Easy Melbourne market

Press, 5 August 1980, Page 20

Easy Melbourne market

With the Sydney market closed for Bank Holiday, trading got off to a dull start on the Melbourne Stock Exchange yesterday; oil and gas explorers were cut backs sharply. Esperance, which fell 30c on Friday, was marked back a further 30c to 400 c after sales down to 350 c. Its partner, Greenvale, weakened 19c to 330 c. AOG had sales at 240 c for a loss of 15c, Basin came back a similar amount to 130 c, Woodside fell a further 5c to 265 c after last week’s big losses, and Strata was 20c lower at 205 c. On the brighter side Crusader moved ahead ,20c to 400 c on news of an oil flow from its Thomby Creek No. 2 well. .'Among the - Ashton dia-

mond partners CRA did well early with a 10c rise to 540 c before closing unchanged.

Ashton was 7c easier at 265 c but Northern Mining, which has announced a one-for-ten premium issue,, remained steady at 260 c. Industrials were firm, with 50 rises to 41 falls.

The strong upward movement in CSR shares halted — the stock dipping 14c to 732 c. BHP was 5c easier at 1495 c.

Monier rose 15c to 190 c, and ' CBA edged up 2c to 260 c. • . . '

Others. to make small gains included Herald, 5c to 220 c, and .’Hr C. Sleigh, 5c to 155 c. . . . • Industrials.'— Amatil, 210; ACT, 216; AGC, 1.38; Acmil, 100; impel; 132: ANT. 280: ANZ. 465:! APM, 212; Assoc Pulp, 20a; ASC

Props, 95; AWA, 340; Bundaberg, 360; BHP, 1495; Brambles, 250; BMI, 198; NSW, 298: Boral. 279; Burns P, 275; Borg W, 260; Carp, 205; CBA, 260; CBC. 305; CIG, 345; Clyde, 345; Comalco, 570; C’maine, 335; Coles, 203; CSR, 732; Courtaulds. 75: Containers, 335; Com Union, 70; CUB, 182; Dunlop, 80; Elders, 335; EMI, 135; Email, 132; EZI. 634: Flexdrive, 155; Hardie, 385; Humes, 150; Herald, 220; ICI, 240; Ind Equity, 355; D. Jones, 130; H. Jones. 200; Kauri, 87; Lend Lease. 405; LNC, 180: Mayne Nick, 220; McPhersons. 150; Monier. 190; Mauri, 87; Myer. 144; Nat Bank, 268; Nat Cons, 140; Nylex, 130; Oakbridge, 405; Olympics. 1 154; Pion Cone, 232; Pion Sugar. 340; Protector, 240; Petersville, 130: QBE Ins, 200; Repco, 102: Rocla. 86: Rothmans, 245; Sleigh, 152; Smith. 850; Soul, 740; Swan, 158; Taubmans, 112; TNT, 246:’’Tooths, 168; Waltons, 68; Wwths, 160;. Wormaid, 400. • 1 ;■ ■ ' Mining.—Aberfoyle, 700: Aust Dev, 130; Allstate, 185; Ashton. 265; Assoc Mini 312; BH Sth. 470: Bougainville, 232; Cons Gold, 850:j Cent Norse. 1100: CRA, 530; Carr Boyd, 62; Coils' Rutile, 510; Cud-] gen, 185; Emperffir, -215; Gem Ex-.

pl, 60; GM Kalg, 800; Gold Copper, 135; Hamersley, 420; Hill 50 Gold, 76; Kath Inv. 630; Mid East, 23; Metals Ex. 120; MIM, 483; MKU, 72; Mt Lyell, 190; Nth BH, 350; Nth Flinders, 200; Pan Cont, 680; Peko. 830; ' Poseidon. 425; Qld Mines, 850; Queen Marg, 43; Renison, 2230; Robe River. 160; Southland. 45: Utah. 530; Woodsreef, 6; WMC, 538; Westralian. 36. Oils—Ampol Ex, 255; AOD, 70; AOG. 240; Beach, 130; Bridge, 450: Magellan, 540; Oil Search. 28; Project Oil, 185; Sth Pac, 2250; Santos. 1180; Stirling. 28: Timor, 18; Vamgas, 600; Woodside, 265.