Oils brighten dull market
Share prices continued to wallow in light turnover on Australian stock exchanges yesterday as London investors assessed the effects of the new United Kingdom Budget, and as weak metal and gold prices took their toll on the mining boards. The likelihood of further interest rate rises hampered activity in industrial shares. However, B.H.P. made a 30c gain to 1185 c despite the announced plugging of its Vinck No. 1 well, which had excited the market earlier in the month? Scattered gains included Santos, which jumped 20c to 630 c, and Woodside Oil
i which closed 4c up at 186 c. i Cluff Oil shed 2c to 28c lack- : ing any fresh news on its (promising gas well in the Bonaparte Gulf. i Speculative stock.?; along ; with gold and diamond issues were generally weaker, but oil shale stocks showed some life with Central Pacific up 250 c at 3200 c, and Southern Pacific up 150 c at 1250 c. Take-over stocks, which highlighted Wednesday’s market, were generally [ignored, although Tooths managed a. 5c gain to 215 c. j ! Industrial.—Amatil, 216; ACT, | 200; Aust Fert, 145; AGC, 135;! lAcmil, 86; Ampol, 106; ANL 250;: lANZ. 440; APM. 163; Assoc Pulp,: 1185; ARC, 133; Advertiser. 163; i
AWA, 310; Bundaberg, 860; BHP,, 1180; Brambles, 195; BMI, 145;: Bank NSW, 295; Bora!. 230;! Burns P. 235: Borg W, 240; Carp, (WR>. 168; CBA, 280; CBC, 28a;; C’maine P, 310; Coles (GJ), 186;, CSR, 463; Containers. 290; Com: Union. 105; CUB. 185; Dunlop,. 83; Elders, 265; EMI, 105; Email,, 138: EZI. 550; Fairfax, 140; fibre: Con, 88; Gen Trust, 150; GUD.i 190; Hardie, 375; Hooker, 104; Humes, 125: Herald. 218; ICI, 282; Ind Equity, 234: Jennings,] 93; Jones <D). 132; Jones (H). 150; | Lend Lease, 315; LNC, 130; Life-] savers, 230; Mayne Nick, 106; McPhersons, 134; Monier, 180; | Morris IP_>, 480; Mauri, 85; Myer, 150; Nat Bank, 245; Nat Cons., 127; News. 220; Nylex. 108; NZ Forest; 225; Oakbridge,- 330;: Olvmpic, -.100; Pion Cone, 193; I Pion Sugar, 290; Protector, 23a;! Petersville. 128; Repco, 110;, Rocla. 90; Rothmans. 240; Sleigh, 101: Smith (Hi, 760: Soul, ! 680; Swan Brew, 175; Taubmans,.
~90; TNT, 235; Tooths, 215; Wal- : tons, 60; Wwths, 145; Wormaid, ! 280. Mining.—Aberfoyle, 620; Aust I Dev, 83; Allstate, 105; Ashton, : 220; Assoc Min, 250; Bougaini ville. 320; Cons Gold, 560; Cent ~Norse. 520; CRA. 465; Carr Boyd, I 36: Cons Rutile, 325; Emperor, i 145: Gem Ex, 55; Gold Mines j Ka'g, 385; Gold Copper, 100; I Hamersley, 335; Hili 50 Gold, 48; I Kath Inv, 500; Mid East, 16; I Metals Ex, 120; MIM, 400; Mt Lyell, 150; North BH, 290; Nth I Flinders, 105; Pancont, 580; Peko, 1720; Poseidon, 205; Qld Mines, 530; Queen Margaret, 31; Renison, 1650; Robe River;' 112; , Southland, 36; Tasminex. 63; I Utah. 400; Woodsreef, 31; WMC. > 395: Westralian, 25. » I Oil.—Ampol Ex. 185: AOD. 40; :AOG. 125; Beach, 100; Bridge, ■ 255; Hartogen, 270; Magellan, 270; Oil Search. 25; South Pacific, j 1250; Santos, 620; Timor. 14; I Vamgas, 270; Woodside, 185.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19800328.2.65.11
Bibliographic details
Press, 28 March 1980, Page 8
Word Count
508Oils brighten dull market Press, 28 March 1980, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in