Australian rally continues
Prices again rallied on Australian Stock Exchanges yesterday — oil and gas explorers setting the pace. Shale oil stocks, in particular, were the market favour-' ites, after active trading' iovernight in London. ! Shale oil situations domi- 1 in-ated a generally firm Aus-; tral Sydney sharemarket today as traders digested the, I latest drill report from the; :nagoorin prospect in (Queensland were marked up; sharply at the start — tra-i decs apparently expecting a; major announcement — most finished off their highs after the release of what!
was generally considered an! inconclusive report. The project’s major, Greenvale, finished 34c weaker at 460 c after trades as high as 550 c and its associate. Esperance, dropped 10c i to 530 c, 90c off its peak. 4 Elsewhere among the shales. Central Pacific added; 'soc to 870 c and Southern! .: Pacific gained 20c to 330 c, but conventional oils were ; . trendless with woodside up' 2c at 345 c and Santos 10c . easier at $l6. c Industrials.— Amatil, 215; ACI,: ■*1210; AustFe-rt. 133; AGC, 143;i ■I Acmil, 101; Ampol, 171; ANT, 230; j ANZ, 450; Assoc Pulp, 200; AS'iCProps, 95; Advertiser, 100/ ; :AWA, 315; Bundaberg, 500; BHP,
11555; Brambles, 300; BMI, 210; NSW, 232: Bora!, 275; BunsP, 2i3; Carrier. 230: Carp. ISO; CBA, 265; , CBC, 306; CIG, 330; Clyde, 3;0; . Comalco, 574; C’Malne, 345; Coa- , IAII, 1050; Coles, 210; CSR, 755; ’ Court-auids, 80; Containers, 320; CUB, 163; Dunlop, 33; ■ Elders 250; EMI. 115; Email, ' 135; EZI, 639; Fairfax, 144; FibreCon, 95; Flexdrive, 150; Forest'•wood, 430; GenPropTrust, 145; |;GUD, 215; Hardie, 420; Hooker,; Jl-20; Hanimex, 125; Humes, 140/ 1 Id, 235; IndEquitjv 450; Jennings,! -117; DJones, 119; Kauri, 42; Lem ■ • dLeaEe, 3SO; Lifesavers, 250; May-, JneXlck. 235; McPherson, 15o;i :MLC. 700; Monier, 155; PMorrls,' : l530; Mauri, 100; Myer, 142; ,Natl E-ink 245; Nat Cons. 155; News-: ‘Corp. 230: N’ylex. 125; NZForest,’ >1340; Oakoridje, 420; Olims, 55/ ;!PionConc, 235; PlonSugar, 415; 1 . i P-oteotor. 225: Petersville, 127;; ' QBEIns. 210; Repeo, 101; Rocla.i -’92; Rothmans. 230; Sleigh, 140;] ; HSmith. 809; Swan. 153; TNT.i '292; Tooths, 210; Union Carbide,
305; Waltons, 30; WW, 179; Wormaid, 365. Minins.— Aberfoyle. 930. Aust-. Dev, 230; Allstate, 240; toton# 320; AssoeMln. 330; Bougainville,; 232; Cons Gold, S3O, CMI, 23j„ CeutNorse, ISO; Carrßoxd, 80;» CRA, 706; Consßutile, 650; CudKen, 200; Emperor, 600; GemExpl, 64; GMKalg, 200: Hamersley# 440; HllloOGold, 102; Magnet, 72p. Kathlnv, 700: Mid East, 24; Metal* sEx, 160; MDU 556; MKU, 80? IMtLyell, 225; NBH, 425; NthFUne iders, 250; Pancont, 8c0; Pltcer? : 2233; Peko, 1240; Poseidon, 720;< ‘ Q’.d.sllnes. SCO; QueenMarg, 70? I Rens’.on, 50; Rsbeßiver, 145? i Southland. 53; Utah, 570; Wood-* : sreef, 6; WMC, 625; Westralian, 30. t
Oils.— AOD. 75; AOG, 347;‘ Beach. 132: Bridge, 510; Hart-f ogen, 650; Longreach, 36; Magei; lan, 820; OiLSearch. 25; Project' 55; SPac, 330; Santos, 1530; Stir; ling. 32. 20c, 32 and opts 9-’ ; Timor, 19; Vamgas, 710; Woodside, 343. 1
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Press, 24 October 1980, Page 17
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478Australian rally continues Press, 24 October 1980, Page 17
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