Australian market still rising

Press, 24 January 1985, Page 18

Australian market still rising

NZPA-AAP-Reuter Sydney Australian sharemarkets rallied in the afternoon yesterday, closing firmer across the boards after mixed signals from overseas added a touch of caution to early business. At 3,15 p.m. the allordinaries index was 1.5 points firmer at 758.3, the all-industrials marker was up 1.2 points at 1135.3, and the all-resources indicator was up 1.7 at 469. National turnover totalled 55.89 M shares, worth about sAust77.s6M, rises outnumbering falls about 183 to 158. Brokers said overnight signals from Wall Street were mixed, causing some uncertainty in early local trading. They said the weaker gold and oil prices and the lower copper price had put pressure on local mining and oil stocks. Among diversified resource issues, BHP rose 4c to $5.16, and Bell Resources was up 5c at $4.50. CSR was steady at $2.72, although signs of weakness began to appear after the company announced plans to raise sAust247M through a one-for-three rights issue. Media stocks were again in demand with John Fairfax up 30c at $6 on news

that the company has bought the “Spectator” magazine in Britain. Continued speculation of a possible Robert Holmes aCourt move on the Herald and Weekly Times pushed that company’s shares along another 10c to $4.20 and News Corp was also up 15c at $12.25. Southern Goldfields rose 2c to 30c after FAI Investment Pty, Ltd, announced it would offer on market 28c a share for all the company’s issued capital. The banks were easier with the National Australia off 7c at $3.65, Westpac down 3c at $3.47 and the ANZ steady at $4.78. Among metals and golds, Niugini Mining slipped 20c to $10.50, and 10c declines took Emperor to $2.20, GMK to $5.20, Poseidon to $2.80, and Aberfoyle to $8.50. On the other hand, Placer jumped 40c to $22, Consolidated Rutile was up 10c at $5.30, CRA rose 8c to $5.44 and Vamgas firmed 5c to $3.20. Elsewhere on the industrial boards, Myer rose 9c to $1.85, Wool worths was up 6c at $3.05, Castlemaine Tooheys was 7c firmer at $4.45 and heavily traded Boral ended steady at $3.20. Industrials.— ACI 1.96, ANI 2.50, ANZ 4.78, APM 2.43, AWA 5.16. Adel Stm 6.60, Ad'tiser

2.45, Ampol 1.76, Ariadne .50, BHP 5.16, Bell G 4.80, Bond Corp 1.23, Boral 3.20, Borg-W 2.78, Brambles 3.72, Bundaberg 2.00, Burns P 3.92, CIG 3.35, CSR 2.72, C’maine 4.45, Clyde 1.65, Coal All 3.05, Coles 4.00, Dunlop 2.15, Elders 3.06, Email 1.23, Fairfax J 6.00, GPT 2.24, Hardie J 3.05, Herald 4.15, Hooker 2.02, Humes 1.73, ICI 2.19, Impala .85, Ind Equit 5.34, Jennings 1.65, Johns Pry 3.35, Jones Dav 5.04, Kauri 1.07, Kern 1.30, L Lease 5.46, Life Save '2.85, Mayne Nic 3.15, McPherson 1.45, Monier 1.62, Myer 1.85, NZFP 1.75, NZI Corp .97, Nat Aust 3.65, Nat Cons 1.52, News Corp 12.25, Oakbridge .65, Olims .60, Peters SI 1.80, Pioneer C 1.70, Pioneer S 1.25, Reckitt 3.15, Repco 1.15, Smith Hwd 3.65, Soul Pat 11.30, Stockland 1.66, TNT 1.89, Taubmans 1.45, Union C 2.30, Walton .37, Westpac 3.47, Woolworth 3.05, Wormaid 3.20. Mining.— Aberfoyle 8.50, Allstate .29, Ashton .77, Bouganvle 1.92, CN Gold 5.10, CRA 5.44, Carr Boyd .85, Cons Rtle 5.30, ERA 1.45, Emperor 2.20, GM Kalg 5.20, Hill 50 .23, MIM 2.55, Mary Kath .16, Metals Ex .44, North BH 2.25, Pancont M .98, Paringa .90, Peko 4.20, Placer 22.00, Poseidon 2.80, Qld Coal 1.20, Queen Mar .20, RGC 3.73, Tasminex 1.50, WMC 3.09, West Sand 1.35. Oils.— AOD 1.05, Ampol Exp 2.25, Beach .60, Bridge 2.25, Hartogen 2.15, Magellan 2.20, Oil Serch .27, Pancont P .21, Santos 5.26, Vamgas 3.20, Woodside .88.