Australian market firmer again

Press, 24 June 1983, Page 11

Australian market firmer again

Share prices continued to rise on Australian stock markets, with institutions boosting turnover by selective buying in leading mining and industrial issues. Brokers said that the small fall in the Dow Jones ndustrial average was identified as a move out of the blue chips issues into secondary stocks, in a market which analysts believe is likely to rise. Higher metal prices encouraged the market rise. The all-ordinaries index closed 5.3 points up at 605.8, supported by the all-re-sources index which came off its high in late trading to close six points ahead at 493.4, while the all-industri-als firmed to close 4.4 points up at 744.9. Base metal stocks to rise were C.R.A., 14c to 530 c, E.Z.I. 12c to 616; W.M.C. 10c to 450 c; M.1.M., 5c to 445 c, and Bougainville 8c to 270 c. Emperor Gold added 20c to 295 c while 10c rises took Central Norseman to 810 c, and Peko to 716 c. B.H.P. closed at 820 c in Melbourne, and 814 c in Sydney on news of oil and gas

shows in its Luderick one well in Bass Strait.

Energy stocks firmed, with Santos up 6c at 666 c, Ampol Exploration 10c at 205 c, Vamgas 6c at 926 c and Bridge 5c higher at 260 c.

In Melbourne a parcel of 6.33 million Bridge rights traded, with almost seven million trading nationally. The stock closed 8c up at 113 c in Sydney.

Major rises among industrials were Elders, 15c to 380 c and Adelaide Steamship 10c to 305 c.

Retailers finned, with 5c rises taking Woolworths to 200 c and Coles to 273 c while David Jones rose 3c to 208 c.

Industrials. —Amatil, 244; ACI, 142; Adel Steam, 305; Aust Fert, 115; Ampol, 156; ANI, 248; ANZ, 430; APM, 196; Ariadne 25; ASC Props 85; AWA, 358; BHP, 820; Brambles, 265; Boral, 285; Bums P, 220; Borg W, 185; Carp, 205; CIG, 240; Clyde, 145; Comalco, 270; C’maine, 410; Coal All, 420; Coles, 273; CSR, 382; CUB, 250; Dunlop, 116; Elders, 380; Emas 112; EZI, 616; Fairfax,

275; FibreCon, 300; Gen Prop, 165; Gordon Gotch, 190; GUD, 190; Hardie James, 370; Hooker, 115; Humes, 130; Herald, 235; ICI, 173; Jennings, 160; Ind Equity, 330; D Jones, 205; Kerncorp, 66; Lendlease, 415; Lifesavers, 280; Mayne Nick, 270; McPhersons, 101; MLC, 900; Monier, 148; Myers, 143; Nat Bank, 298; Nat Cons, 83; News Corp, 520; NZ Forest, 295; Oakbridge, 140; Olims, 45; Pion Con, 150; Pion Sugar, 133; Repco, 106; Rothmans, 660; Sleigh, 90; Smith, 375; Soul, 670; Taubmans, 145; TNT, 168; Tooths, 2375; Westpac, 272; Waltons, 65; Wwths, 198; Wormaid, 290. Mining.—Aberfoyle, 720; Allstate, 42; Ashton, 163; Bougainville, 272; Cent Norse, 810; CanBoyd, 144; CRA, 530; Cons Rutile, 450; Emperor, 285; ERA, 138; Gem Ex 4; Goldmines, 980; Hill, 44; Magnet, 5; Mideast, 57; Metals Ex, 69; MIM, 445; MKU, 45; Nth BH, 293; Nth Flinders, 108; Pancont, 144; Placer, 2200; Peko, 716; Poseidon, 495; Queen Marg, 14; Renison, 430; Robe River, 175; Southland, 25; Umal, 220; WMC, 450.

Oils.—Ampol, 205; AOD, 85; AOG, 110; Beach, 24; Bridge, 260; Claremont, 100; Hartogen, 190; Magellan, 265; Oilsearch, 14; Pancont, 24; SthPac, 17; Santos, 666; Timor, 5; Stirling, 3; Vamgas, 920; lll.