Australian markets recover

Press, 24 June 1978, Page 18

Australian markets recover

A number of stocks rose in trading on Australian stock exchanges yesterday after a week of price falls largely because of end of the financial year factors, and uncertainties created by the U.S. dollar’s problems. BHP fell 6c on the day to 690 c, its lowest closing price in a month. CSR and the ANZ Bank eased, but the Bank of NSW rose 2c to 594 c. The tea and coffee group Bushells Investments rose 135 c to 400 c on Wednesday’s news that a number of shareholders with a controlling interest were negotiating for the sale of their stocks, possible to a U.K. group. White industries, the coal and engineering group gained 7c to 172 c on the report that it was negotiating for overseas capital to develop its jUlan coal deposits for exi port. Among the mining stocks Utah recovered its early 10c fall to close at 420 c, but Pancontinental dropped 45c to $13.55.

Bougainville Copper eased 1c to 124 c. and MIM recovered from an early fall to close unchanged at 206 c. Hamersley was one of the best performers with a rise Of 9c to 250 c and CRA rose 5c to 245 c.

Industrials.—ACl, 222; Acmil, 65; Advertiser, 192; AGC, 150; Amatl, 208; Ampol. 81; Ansett, 155; APM, 114; ANI, 155; ANZ, 300; ARC, 113; ASC Props, 125; Assoc Pulp, 128; Assoc Sec, 45; Aust Fert, 135; NSW, 594; BHP, 688; BMI, 113; Boral, 225; Borg, 240; Brambles, 175; Bundaberg, 310; Burns P, 215; Carp, 120; C’malne. 355; Clyde, 155; CBA, 235; CBC, 180; CIG, 235; Coal, 390; Coles, 198; Comalco, 272; Com Union, 67; Cone Monier,

172; Containers, 23T; Courtaulds, 55; CSR, 297; CUB, 181; Dickson, 103; Dunlop, 36; Elders, 222; Email, 110; EMI, 125; EZI, 245; Fairfax, 150; Hanlmex, 100; J. Hardie, 400; Hardie Trad, 148; Herald, 235; Hooker, 71; Humes, 108; ICI, 222; Jennings, 118; D. Jones, 123; Kauri, 20; Kelvinator, 81; Lend Lease, 270; LNC, 155; Marrlckville, 80; Mauri Bros, 82; Mayne Nick, 180; McPhersons, 59; MLC, 300; P. Morris, 686; Myer, 175; Nat Bank, 240; Nat Cons, 138; News, 228; Nylex, 53; Oakbridge, 178; Olims, 14; Olympic, 50; Overseas, 130; Petersville, 103; Pioneer Cone, 156; Pioneer Sugar, 10; Repco, 109; Rocla, 85; Rothmans, 265; Sims, 95; Sleigh, 81; 11. Smith, 375; Soul, 485; Sth Brit, 275; Swan, 165; Taubmans, 101; Thiess, 260; TNT, 110; Tooheys, 162; Tooths, 188; Union Carb, 200; Waltons, 91; Wehl, 140; Woolworths, 161. Mining, oil.—Aberfoyle. 158; Aust Dev. 65; BH Sth, 115; Bougainville, 124; Carr Boyd, 11; Cent Norse, 800; Com Min, 242; Cons Gold, 324; Cons Rutile, 72; CRA, 246; Cudgen, 32; GM Kalg, 58; Hamersley, 250; Hill 50 Gold, 13; Kath Inv. 202; Magellan, 85; Metals Ex. 28; MIM, 205; Mt Lyell, 5; Peko W. 520; Renison, 930; Robe River, 83; Santos, 113; Southland, 30: South Pac. 200: Utah, 420; WMC, 152; Woodsreef, 30. Oils.—AOD, 17; AOG. 50; Ampol Ex, 126; Beach, 44; Bridge, 100; Oil Search, 11; Pexa. 93; Timor, 6; Vamgas, 53; Woodside, 74.