Easy Australian market

Press, 26 July 1980, Page 18

Easy Australian market

Trading on Australian stock exchanges .ended on the downswing again yesterday — a smattering of situation stocks providing the only encouraging note to dwindling overseas interest, and a disappointing annual result from BHP. The market leader’s 23.6 per cent profit rise to $220.9 million was as much as $3O million below widely-held predictions, and the stock fell 45c to, $14.60 dollars, after falling to $14.50 with the announcement. Elsewhere, another drop in U.S.. prime rates lifted _ a wide selection of speculative gold stocks, but major producers tended to drift with the rest of the major mining sector after an overnight drop in metal prices.

’ The tin . miner. Renison, led the. miners with, a 300 c rise to $23 after repotting a 13 per cent profit increase for the year, to $27.5 million and Mount Lyell rose 15c to 200 c. on reporting a profit rise to $5.4 million, from $428,000. Oil and gas stocks were generally weaker, although investors showed some new confidence in the Lesueur No. 1 well in the Bonaparte Gulf and pushed Oil Investments stock 8c higher to 249 c.

Boungainville was the only major gold producer to make a gain on the day, with a 2c rise to 264 c, but the leading stock, Central Norseman, . lost 50c Jo $lO.BO. .

Industrials.—Amatil, 205; ACT, 213; Aust Fert. 125; AGC, 135; Acmil, 100; Ampol, 135; ANI, 275; ANZ, 470; APM, 206; Assoc Pulp, 190; Ansett, 220; Advertiser, 155; AWA, 345; Bundaberg, 353; BHP, 1460; Brambles, 245; BMI, 182; NSW, 295; Boral, 283; Burns P, 248; Borg W, 260; Carrier, 200; Carp WR, 200; CBA, 264; CBC, 305; CIG, 335; Clyde, 345; Comalco. 590; C’maine, 315; Coles, 195; CSR, 734; Courtaulds, 75; Containers. 335; Com Union, 70; CUB, 180; Dunlop, 88; Elders, 336; EMI, 135; Email, 130; EZI, 630; Forcstwood. 350; Gen Prop Trust. 147; Hardie, 370; Hooker, 96; Hanimex, 124; Humes, 155: Herald, 212; ICI, 258; Ind Eouitv. 350; Jennings, 92; D Jones. 128; II Jones, 210; Kauri. 40; Lend Lease. 405; LNC, 175: Lifesavers. 245: Mayne Nick, 218; McPhersons. 156: Monier, 172; P Morris, 460; Mauri, 85; Mver, 145; Nat Bank, 265; Nat Cons, 138; News Coro, 260; Nvlex. 130; NZ Forest, 280; Oakbridge, 415; Olympic. 154; Pion Cone, 235; Pion Sugar. 320; Petersville, 128; QBE Ins, 210; Repeo, 105; Roda,. 85;-Sth Brit,

245; Sleigh, 158; H Smith, 840; Soul, 760; Swan, 162; Taubmans, 112; TNT. 245; Tooths, 170; Union Carbide, 285; Waltons, 71; Wwths. 154; Wormaid, 400. Mining.—Aberfoyle, 880; Allstate, 188; Ashton, 250; Assoc Min, 315; BH Sth, 450; Bougainville, 262; Cons Gold, 800; Cent Norse, 1100; CRA, 520; Carr Bovd, 62; Cons Rutile, 460; Cudgen, 175; Emperor. 235; Gem Ex, 60; GM Kafg. 800; Gold Copper, 145: Hamersley. 440; Hill 50 Gold, 82; Kath Inv, 700; Mid East, 24: Metals Ex, lb: MTM, 495; MKU. 70; Mt Lyell, 200; Nth BH. 360; Nth Flinders. 175; Pan Cont, 690; Placer, 600; Peko. 840; Pan Cont. 690; Poseidon, 420; Old Mines. 860; Oueen Marg, 46: Renison, 2300; Robe River, I’s: Southland. 50; Tasminex. 70; Utah. 516; Woodsreef, 5; WMC, 520: Westralian, 35. Oils.—AAß. 850: Ampol Ex, 260; AOD 80: AOG, 252; Beach, 145; Bridge. 450; Hartogen, 450; Magellan. 530: Oil Search, 29; Project Oil. 180; Sth Pac. 2200: Santos. 1270; Stirling. 30. and tmts. 9; Timor, 18; Vamgas, 600; Woodside,. 297.