Leaders in mining fall
NZPA Sydney The Sydney share market closed slightly ' weaker yesterday because of moderate falls ‘among heavily traded leading mining shares. The falls came after the release of the first opinion poll since the announcement last week of a snap Federal election on March 5. The Morgan Gallup poll showed that the Australian Labor Party would have won an election held in the last week of January by 5.0 per cent on minority party preferences. At 3 p.m. the all-ordinaries index was down 0.8 points at 503.3 after a fall in the allresources index of 2.4 points
to 387.2. The all-industrials index rose 1.1 to 647.2. Turnover totalled 15.92 M shares worth sAustl7.ssM of which the mining sector accounted for ?13.10M. The market as a whole bore up well: gains outnumbered losses 117 to 87. Major mining stocks to fall in heavy trading included Western Mining, down 3 c at 368. MIM down 10c at 385. and CRA. down 10 cents at 360. Bougainville rose 3c to 223. The market leader. BHP. dropped 6c to 642. but the second-ranked CSR rose 8c to 280. Leading gold miners tended firmer in active trading
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Press, 10 February 1983, Page 18
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195Leaders in mining fall Press, 10 February 1983, Page 18
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