Australian market
Australian share prices closed broadly higher in light trading, led by sharp rises in the resource sector after a record-setting performance on Wall Street. The all-ordinaries index was up 10.7 points, or 2.1 per cent, at 506.4, mainly because of sharp rises in the mining sector, and widespread rises among oil and gas stocks. The all-resources index was up 16.1 points, or 4.2 per cent, at 394.8. and the allindustrials was up 4.1 points at 644.8. The metals index was up 23.3 points, or 4.8 per cent, at
505.6, the largest rise of any index, while the oil and gas index was up 12.9 points, or 3.7 per cent, at 354.6. Turnover totalled a light sAustll.6 million, and advances outnumbered declines by more than three to one. Heavyweight mining stocks to close sharply higher in active trading included MIM. up 25c to 415 c, CSR 23 to 278. CRA 22 to 420. Western Mining 20 to 385. BHP 14 to 640. North BH 10 to 240. Comalco 10 to 200. and Bougainville Copper 6 to 240.
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Press, 26 February 1983, Page 18
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178Australian market Press, 26 February 1983, Page 18
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