Aust, stocks in demand

Press, 1 May 1984, Page 19

Aust, stocks in demand

NZPA Sydney Insufficient stock for sale caused price rises in thin morning trading on Australian stock exchanges yesterday but brokers said the gains encouraged more sellers causing prices to come off the top by the close. Brokers expected easier physical metal prices to erode market confidence, but one broker suggested the thin market was manipulated to bolster investment figures for April 30 book closures. The all ordinaries index was up 1.8 at 755.5, the all industrials added 0.7 to 993.9 and the all resources 2.7 to 566.5. In spite of copper easing, CRA rose 6c to 616. WMC at 430 and Renison, 355 were up 5c while North Broken Hill rose 3c to 270. Reaction to recent rises on a rumoured North Broken Hill take-over saw EZ Industries fall 22c to 546. In the solid fuel section, Oakbridge at 95c and Coal and Allied 295 were both down sc. Gold stocks were quiet with Central Norseman up 10c at 610 and PekO up 6c at 510, but Emperor was off 5c at 410 in Melbourne. BHP rose 15c to 1135. Its partner in the proposed Jabiru well, Weeks Australia, closed 1c up at 168 after hitting 178 before profit-taking. Weeks Petroleum fell 10c to 510. Santos rose 2c to 672. Bridge at 280 and Beach, 52c both rose sc. Unconfirmed reports of hydrocarbons shows from the Mogga 1 well in Queensland’s Drummond Basin lifted those partners. Brunswick closed 6c up at 49, and Flinders Petroleum at 58 and' Claremont, 185, both gained 3c.

Vamgas fell 5c to 345. Industrials— ACI, 188; AGC, 280; AFL, 130; ANI, 268; ANZ, 568; APM, 201; AWA, 435; AdelStm, 460; Amatil, 350; Ampol, 175; Ariadne, 59; BHP, 1135; BellG, 524; Boral, 360; Borg-W, 240; Brambles, 295; Bundaberg, 270; BurnsP, 360; CSR, 370; Clyde, 165; Coal All, 290; Coles, 373; Comalco, 300; Dunlop, 169; EZI, 546; Elders, 403; Email, 170; JFairfax, 490; Fibre, 400; Forestwd, 140; GPT, 210; Hanimex, 80, JHardie, 340, Herald, 330; Hooker, 167; Humes, 143; ICI, 217; IndEqu, 550; Jennings, 155; Johns Pry, 300, DJones, 440, LLease, 500; Life Save, 295; MayneNic, 252; McPherson, 132; Monier, 170; PMorris, 580, Myer, 195; NZFP dd, 225; NZSB, 120, NatAust, 360, Nat Cons, 137; News Corp, 1030; Nicholas, 275; Oakbridge, 95; PioneerC, 162; PioneerS, 113; QBE, 490; Reckitt, 262; Repco, 115; Rothmans, 870; Sleigh, 140; HSmith, 387; SoulPat, 870; Stockland, 150, TNT, 192; Taubmans, 175; Tooth, 530; Walton, 50; WfieldHl, 550, Westpac, 385; Woolwth, 232; Wormaid, 320. Mining.— Ashton, 118; AustDev, 32; B’ville, 255; CNG, 610, CRA, 616; Carrßoyd, 118; Consßtle, 580; Cudgen, 200, ERA, 140; Emperor, 420, GMK, 990; Gem, 6; Gold Cop, 40, Hillso, 35; MIM, 352; MetalsEx, 61; MidEMin, 50; NorthßH, 270, NthFlndr, 205; PancontM, 137; Peko, 510; Placer, 1950; QldCoal, 118; Queen Mar, 21; RGC, 355; Southland, 36; WMC, 430; West Sand, 121. Oils.— AOG, 106; AOD, 69; AmpolExp, 425; Beach, 52; Bridge, 280, Hartogen, 300; Magellan, 195; Magnet, 11; OilSerch, 24; PancontP, 27; Santos, 672; Vamgas, 345; Weeks Pet, 510; Woodside, 125.