Aust. market easier again

Press, 16 July 1980, Page 16

Aust. market easier again

Share prices continued to ease on Australian stock exchanges yesterday as a sharp drop in gold prices overnight gave a stay-away signal to overseas investors. Energy stocks were hit hard in the , sell-off, but more rumours of a promising gas flow at the Wpodada No. 2 well in Western Australia saw the project’s operator, Strata,' close 25c higher at.' 265 c — after a weak opening, ...,'.;. / Central' nbrseman set ' 1 he tone; fpr the; big gold miners with', a 60c drop to $10.90, blit Alkane went against the trend? and finished 2c' higher at 92c after! reporting prom? ising gold finds near Parkes, in Western N.S.W. C Industrial < stocks , wure patchv as traders weighed thq Effects of Monday’s 4 2

per cent national wage case decision, but B.H.P. rallied off its low ,of $14.50 to finish 5c higher, at $14.65. Coal stocks were generally weaker after a decision by Queensland miners to. continue their strike, and Utah, slipped 6c to 540 c, , J Several shale oil . stocks ■featured in scattered rises/in the speculative sector, and news that Geome’als planned to join an oil drilling programme off Western Australia<saw the; stock7add 8c to 95c. ’ < The shale oils were paced by a 10c rise by - Greenvale, to 410 c, but. news, that the shale oil leader, Central Pacific, planned to join a uranium search. in the Nortliem Territory saw' the stock fall 200c' JO's6s; ’ ’

industrials.—Amatil, 210; ACI, 220; AGC, 138; Acmil, 95; Ampol, 138; ANI, 275; ANZ, 494; APM, 201; Assoc Pulp, 218; ARC, 145; Advertiser, 158; AWA, 330; Bundaberg, 360; BHP, 1465; Brambles, 240; BMI, 177; NSW, 289; Boral, 280; Burns P, 248; Borg-W, 250; Carp, 200; CBA, 264; CBC, 310; CIG. 330; Clyde, 340; Comalco, 560; C’maine, 302; Coal All, .1170; Coles, 193; CSR, 716; Containers, 330; CUB, 190; Dunlop, 85; Elders, 330; EMI, 122; Email, 133; EZI, 630; Fairfax, 152; Fiji, 254; .Forestwood, 350; Gen Prop Trust, 145; Gerrard, 185; GUD, 200; Hardie, 478; Hooker, 95; Humes, 148; Herald, 225; ICI, 255; Ind Equity, 352; Jennings, 87; H. Jones, 212; Kauri, 39; Lend Lease/ 395; LNC, 180; Mayne Nick, 225; MePherson, 147; Monier, 175: P. Morris, 485; Mauri, 80; Myer, 150; Nat Bank, 260; Nat, Cons, 134; News Corp, 285; Nylex, 130; NZ Forest, 270; NZ Ins; 232; Oakbridge, 400; Olims, 43; Olympics, 154; Overseas, 143; Pion Cone, 223; Pion Sugar, 840; Protector, 250; Petersville, 130; QBE Ins, 220; Repco, 1(M; Rocla, 85; Rothmans, 235; Sth Brit, 240;

Sleigh, 140; H. Smith, 840; Swan, 170; Taubmarts, 108; TNT, 242; Tooths, 172; Union Carbide, 285; Waltons, 70; Wwths, 150; Wormaid, 390. Mining.—Aberfoyle, 700; Aust Dev, 163; Allstate, 150; Ashton, 240; Assoc Min, 300; BH Stb; 450; Bougainville, 250; Cons Gold, -710; Cent Norse, 1080; CRA, 530; Carr Boyd, 60; Cons Rutile, 465; Cudgen, 165; Emperor, 210; Gem Expl, 60; Gold Mines Kalg, 840; Gold Copper, 145; Hamersley, 440; Hill 50 Gold. 77; Mid East; 23; Metals Ex, 105; MIM, 465; MKU, 70; Mt Lyell, 180; Nth BH, 345; Nth Flinders, 165; Pan Cont, 690; Peko Walls, 810; Parfnga, 120; Poseidon, 405; .'QI.d Mines, 806; Queen Marg, 44;' Renlson, 1850;. Robe River, 135;-. Southland, 44; Tasminex, 65; Utah, 540; Woodsreef, 4; WMC, 502; WestraUan,- 30. - • , ; j Oils.—AAß, 850; Ampol Ex, 235; AOD, 80; AOG, 230; Beach, 158; Bridge, 355; Hartogen, 450; Longreach, 27; Magellan, 590; OU Search. 29; Project Oil, 175; Sth Pac, 2225; Santos, 1270; Stirling/ 31, and -Stirling opts, 9; Timor, IS; Vamgas, SiO; Woodaide, 303.