Small overseas interest again

Press, 2 April 1980, Page 26

Small overseas interest again

Overseas support for Aus- ( tralian shares was agaiiV negligible yesterday, butj brokers said the start of the new United Kingdom finan-i cial year, and the prospects I of a recession in Britain

could cause a flight of funds to Australian shares. On the takeover - front, Pioneer Sugar continued to take up scrip in Australian! Interstate Pipe Line, bring-!

■ ing its holding to more, than i;4O per cent. :j Only selected shares made i significant headway, because (interest rate considerations (were still hampering progress in the industrial sec-

> tor. An announcement that , Alcoa had won a $650 mil- > lioti contract to supply alui minium to Japan hblped Western Mining firm 10c to ■|39sc, and North BH, to gain j2c to 282 c. [ Comalco lost 50c to 420 c, after trading for the first ■ time since March 26, on news that it intended to double its holding in the Gladstone aluminium smelter project. Bougainville fell to 326 c, and MIM also shed 4c to 398 c after MIM said its price for copper, c.i.f. main Australian ports would be I lowered $2O to $2040 a I tonne from today.

11 Gold stocks survived ani ■across-the-board flurry ofi e profit-taking despite onlyj eimodest gains on world bull-! sjion markets but early inter-' -lest in the .diamond sector evaporated along with ru'mours of another promising tldiamond find in Western - (Australia. - Industrial.— Amatil, 210; ACI, 1(200; Aust. Fert., 145; AGO, 140; lAcmil, 85; Ampol, 105; ANI, 245; 3 ; ANZ, 435; APM; 158; Assoc. Pulp, 1'180; Assoc. Props, 100; Ansell, 1225; Advertiser, 164; AWA, 310; . IBHP 1165; Brambles, 197; BMI, ?!146; Bank NSW, 296; Boral, 230; t.Burns P., 238; Borg W., 243; Car--1 rier, 180; Carp (W. R.), 168; CBA, j 270; CIG. 315; Clyde. 250; Co- , malco, 420; CTnaine P., 305; Coal ' All., 1020; Coles (G. J.). 184; CSR,, t|47o: Courtaulds, 75;. Containers, 272; Com. Union, 106; CUB, 180; i Elders, 250; Email, 130; EZI, 560;i ’iFairfax. 140; Fibre Con., 88; Gen., s (Trust 150; Hardie, 375; Hooker/ SHOO; flumes, 118; Herald. 218; ICI,. l : 210; Ind. Equity, 240; Jennings, a 93; Jones (D.), 130; Jones (H.),i ' 150; Lend Lease, 320; LNC, 181; a Mavne Nick.. 190; McPhersons,: 130; MLC, 610; Monier, . 175; 1

iMauri Bros 85; Myer, 150; Nat. ißank. 245; Nat. Cons., 120; News, 1210; Nylex, 106; NZ Forest, 230; I Oakbridge, 320; Olympic, 93; (Pioneer Cone., 194; Pioneer 'Sugar, 290; Petersville, 123; QBE, 168; Repco, 105; Rocla, 88; Rothmans 240; Sleigh. 103; Soul (W. H.), 630; Swan Brew., 170; Taubmans, 91; TNT. 232; Tooths, 200; Waltons, 56; Wwths, 145. Mining Aberfoyle, 580; Aust. Dev., 85; Allstate, 115; Ashton, 255; BH Sth, 420; Bougainville, 330; Cons Gold. 580; CML 290; Cent. Norse., 550; CRA, 490; Carr Boyd, 42; Cons. Rutile, 340; Cudgen 130; Emperor, 156; Gem. Ex.. 56; Gold Mines Kalg., 370; Gold Copper, 95; Hamersley, 335; 11111'50 Gold 52; Mid East, 16; Metals Ex., 115; MIM. 398; Mt Lyell, 145; North BH, 282; Nth Flinders. 100; Pancont., 600; Pcko, 700: Poseidon. 212; Qld (Mines. 520; Queen Margaret, 28; Renison, 1650; Robe River, 115; Southland. 38; Tasminex. 58; Utah. 400; Woodsreef, 5; WMC, 395: AVestralian. 23. Oil.—Ampol Ex., 185: AOD, 45; AOG 130; Beach, 110; Bridge, 250; Ilartogen. 260: Longreach, 32; Magellan, 300; Oil Search. 23; South Pacific. 1500; Santos, 610; Stirling, 35: Timor. 13; Vantgas, 280; Woodside, 132.