Selling pressure continues

Press, 14 March 1980, Page 14

Selling pressure continues

Selling pressure continued to take its toll on the price of mining and industrial shares bn Australian' stock exchanges yesterday. The Sydney all-ordinaries index fell 10.5 points to 814.01. A lacklustre performance by heavyweight miners set the tone for the slump, but once again it was the diamond spec, JLeichardt, which held centre stage. The Ade-laide-based company, which traded as high.as $l5 only a week ago, was knocked back another 150 c to close at 450 c after ' erratic . trading which saw trades as high as 600 c and as low as 350 c. Brokers said there gtill appeared. to bg_some , confusion I

about the significance of.ithep company’s South African • diamond finds, reported on. : Wednesday. s Bridge Oil stood out :in ! . the generally lethargic, mining sector , with a 20c gain to I ; 280 c. after news that; .the 1 '■ company had outlined an 1800-million tonne steaming . coal bed on its whollyt owned leases in central; . Queensland. i Banks were-steady. , Industrial.—Amatll, 216; A.C.L, t 198; Aust. Fert,' 155;, A.G.C, 141; , Acmil, 90;. Ampol, 104; AM.L,* ■ 252; AMM/440; A.P.M., 157; Assoc. Pulp, 240; AJR.C., 137;! A.S.C. • Props, 100; Ansett, 220;; Advertiser, 167; A.W.A., 310; Bunldabcrfc 870; 8MP,..1255;.. Bram-I ■t• - • '

.bles, 197; 8.M.1, 148; BN.S.W,. 300; Boral, 235; Burns P, 275; Carp, 180; C.8.A., 272; C.8.C., ,290; CJ.G.,‘ 320; Clyde, 245; IComalco, 510; C’malne. 320; Coal, 1980; Coles, 196; CBB, 538; Courtaulds, 70; Containers, 280;. Comi Union, 103; C.U.8., 186; iDunlop; .85; Elders/ 280; Email, *138; E.ZX, 670; Fairfax, 140; Flexdrive, 158; Gen. Prop. Trust, 157; - Hardie, 370; Hooker,' 111; Humes, 128; Herald. 220; 1.C.1., 275; Ind. Equity. 250; Jennings, 1.96; D. Jones, 132; H. Jones, 150; i Kauri, 30; Lend Lease, 335; Lifesavers, 218; McPherson, 135; M.€»L, 570; Monier, 188; P. Morris, 1524; Mauri, 81; Myer, 152; Nat. Bank, 250; Nat. Cons., 130; > Nesvs, 210; Nylex. 100; Nil. ; Fosest, 230; Oakbridge, 390; .Olympics, 86; Overseas, 115; .‘Pitta. Cone.. 195; Pion. Sugar. 1 1275?, Protector. 240; Petersville ;'l3o;i Repco, 107; Rocla, 87; Roth 245: Sth Brit., ,255; Sleich, ■lT_Nir”’ 230° U Too 7 th’;. ’ iiB?. n bmon

.Carbide, 242; Waltons, 6l; Wwths.i 143; Wormaid, 325. Mining.—Aberfoyle, 630; Aust. Dev, 95; Allstate, 145; Ashton, , 260; Assoc. Min, 330; BJi. Sth, ; 410; Bougainville, 335; C.M.L, ;,300; Cent Norse, 570; CJtA, ; 504;’Car Boyd, 48; Cons. Rutile, , 440; Cudgen, 170; Emperor. 200; ; Gem Expl, .70; -GM Kalg, 425; , Gold Copper, 120; Hamersley, 385; ; Hill 50 Gold, 57; Hath. Inv„ 520; , Mid East. 20; Metals. Ex, 120; :,*MXM.. 465; M.K.U, 90; Mt LyeU. ; 170; Nth b.H, 330; Nth Flindi- ers, 170; Pancont. 710: Peso, ; 800; Paringa, 125; Poseidon, 235, I; 70; W.mA, 425; 2* i; a n r~ A Bridge, s’; 280; Hartogen, 280; Woodside. iiO..