AUSTRALIA Gold stocks rise

Press, 2 August 1985, Page 13

AUSTRALIA Gold stocks rise

NZPA-AP Sydney * Australian sharemarkets closed firmer, propelled by shortage of scrip and high institutional liquidity, brokers said. They said the market opened strongly, with gold stocks forging ahead on the back of a 300 c an ounce increase in the New York gold price overnight. Speculation that CSR may have found a buyer for half its Delhi subsidiary also buoyed resource stocks. Near the close of trading, the all ordinaries index had added 3.7 points to 939.8 and the gold index had climbed 11.3 points to a record 1058.2. The all industrials index rose 2.7 points to 1363.5 and the all resources marker gained 4.4 points to 611.5. The National turnover was 64.2 million shares, valued at $69.4 million, with rises outnumbering falls by nine to five. Further conflict in South Africa reinforced off-shore interest in domestic gold stocks, with Renison adding 20c to 540, GMK 10c to 1130, Poseidon 10c to 435, Sons of Gwalia 8c to 268 and Emperor 5c to 430. Placer, however, fell 80c to 2570 and Central Norseman 4c to 966. Kidston was steady on 510. A beach sand miner, Consolidated Rutile added 10c to 600. CSR firmed 9c to 334, following its 7c gain on Wednesday. BHP rose 8c to 674, CRA fell 4c to 610 and Bell Resources shed 16c to 700. North Broken Hill eased 2c to 230, Bougainville 3c to 212, and MIM 3c to 280, while Western Mining added 5c to 428. Santos gained 30c to 600, Vamgas 10c to 410 and Howard Smith 10c to 495 as buyer interest returned to Cooper Basin stocks after recent oil and gas finds, brokers said.

Industrial stocks were quiet, with Castlemaine easing 6c to 754, Coles 4c to 382 and TEL 6c to 670.

Closing quotes Last Industrial Buy Sell sale ACT 263 271 270 AGC 273 278 278 AMI 245 —- ANI 274 277 280 ANZ 534 536 534 APM 285 288 288 AWA 480 485 480 Adel Stm 880 890 890 Ad’tiser 265 270 — Allied Ml 280 285 — Amatil 510 — 510 Ampol 200 205 200 Ariadne 56 57 56 Arnotts 370 375 370 A Found 168 170 — BHP 674 678 674 Bell G 780 790 790 Bond Corp 155 160 157 Boral 355 360 357 Borg-W 265 270 — Brambles 385 395 390 Bundaberg 200 203 203 Burns P 430 435 435 CIG 287 — 290 CSR 333 334 334 C’maine 754 758 754 Coal All 514 —— 520 Coles 383 385 382 Comalco — 208 208 Costain 175 185 — Dunlop 258 260 258 Elders 316 317 317 Elders opt 55 70 — Email 148 150 150 Fairfax J 800 810 800 Feltex NZ 195 205 200 Fletcher 255 258 258 GPT 215 216 215 GPT nts 210 212 210 GUD 240 — — G Gotch 305 310 306 Hanimex 88 90 88 Hardie J 318 322 320 Herald 490 495 490 Hooker 179 180 180 Humes 173 175 172 ICI 200 201 200 IEL Grwth 105 116 105 IEL Incme — 85 80 Impala 90 100 — Ind Equit 670 680 670 Intr Tech 27 30 28 Jennings 190 195 191 Johns Pry 412 — — Jones Dav 750 800 750 Jonray 550 570 — Kern 138 140 138 Kern pref — 175 — Leighton 140 145 145 L Lease 708 710 710 Life Save 350 — — MLC 2740 2775 2750 Martin Pr 68 70 70 Mayne Nic 315 — 320 McPherson 165 167 165 Monier 180 184 185 Morris P 710 — 710 Myer 312 316 315 NZ For 198 — 200 NZI Corp 128 130 131 NZI Corp opt 95 100 — Nat Aust 465 470 470 Nat Cons 210 215 — News Corp 640 650 647 Nicholas 200 — 200

OPSM 284 285 284 Oakbridge 117 118 118 Olims 68 70 — Peters SI 183 184 183 Pioneer C 195 196 195 Pioneer S 133 — 133 QBE 620 630 — Reckitt —. — 380 Repco 135 136 135 Rothmans 490 500 — Smith Hwd 495 500 495 Stockland 166 167 168 TNT 220 — 220 Taubmans 183 185 183 Tooth 598 600 600 Union C 260 — — Vapocure 500 550 510 Vestcorp 115 — 115 Walton 43 45 45 Waugh Jos — 151 — Wfield Hl 950 970 960 Westpac 490 491 490 White Ind 410 450 410 Woolworth 332 335 333 Wormaid 395 398 398 MINING Aberfoyle 1100 1120 1100 Allstate 23 24 23 Alpha 46 — 48 Ashton 117 118 117 Bell Res 690 700 700 Bouganvle 212 215 212 CN Gold 960 970 966 CRA 608 612 610 Carr Boyd 190 192 190 CMI 275 280 — Cons Rtle 600 — 600 Cudgen 260 270 265 ERA 166 167 166 Emperor 425 430 430 GM Kalg 1130 1140 1130 Hill 50 27 30 28 Kids ton 504 520 510 MIM 280 281 280 Metals Ex 51 52 52 Mid E Min 35 38 — North BH 230 235 230 Nth Flndr 180 — — Pancont M 198 200 200 Paringa 110 120 — Paringa opt 12 — —- Peko 470 475 475 Placer 2550 — 2570 Poseidon 430 435 435 Qld Coal 171 172 172 RGC 540 550 540 Southland dd 136 140 — Sthn Pac 17 19 — WMC 427 430 428 West Sand — 138 138 Whim Crk 300 305 300 OILS AOD 106 — — AOG 120 — 120 Ampol Exp 265 272 270 Beach 92 95 92 Bridge 250 253 250 Claremont 165 170 165 Crusader 255 260 255 Hartogen 220 230 220 L’reach 0 16 20 — Magellan 225 — — Magnet — 16 16 Offshore 16 17 17 Oil Serch 32 34 32 Pancont P 30 31 30 Santos 596 600 600 Vamgas 410 — 410 Weeks Aus 83 84 84 Weeks Pet 600 650 — Woodside 128 130 129