Weaker market in Australia
Gold stocks attracted buying interest ip otherwise weaker markets 'in Australia yesterday. Industrial shares were lower, and there was a barely steady market for the mining leaders.
B.H.P. eased 4c to 528 c on continuing problems with its E.E.C. steel sales. The Bank of New South Wales gave up another 4c to 526 c, and other banks were generally weaker, where changed. Building, brewing, retailing, and second-line stocks moved lower. Brokers said that the onset of the seasonal taxdrain was keeping buyers out of the market. Coals, uraniums, and oils moved lower. Pancontinental dropped 80c to 990 c in Melbourne on • criticism of the company’s environmental-im-pact statement. Base metals miners were mixed, but C.R.A., and Bougainville were firmer. Central Norseman closed steady at 930 c after a strong rise in morning trading along with other gold stocks.
SYDNEY SALES
Industrials.—Aemil, 72; Amatil, 228; Ampol, 73; Ansett, 150; AWA. 178; Assoc Sec, 50; ANZ, 336; AGC 165; ANI, 149; BNSW, 526; BMI, 98; Borai, 218; Brambles, 180; BHP, 530; Bundaberg, 360; Burns P, 215; W. R. Carp, 145; Clyde 142; Coal All, 382; CSR. 275; Coles. 186; Comalco 295; CBC, 175; Courage, 35; CIG, 262; Cone Mon,
170; CourtaiUds, 50; Email, 91; EZI, 190; Elders 192; Fairfax, 166; Hanimex, 125; Hooker 72; ICI, 203; D. Jones, 102; LNC. 167; Lend Lease, 245; Lifesavers, 202; Marrickville, 80; Mauri Bios. 81; Myers, 180; N.Z. Forest, 181; Oakbridge 185; Paynter, 140; Petersville, 98; Pioneer Cone, 48; Pioneer Sugar, 126; Protector, 120; QBE, 180; Rothmans, 278; Sims, 85; Sleigh. 77; Soul. 460; Sth Brit, 250; Swan, 160; Taubmans, 98; Thiess. 175: Toohevs, 167; Tooth, 169; TNT 102; Union Carb, 190; Waltons, 95; Wwths, 164.
Mining, oil.—Aust Dev. 72; Allstate, 61; Bougainville. 106; BH Sth, 91; Abminco. 38; CRA. 203; Cudgen, 18; GMK. 85; Hamersley, 222; Hill 50 Gold, 16; Kath Inv, 130; Mid Fast, 20; MIM. 166; Nth Min, 9; Pancont, 990; Qld Min, 172; Robe River. 78; Tasmlnex. 44; Utah. 318; WMC Hl; Westralian. 11; Woodsreef, 6; AOD, 16; AOG, 36: Ampol Ex, 10; Bridge, 84; Genoa. 35; Offshore. 4; OU Search. 8; Pexa, 100; Timor 5; Vamgas, 48; Woodside, 75. MELBOURNE SALES Industrial.—ANl, 147; Ampol, 74; Ansett, 150; ANZ, 337; ARC. 118; Assoc Pulp, 110; ACI 158; APM, 125; BNSW, 526; Borai, 218; BHP. 528; Comalco, 294; Bundaberg, 360; CUBZ. 185; C’maine. 410; Coles, 186; CSR, 274; CBA, 245; Containers-. 200; Dunlop, 130; Email, 91; EZI. 190; Aemil. 75; Gordon G. 158; GUD 170; Hardie Trade. 160; Herald. 230; Humes, 100; ICI, 203; Jennings, 128; H. Jones, 82; Mayne Nick, 168: McIlwraith. 132; McPhersons 63; P. Morris, 750: Myers. 180; Nat Bank 235; Nat Cons, 135; News, 235; Olympic, 47; Overseas, 140; Repco, 111; Rocia, 86; Sleigh 76; Swan. 160; TNT 103; Unlroval. 160. Mining, oil.—Aberfoyle 120; Aust Dev, 72; Beach. 16; BH Sth, 88; Cent Norse, 930; Cons Gold, 245; CRA, 204; Hamersley. 222; MIM, 166; Oil Search, 8; Renison, 676; Santos, 98; WMC. 111.
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Press, 22 February 1978, Page 22
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497Weaker market in Australia Press, 22 February 1978, Page 22
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