Miners stood out on mixed market
Mining stocks put on the best performance in a generally firmer Australian market yesterday. Gold and uranium shares made gains after President Carter’s energy speech, and diamond stocks were better-sup-ported. Take-over and other situation stocks provided most of the action elsewhere. B.H.P. fell 6c to 930 c ahead of Friday’s release of annual results. CSR ended 3c ahead at 357 c. the ANZ Bank eased 5c to 355 c, Ansett was steady at 126 c, and T.N.T. was steady at 131 c. With take-over rumours persisting, Humes gained 3c early, but eased to close unchanged at 127 c. David Jones rose 6c to I.lBc on the latest bout 1 of rumours. Kathleen Investments remained at the centre of attention of the uraniums with a rise of 10c to 415 c. Takeover rumours continue, and have been behind most of
the recent gains. Diamond stocks retained firm support with Ashton venture leader C.R.A., en-
ding 5c higher at 335 c. Ashton Mining gained 4c to 106 c, Northern Mining firmed 5c to 120 c.
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Press, 18 July 1979, Page 22
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179Miners stood out on mixed market Press, 18 July 1979, Page 22
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