Australian index at new peak

Press, 16 August 1980, Page 18

Australian index at new peak

Trading on the Sydney sharemarket yesterday eclipsed an all-ordinaries record for the, second time this week as overseas buyers moved heavily into leading miners. The index finished the day at 962.03, up 7.38 points on the day and 6.05 points bet-

ter than Monday’s previous record.

■ Western Mining was the big stock of the day, adding 14c to a year’s high of 612 c and BHP led the industrials with. a. 20c gain to $15.40, 5c from its. year’s peak;

Diamond stocks continued to gain ground, and Ashton and C.R.A. each added 4c to

299 c and 580 c respectively,, but C.R.A.’s affiliate, Bougainville, was one of the few big losers. on tire day with a 15c drop to 235 c in response to a 4.2 per cent increase, in interim profit-. . . ' Gains in the. oil sector were more selective, and Strata was unchanged at 280 c. after announcing a gas

, I flow of 32.8 million cubic • feet at its Woodada No. 2 ' well, near. Perth, i In other ' trading, M.I.M. : added 14c. to 532 c, Peko imi proved 4c to 890 c, Central Norseman rose 4c to 890 c, • Woodside was 5c higher at I 305 c, C.S.R. gained 18c to t 778 c, and the : A.N.Z. bank > was unchanged at 485 c. .