were among the], .most vulnerable, on reports?: of a world sugar glut and' the lack of progress in the!' Tokyo price talks. Bun-1. .daberg and Pioneer Sugarp lost 10c each, while CSR: ended the day 5c easier. ; P e k o-Wallsend, Utah,j ( Renison, Comalco, A.N.Z., , I the Wales and A.C.I. were!’ others to lose sharply. T I.A.C. Woolworths, Herald,: W.T, and Hooker showed!’ ' marginal gains. Thiess was I ? 3c dearer at 188 c and Ocean j Resources, Hamerslev and t C.R.A. firmed. ' I ■ i I SYDNEY SALES ’ Industrial.—Amatil, 146; Ampol.il 61: Ansett, 115; A.W.A., 132:!' I Assoc. See., 38: A.N.Z.. 315; 1 A.G.C.. 129; A.N.1., 119; N.S.W.. 1460; 71; Boral, 178;|I Brambles, 145; 8.H.P.. 665; ( Bundaberg, 315: Burns P„ 195:: I W. R. Carp., 115; Clyde. 114; 2 Coal All., 151; C.S.R., 332: Coles, | ‘ ■133: Comalco, 240; C.8.C., 161: IV

I C.1.G., 277; Cone. Mon., 135: ' ' Email, 55; E.Z.1., 260; Elders, 210: [Fairfax, 143; Acmil. 69; Hardie,! 520; Hooker. 60; 1.A.C., 61; 1.C.1., I 1170; D. Jones, 92; L.N.C., 180: i 'Lend Lease. 209; M.L.C., 220;' I Mauri Bros, 55; Myers, 185; N'.Z.: I Forest, 200; News, 160; Oak-' bridge, 106; Pioneer Cone., 16; Protector, 62; Rothmans, 185; Sims Cons., 102; Sleigh, H.C., 53; Swan, 131; Taubmans,, 91; Thiess. 188; Tooheys, 105; Tooth, 145; T.N.T., 155; Union Carb., 160; Waltons, 65; Wwths, 111. Mining, oil.—Assoc. Min., 160: B’ville, 124; B.H. Sth, 120; I Abminco, 40: Cons. Gold, 181; G.M.K., 21; Hamerslev, 278; Hill 50 Gold, 5: Kath. Inv., 92; M.1.M., 1240; Peko-W., 450; Qld Min., 147; ' Robe River. 105; Southland, 102; . W.M.C., 142; Westralian, 23; ' Woodsreef, 13; Allodev, 65; A.A.R., 76: Oil Search. 95; Vamgas, 26; Woodside-8., 120. MELBOURNE Industrial.—A.N.l., 120; Ampoi, 61; A.R.C., 98; Assoc. Pulp. 90; A.C.1., 142; A.P.M., 140; N.S.W., 460; Boral, 178; 662; Comalco, 235; Bundaberg, 310; C.U.8.Z., 162; C’maine, 360; Coles. 134; C.S.R., 330; C.8.A., 250: Containers, 140; Dunlop, 97; Email, 55; E.Z.1., 260; Acmil, 68; Flexdrive, 110; Gordon G., 120, Herald. 198; Hooker, 61; Humes, i 65; 1.C.1., 170; Jennings. 120; 1 Kelvinator, 80: Mcllwraith, 105; McPhersons, 50; Nylex, 38; P. Morris, 800; Myers, 183; Nat.' Bank, 240: Nat. Cons., 117; I Olympic, 40; Overseas. 132; : Petersville, 74: Repco, 130; Rocla, : 70; Smith How., 340; Swan. 132; . T.N.T., 155. Mining, oiI.—A.A.R.. 75; Cent. Norse, 260; Cons. Gold, 180: j ; C.R.A., 302; Hamersley, 278; Utah, 445; Metals Ex., 27: M.1.M., . 240; Oil Search, 95; Renison, 860; i Southland. 27; South Pac., 17; W.M.C.. 143. ,1