Gold again pushes market

Press, 24 September 1980, Page 22

Gold again pushes market

Reports of more fighting between Iraq and Iran continued to push the Australian sharemarket’s gold sector higher yesterday, but indications that Hong Kong gold traders were unwilling to significantly improve on New York’s closing gold quotes saw most stocks finish below their best. G.M.K. led the golds with a 110 c rise to $11.60 after trading as high as $l2 and Poseidon rose 30c to 730 c: . Central . Norseman and Emperor each put on 40c to $12.80 and 500 c. .' However, several - leading stocks finished on a weaker note',) including B-H.P-, yhich shed 5c to $15.80 despite its position as a major gold producer.

M.1.M., spurred on by high] silver prices, proved one of the few heavyweight metal miners to keep pace, with a 20c rise to 480 c, although several uraniums were including Queensland Mines, which added 30c to 880 c. , . Oils were little changed but coal issues were generally. weaker, led by Utah which lost 14c to 586 c, and Coal and Allied which fell 40c to $11.50 after reporting an 85 per cent profit drop to SI.BM. ' < ’ , „ . . Industrials were quiet, but the diversified trader, W. R. Carpenter managed a 5c gain to 205 c after announcing a 38 per cent profit improvement to $l3.'lM. • The diversified collier, Howard Smith, was 6c wea-

ker at 824 c in response to a disappointing 1.8 per cent profit improvement to S7.BM.

Industrial. —Amatil. 220; ACI, 205; Aust. Fert., 135; AGC, 137; Acmil, 101; Ampol, 170; ANI, 285; ANZ, 480; Assoc. Pulp, 210; ARC, 180- Advertiser, 161; AWA, 335; Bundaberg, 405; BHP, 1575; Brambles, 290; BMI, 210; BNSW, 305; Boral, 320; Burns P., 262; Carp., 205; CBA, 272; CBC. 319; CIG, 330; Clyde, 335; Comalco, 586,' C’Maine, 345; Coal All., 1150; Coles, 218; CSR. 746; Containers. 340; Com. Union, 65: CUB, 178; Dunlop. 89; Elders, 375: EMI, 145; EZI, 700: Fairfax. 148; Forestwood, 425; Gen. Prop. Trust, 148; GUD 205; Hardie, 435; Hooker, 113' Hanlniex. 125.- Humes, 150; Herald, 228; ICL 278: Ind. Equity, 420: Jennings, 116; D. Jolies., 110: H. Jones. 205; Kauri, 38; Lend Lease. 415; LKcs&vers, 26a; Mavne Nick., 245; McPhersons, 165; Monter >160: Maun, 95; Myer, 155; Nat.-Bank. 270: Nat. Cons.. 165: News Corp.. 285: Nylex 132; Oakbridge. 375: Olympics, 158; Pioneer Concrete, 228;

Pioneer Sugar, 365; Petersville, 125; Repco, 102; Rocla, 101; Rothmans, 300; Sth Brit., 235; Sleigh, 154; H. Smith, 824; Swan, 180; Taubmans, 125; TNT, 251; Tooths. 192; Waltons, 79; Wwths, 179; Wormaid, 415. .

Mining.—Aberfoyle, 920; Anst. Dev., 225; Allstate. 260; As! Vn, 310; Assoc. Min., 330; Bougainville, 255; Cons. Gold, 940; Cent. Norse, 1280; Carr Boyd, 92; CRA, 640; Cons. Rutile, 630; Cudgen, 200; Emperor, 490; Gem Expl., 65; G.M. Kaig.. 200; Gold Copper, 170; Hamersley, 440; Hill 50 Gold, 116; Kath. Inv., 660; Mid East, 29; Metals Ex., 175; MIM, 485 : Mt Lyell, 235; Nth BIT, 435; Nth Flinders. 270; Pan. Cont., 740; Placer, 2000; Peko. 1160; Paringa, 135; Poseidon. 730; Qld Mines, 880; Queen Marg., 77: Robe River, 116; Southland. 58; Tasminex. 70: Utah. 590; Woodsreef, 6; WMC, 612; westralian, 35. - Oils.—Amnol Ex., 290;' AOD, 70: AOG. 315; Beach, 170; Bridge 460; Hartogen. 600: Longreach, 34; Magellan, 720; Oil Search, 28; Project. 160; Sth Pae., 2900; Santos, 1400; Stirling, 34 and opts, 11: Timor, 640; Vaibgas, 640; Woodside. 310. »