Buying support lifts Aust, industrials

Press, 12 July 1984, Page 33

Buying support lifts Aust, industrials

NZPA-AAP Sydney Australian sharemarkets closed steadier yesterday having regained early losses on increased buying support for industrial issues. The all ordinaries index rose 1.7 points to 668.2, the all industrials marker rose 5.6 to 946.3 and the all resources index slipped 12 to 451.8. Brokers said some investors took advantage of the weak Australian dollar by purchasing stock in companies with contracts written in the United States currency. They said earlier weakness was due to a lower gold price and easier market tones in London and on Wall Street. Market leader BHP shed 2c to 944, Peko fell 12c to 418 and CSR 5c to 310 but among other diversified resource issues, Bell Resources gained 10c to 400. In the metals and golds sector, Central Norseman dropped 30c to 470, Emperor and GMK both 10c to 290 and 670 and CRA 3c to 452 but Poseidon defied the weaker bullion price and gained 5c to 310. In the oil and gas group, Vamgas rose 5c to 285 and

Weeks Australia and Woodside each 2c to 70 and 115, but Ampol Exploration slipped 5c to 270 and Santos 4c to 570.

In banks and finance, AGC and the seldom-traded Bank of Queensland both firmed 5c to 265 and 320, ANZ and Westpac each added 2c to 452 and 362, while National Australia dipped 3c to 325. The merchants and agents sub-index rose, as Elders IXL gained 7c to 385 and Burns Philp 2c to 322. The transport indicator rose as TNT was marked up 7c to 172. Industrial stocks to register 5c advances included Woolworths to 235, ICI to 190, AGL to 275 and CIG to 280. Westfield improved 30c to 650 and lEL 26c to 530, while 10c gains took Philip Morris to 560, Bell Group to 440 and Fairfax to 530. Boral rose 9c to 345 but Vapocure was cut 100 c to 800 and 5c discounts found CUB at 425, Ampol at 150, Lend Lease at 465 and Howard Smith at 365. Industrials.—ACl, 180; ANI, 200; ANZ, 452; APM, 215; AWA, 410; AdStm, 420; Ad’tiser, 180; Ampol, 150; Ariadne, 50; Ariadne new, 48; BHP, 944; BHP ctg, 596; GBell, 440; Bond, 138;

Boral, 345; Brambles, 290; Bundaberg, 195; BurnsP, 322; CIG, 280; CSR, 310; CUB, 425; Cmaine, 428; Clyde, 145; Coles, 367; Comalco, 236; Courtauld, 115; Dunlop, 169; EZlnd, 600; Elders, 385; Email, 125; JFairfax, 530; GPT, 207; GPT nts, 198; Hanimex, 83; JHardie, 310; Herald, 318; Hooker, 152; Humes, 148; ICI, 190; IndEqu, 530; DJones, 400; Kern, 73; LLease, 465; Life Save, 270; McPherson, 133; Monier, 160; PMorris, 560; Myer, 172; NatAust, 325; Nat Cons, 124; News Corp, 950; Nicholas, 415; Oakbridge, 77; Olims, 54; PioneerC, 138; Pioneers, 117; QBE, 440; Reckitt, 250; Repco, 106; Rothmans, 870; Sleigh, 133; HSmith, 365; Soul Pat, 882; Stockland, 150; TNT, 172; Taubmans, 160; Tooth, 550; UnionC, 220; Walton, 38; WfieldHl, 650; Westpac, 362; Wwth, 235; Wormaid, 255. Mining.—Ashton, 93; B’ville, 170; CNG, 470; CRA, 452; Carrßoyd, 73; ERA, 155; Emperor, 290; GMK, 670; GemEx dd, 65; HUI 50, 26; MIM, 273; MetalsEx, 44; MidEMin, 35; NthßH, 210; NthFlind, 190; PancontM, 102; Paringa, 70; Peko, 418; Poseidon, 310; QldCoal, 107; RGC, 250; Sthland, 31; SthnPac, 14; Tasminex, 90; WMC, 298; WestSand, 100. Oils.—AOD, 62; AOG, 128; AmpolExp, 270; Beach, 56; Bridge, 220; Magnet, 8; Oil Search, 19; PancontP, 24; Santos, 570; Vamgas, 285; Woodside, 115.