Brighter Aust. market
Activity brightened up on Australian stock exchanges yesterday and several stocks reached " new highs for the year.
Talk of another take-over bid for the coal and oil company, A.A.R., saw the shares rise 13c to 193 c after reaching 197 c at one stage. A.A.R. directors have told shareholders that C.S.R.’s bid of 175 c is too low. Other coal issues improved with Utah up 3c to 415 c, Coal and Allied 5c to
360 c, but Bellambi fell 10c to 950 c and White Industries 3c to 147 c.
Among the oils Santos rose 27c to 260 c as interest continues in the Pedirka Basin oil find in South Australia. Vamgas which has a small interest was steady at 40c. SYDNEY Industrials.—Amatil, 182; Ampol, 59; Ansett, 124; A.W.A., 136; Assoc. Sec., 43; A.N.Z., 317; A.G.C., 135; A.N.1., 116; 8.H.P., 574; Bundaberg, 336; Burns P., 201; Burns P. S.S , 315; Clyde, 132; Coal AU, 360; C.S.R., '298; Coles, 157; Comaico. 300; C.8.C., 162; C.1.G., 290; D.F.C., 188; E.M.1., 140; Email, 61; E.Z.1., 270; Elders. 185; Fairfax, 170; Acmil, 70; J. Hardie, 405; Hooker. 56; 1.C.1., 165; L.N.C., 150; Lend Lease, 250; Lifesavers, 121; Marrickville. 86; Mauri Bros, 67; Myers, 181; N.Z. Forest, 172; Petersville, 85; Pioneer Cone., 112; Sims. 88; Sleigh, 69; Sth Brit., 22; Swan. 137; Thiess, 230; Tooheys, 115; Tooth, 185; T.N.T., 108; Union Carb., 170; Waltons, 86: W’wths, 137. Mining, oil.—Assoc. Min., 110; B’ville. 90; B.H. South, 115: Cons Gold, 195: Cons. Rutile. 58; C.R.A., 252; Cudgen, 35: Emperor, 32; G.M.K.. 38; Hamerslev, 293; Kath. Inv., 170; M.1.M., 177; Peko-W., 484; Oakbridge, 148; Qld Min., 240; Tasminex, 25; Southland, 27; W.M.C., 129; Westralian. 17; Woodsreef, 8|; Pancontinental, 900; A.0.D., 85; Ampol Ex., 100; A. 193; Beach, 16; Bridge, 45; Genoa, 19; Oil Search, 8; Pexa, 110; Vamgas, 38; Woodside, 72. MELBOURNE Industrial.—Ampol. 59; Ansett, 125; A.N.Z., 316: A R C.. 90; Assoc. Pulp, 86; A.C.I . 153; A.P.M.. 112; N.S.W.. 485; Boral, 215; B. , 574; Comaico, 298; Bundaberg. 335: C.U.8.Z., 180: Coles, 157; C.S.R.. 300; C.8.A.. 265; Dunlop, 94; Email, 62; E.Z.1., 265; Acmil. 70; Hardie Trade, 165; Her-' aid, 217; Humes, 71; 165; j Jennings, 100: Mayne Nick , 145; McPhersons, 52; Nylex, 43; P. I Morris. 670; Myers. 183; Nat. Bk, 260; Olympic, 39; Petersville. 86; Repco, 131; Sleigh, 69: Smith! How., 410, Swan, 138; T.N.T., 108; I Uniroyal, 108. Mining, oil.—A.A R , 193. Aust, i Dev, 31; Basin, 4;, Beach, 16; 1
B.H. Sth. 115; C.R.A., 250; Hamersley, 295; Magellan 40; M.1.M., 177; Oil Search, 8; Renison, 520; Santos, 260; Southland, 26; South Pac., 32; W.M.C., 128.
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Press, 1 September 1977, Page 18
Word Count
434Brighter Aust. market Press, 1 September 1977, Page 18
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