Seven-year highs in Sydney

Press, 29 August 1979, Page 22

Seven-year highs in Sydney

Diamond, oil, gas and other resources shares helped the Sydney All Ordinaries, and Metals and Minerals indices reach a seven-year high yesterday. The discovery of a fourth pipe by the Mt Wynne partners revitalised interest in a number of diamond explorers. With equal shares in the project, Haoma Gold gained 8c to 63c, and North West Mining firmed 8c to 60c. A Selection Trust subsidiary, A.S. Mining Ventures, is operator, and can earn up to a 60 per cent interest in the project. Buying of Ampol Petroleum shares was stepped up, but the price remained steady at 100 c with Pioneer Concrete, and Brambles still ,the main buyers. Speculative oil stocks were actively traded with gains generally a cent or two, and some losses. Much interest centred on Santos which firmed 15c to 440 c after further large special sales. B. rose 18c to $lO.OO. C. Bank firmed 8c to 263 c in early trading on its big profit increase, but eased to close at 260 c. Other banks were firm.

The closing prices of some selected shares were: Industrial.—A.C.l., 205: Acmll, 70; Advertiser, 183; A.G.C., 140; Amatil. 225; Ampol, 100; Ansett, 155; A.P.M., 145; A.N.1., 185;

A.N.Z., 370; A.R.C., 120; A.S.C. props, 112; Assoc. Pulp, 210; A. 270; Bank N.S.W., 310; B. 1000; 8.M.1., 110; Boral, 240; Brambles, 187; Bundaberg, 465; Burns P„ 240; C’maine P., 320; Clyde, 165; C.8.A., 265; C. 260; Coal AU., 710; Coles, 218; Cone. Monier, 163; Containers, 240; Courage, 45; Courtaulds, 77; CSR, 407; C.U.8., 181; Dunlop, 91; Elders, 197; Email, 110; E.Z.1., 352; Fairfax, 138; Fibre Con., 105; Hanimex, 130; J. Hardie, 240; Herald, 260; Hooker, 87; Humes, 118; ICI, 233; Jennings, 86; D. Jones, 121; Kauri, 26; Kelvinator, 160; Lend Lease, 285; L.N.C., 195; Mauri Bros, 86; Mayne Nick., 190; McPhersons, 95; M.L.C,, 390; P. Morris, 620; Myers, 165; N.Z. Forest, 225; Nat. Bank. 265; Nat. Cons., 126; Nylex, 82; Oakbridge, 162; Olims, 34; Olympics, 71; Overseas, 118; Petersville, 134; Pioneer Cone., 153; Pioneer Sugar, 145; Protector, 220; Q.8.E., 150; Repco, 128; Rocla, 80; Rothmans, 291; Sieigh, 79; H. Smith, 590; Soul, 560: Sth Brit., 250; Swan Brew, 150; Taubmans, 95; Thiess, 450; T.N.T., 154; Tooheys, 157; Tooths, 190; Union Carb., 230; Waltons, 65; Wehl, 142; Wwths, 157. Mining.—Aberfoyle, 205; Aust. Dev., 59; Allstate, 29; Ashton, 127; Assoc. Min., 200; B.H. Sth, 202; Bougainville, 225; Cons. Gold, 415; Cent. Norse, 716; CJt.A., 375; Carr Boyd, 38; Emperor, 63; G.M. Kalg.. 165; Hamersley, 265; Hill 50 Gold. 34; Kath. Inv., 490: Magellan. 260: Mideast, 41; Metals Ex., 73; 365; M.K.U.. 98: Mt Lyell, 83; Nth 8.H.. 199: Peko 608; Project Min., 12; Paringa, 52; Poseidon, 1108; Qld Mines, 504; Renison. 1230; Robe River, 105; Southland, 27; South Pacific, 500; Santos, 430; Tasminex. 62; Utah, 400, Woodsreef, 4; W.M.C., 295.

Oil.—Ampol Ex., 175; A.0.D., 28; A.0.G., 84; Beach, 67; Bridge, 220; Longreach, 5; 'Oil Search, 19; Timor, 9J; Vamgas, 205; Woodside, 110.