Aust, prices up

Press, 24 September 1983, Page 23

Aust, prices up

NZPA Sydney Australian sharemarkets edged upwards amid heavier trading yesterday, led by solid gains among some leading mining stocks and the banks. The all-ordinaries index rose 1.5 points to 708.0, the allresources index gaining 2.1 points to 575.9, and the allindustrials index edging ahead 0.7 to 872.4. Market sentiment was boosted by Wall Street’s record prices. Trading was little affected by news of a 4.3 per cent national wage increase, which brokers said had been widely expected. Highlighting trading was the announcement that Television Wollongong Transmissions, Ltd, had launched a sAust32 million takeover bid for Brisbane TV, Ltd, operator of television station BTQ 7. Television Wollongong is offering 1730 c cash for the Brisbane TV shares it does not already own. In general trading, banks led the market advance, the banks and finance index surging ahead 14.0 points — or 1.5 per cent — to 939.3. In Sydney, ANZ rose 10c to 526, Westpac, 8c to 327 and National Australia, 2c to 330. The resource sector advance was underpinned by solid gains by several leading mining stocks. In Sydney, Western Mining gained 11c to 465, and MIM, 7c to 412.

CRA advanced 2c to 586 amid heavy trading which included three large special sales through Melbourne, totalling 623,000 shares. BHP closed steady at 1205 after recovering from an early low of 1200 with 512,500 shares traded nationally. Weeks Australia, gained a further 3c to 100 on national’ turnover of 828,776 shares.

Industrials.—ACl 155; AFL, 125; ANI, 268; ANZ, 526; APM, 223; AWA, 400; AdelStm, 405; Amatil, 260; Ampol, 192; Ariadne, 33; BHP, 1205; Boral 318; Brambles, 285; Bundaberg, 325; BurhsP, 280; CSR, 408; CUB, 300; CarpWß, 260; C’maine, 405; Coal All, 432; Coles, 335; Courtauld, 70; Dunlop, 135; EZlnd, 590; Elders, 420; Email, 125; JFairfax, 375; Fibre, 310; GPT, 180; JHardie, 406; Herald, 280; Hooker, 136; Humes, 147; ICI, 198; IndEqu, 395; Jennings, 167; Johns Pry, 245; DJones, 300; Kern, 72; LLease, 496; LifeSave, 297; MayneNic, 292; McPherson, 120; Monier, 175; PMorris, 450; Myer, 158; NZFP, 315; NZSB 90; NatAust, 330; Nat Cons, 103; News Corp, 950; Oakbridge, 123; Olims, 55; PioneerC, 179; PioneerS, 146; QBE, 305; Repco,.llB; Rothmans, 830; Sleigh, 123; Soul Pat, 800; TNT, 190; Taubmans, 145; Tooth, 420; Union Car, 295; Walton, 55; Westpac, 327; Woolworth, 245; Wormaid, 300.

Mining.—Allstate, 75; Ashton, 170; AustDev, 57; B’ville, 263; CNG.-780; CRA, 586; Carrßoyd, 140; CMI, 290; Consßtle, 475; Cudgen, 170; ERA, 185; Emperor, 330; GMKalg, 1180; Gem, 08; Gold Cop, 45; Hlll5O, 52; MIM, 412; MetalsEx, 90; NorthßH, 328; PancontM, 162; Peko, 720; Placer, 2300; Poseidon, 590; Queen Mar, 42; RGC, 450; Southland, 33; SthnPac, 21; Tasminex, 55; UCL, 205; WMC, 465; West Sand, 120; Woodsreef, 08.

Oils.—AOD, 105; AOG, 175; AmpolExp, 365; Beach, 30; Bridge, 320; Hartogen, 308; MidEMin, 97; Oil Search, 18; PancontP, 39; Santos, 800; Stirling, 07; Timor, 08; Vamgasdd, 390; Woodside, 144.