Aust, market easier

Press, 13 July 1984, Page 8

Aust, market easier

NZPA-AAP Sydney Australian sharemarkets closed slightly easier under selling pressure yesterday as investors sold stocks after negative signals from abroad. At 3 p.m., the all-ordinaries index was 2.5 points lower at 665.7 points, the all-industrials marker was up 0.3 points at 946.5, and the all-resources index was 4.4 points weaker at 447.4.

National turnover was 52.24 M shares, worth sAusts2.s6M, falls outnumbering rises 181 to 140. Brokers said a SUS 4 decline in the gold price and sharp falls on the London Stock Exchange and Wall Street

prompted the heavy selling. They added that the price falls were not as severe as originally expected. BHP lost 14c to 930, its contributing shares 16c to 580 c, and Peko 13c to 405. In the oil and gas sector, Hartogen slipped 6c to 204, Claremont, 5c to 155, Santos and Woodside both 4c to 566 and 111 and Weeks Australia, 3c to 67c. Magellan, however, gained 10c to 185.

Among metal and gold stocks, Nuigini Mining lost 20c to 410, 10c cuts took Aberfoyle to 540, Emperor to 280, and GMK to 660, Pancontinental fell 7c to 95, Western Mining, 6c to 292, and Bougainville, 5c to 165.

Industrial issues to post additions included, Fairfax, 40c to 570 and lEL, 10c to 540, while 5c improvements found Mayne Nickless at 240, CUB at 430, Monier at 165 and AGL at 280. However, News Corp was down 20c to 930, Bell Group 10c to 430, and Boral 5c to 340. The take-over target, Nicholas Kiwi, being sought by Castlemaine Tooheys, eased 1c to 415, with about 436,000 shares traded nationally for a value of about ?I.BIM. Industrials.—ACl, 178; AFL, 115; ANI, 200; ANZ, 452; APM, 213; ASC Prp, 89; AW A; 412; Ad Stm, 420; Aa’tiser, 180; Amatil, 331; Ampol, 150; Ariadne, 49; Ariadne new, 46; BHP, 930; BHP ctb, 580; Bell, 430; Bond, 138; Boral, 340; Brambles, 292;

Bundaberg, 198; Burns P, 320; CSR, 310; CUB, 430; C’maine, 428; Clyde, 145; Coal All, 245; Coles, 367; Comalco, 235; Dunlop, 165; EZ Ind, 600; Elders, 382; Email, 125; J Fairfax, 570; GPT, 207; J Hardie, 310; Herald, 320; Hooker, 148; Humes, 152; ICI, 187; Impala, 95; Ind Equ, 540; Jennings, 145; Johns Pty, 280; D Jones, 404; Mayne Nick, 240; McPherson, 128; Monier, 165; Myer, 170; NZFP dd, 220; Nat Aust, 326; Nat Cons, 122; News Corp, 930; Nicholas, 415; Oakbridge, 78; Pioneer C, 140. Pioneer S, 120; Reckitt, 250; Repco, 107; Rothmans, 874; Sleigh, 135; Soul Pat, 880; Stockland, 150; TNT, 172; Tooth, 550; Union C, 220; Walton, 37; Wfield Hl, 650; Westpac, 364; W’wths, 234; Wormald, 255.

Mining.—Aberfoyle, 540; Ashton, 92; Aust Dev, 30; B’ville, 165; CNG, 470; CRA, 450; Carr Boyd, 72; CMI, 210; Cons Rtle, 440; Cudgen, 160; ERA, 153; Emp, 280; GMK, 660; Gem Ex dd, 60; Hill 50, 25; MIM, 272; Metals Ex, 41; Muswllbrk, 98; Nth BH, 210; Nth Flndr, 190; Pancont M, 95; Paringa, 70; Peko, 405; Poseidon, 308; Qld Coal, 105; RGC, 250; Sthland, 30; Sthn Pac, 14; WMC, 292.

Oils.—AOD, 64; AOG, 130; Ampol Exp, 270; Beach, 55; Bridge, 220; Hartogen, 204; Magellan, 185; Oil Serch, 18; Pancont P, 23; Santos, 566; Stirling, 4; Vamgas, 285; Woodside, 111.