Widespread decline
Prices eased across the boards on Australian stock exchanges yesterday. Among leading stocks there were few exceptions, and even the rises on the London Metal Exchange overnight were ignored by vestors.
B.H.P. fell 16c to 954 c, and CSR was marked down 16c to 360 c. The ANZ Bank fell 5c to 400 c with turnover over 130,000 in Melbourne. L.N.C. Industries gained 25c to 200 c on take-over rumours.
Hamersley, which reported a quarterly profit increase from SI.7M to $10.4M, rose 5c to 255 c. Consolidated Gold CRA, Renison, B.H. South, and Western Mining Utah and Pancontinental were lower. Oils were also easier.
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Press, 20 April 1979, Page 12
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106Widespread decline Press, 20 April 1979, Page 12
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