Aust. mine stock checked

Press, 23 October 1984, Page 37

Aust. mine stock checked

NZPA-AAP Sydney Australian sharemarkets closed easier on moderate turnover yesterday as resource issues came under pressure on continued speculation of widespread cuts in world oil prices. At 5.15 p.m. (New Zealand time), the all-ordinaries index was 3.2 points down at 745.4, the all industrials index was up 0.8 points at 1092.2 and the all-resources index was 6.0 points down at 477.8. National turnover was 32.64 M shares, worth sAust49.62M. Falls just outnumbered rises. Brokers said the fall in the market was exaggerated by BHP, which finished 25c down at sAustlo.lo

in an adjustment to its 25c dividend payment yesterday. But widespread selling among resource issues was prompted by fears that current pressure on oil prices might spill over into coal, while on the industrial boards, take-over activity dominated trading. The diversified resource stock, CSR, dropped 6c to $3.01. In the oil and gas sector, Santos and Bridge dropped 10c to $6.34 and $2.40, with Woodside down 4c at $l.lB. Ampol Exploration rose 15c to $2.65 and Weeks Australia 12c to 72c on speculation of encouraging results from the Challis One well in the Timor Sea.

Among the miners, CRA dropped 10c to $4.80, Western Mining 7c to $2.98, Emperor 5c to $2.75, Bougainville 3c to $1.72 while central Norseman added 10c to $5.10 and Renison 8c to $2.78. On the industrial boards, Nicholas Kiwi, for which Reckitt and Colman is offering $3.94 a share ex-bonus, rose 15c to $4.50, while AUC, for which Morgan Guaranty is offering $4.10 a share, dropped 10c to $4.25. lEL yesterday announced it had acquired 10 per cent of AUC issued capital last week for about $4.26 a share. Mayne Nickless, for which APM is offering $3.52 a share, shed six to $3.76 while Castlemaine Tooheys was steady at $5.26 after a one-for-six bonus issue. The banks were firmer with Westpac up 2c at $3.86, National lc at $3.36 and ANZ steady at $4.95 while elsewhere, Coles and Rothmans posted 5c gains to $4.20 and $10.25. Industrials.— ACI 1.90, ANI 2.66, ANZ 4.95, APM 2.36, AWA 4.90, Adel Stm 5.20, Ad’tiser 2.45, Amatil 3.90, Ampol 1.70, Ariadne .55, Ariadne new .54, BHP 10.10, Bell G 5.44, Bond Corp 1.50, Boral 3.34, Brambles 3.60, Bundaberg 2.30, Burns P 3.85, CIG 3.40, CSR 3.01, C’maine 5.26, Clyde 1.63, Coal All 3.40, Coles 4.20, Comalco 2.20, Dunlop 1.83, Elders 4.68, Email 1.42, Fairfax J 6.84, GPT 2.39, Hardie J 3.50, Herald 4.05, Hooker 1.73, Humes 1.75, ICI 2.18, Impala 1.12, Ind

Equit 7.38, Jennings 1.70, Johns Pry 3.40, Jones Dav 4.82, Jonray 2.00, Kern 1.06, L Lease 6.40, Mayne Nic 3.76, McPherson 1.49, Monier 1.55, Morris P 5.70, Myer 1.85, NZI Corp 1.00, Nat Aust 3.36, Nat Cons 1.47, News Corp 9.80, Nicholas 4.50, Oakbridge .78, Peters SI 1.67, Pioneer C 1.66, Pioneer S 1.32, Reckitt 2.85, Repco 1.19, Rothmans 10.25, Smith Hwd 4.00, Stockland 1.72, TNT 1.90, Taubmans 1.80, Walton .31, Wfield Hl 8.20, Westpac 3.86, Woolworth 2.68, Wormaid 3.02. Mining.— Aberfoyle 8.90, Ashton .92, B’ville 1.72, CN Gold 5.10, CRA 4.80, Carr Boyd .87, Cons Rtle 4.80, ERA 1.50, Emperor 2.75, GM Kalg 5.84, Hill 50 .28, MIM 2.56, Metals Ex .50, Mid E Min .34, North BH 2.36, Pancont M 1.18, Peko 5.18, Placer 21.80, Poseidon 3.15, Qld Coal 1.16, RGC 2.78, Southland .25, Sthn Pac .19, Tasminex 1.70, WMC 3.00, West Sand 1.18. Oils.— AOD .95, AOG 1.20, Ampol Exp 2,65, Beach .70, Bridge 2.40, Hartogen 2.18, Magellan 2.35, Oil Serch .20, Pancont P .30, Santos 6.34, Stirling .06, Vamgas 3.60, Weeks Pet 4.20, Woodside 1.18.