Mainly weaker market
B.H.P. and selected miners were among the few bright' spots in otherwise weaker Australian markets yesterday. B.H.P. recovered 10c at 1120 c on news on the latest O.P.E.C. price rise, because the Federal Government’s policy is to raise Australian oil prices to world parity. The battle for Kelvinator came to an abrupt halt when the contenders, Email, and Simpson Pope, decided to negotiate. Kelvinator plummeted to 165 c in early trading from the previous close of 280 c. It made a partial recovery to finish at 185 c for a net loss of 95c. Email eased 4c to 106 c. Malleys, which made specu-
lative gains in the midst of the Kelvinator battle, dropped 17c to 83c. CRA, Hamersley and North Broken Hill firmed. 1
' Central Norseman gained , 50c at 2000 c but the other I gold stocks were easier. I Copper stocks rose on the •latest rise in copper prices.
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Press, 29 March 1979, Page 22
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154Mainly weaker market Press, 29 March 1979, Page 22
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