AUSTRALIA Retail leads rise

Press, 10 August 1985, Page 24

AUSTRALIA Retail leads rise

NZPA Sydney Australian sharemarkets closed at record highs yesterday, prices rising across the boards, underpinned by strong demand for retail stocks. Brokers said investors were initially encouraged by an improved performance on Wall Street. Gains gathered momentum in the afternoon as takeover situation stocks continued to attract buying interest. By the end of trading, the all-ordinaries index eclipsed its previous closing high of 941.3 (on July 25) to close 6.7 points up at 941.7. The all-industrials also closed at a record, gaining 8.8 points to 1371.2. The all-re-

sources indicator added 5.1 points to 609.0 and the gold index rose five points to 1031.7. Myer highlighted trading with a gain of 10c to 335 on national turnover of 1.7 M shares. Coles added 15c to 395 and Woolworths 10c to 346. Brokers said heavy demand for Myer was sparked by the alternative cash share offer of three Coles shares plus 552 which many investors saw as a cheap entry into Coles.

Closing quotes Last Industrial Buy Sell sale ACI 265 266 265 AGC 290 296 295 AMI 245 —- — ANI 268 270 270 ANZ 518 520 518 APM 293 300 295 AWA 494 510 502 Adel Stm 874 880 880 Ad’tiser 250 255 — Allied Ml 280 — 280 Amatil 510 512 510 Ampol 206 210 210 Ariadne 57 58 58 Arnotts 368 372 370 A Found 165 — 165 BHP 684 686 686 Bell G 780 782 780 Bond Corp 152 155 155 Boral 348 350 350 Borg-W 260 270 265 Brambles 390 400 390 Bundaberg 192 195 195 Burns P 445 448 448 CIG 280 288 288 CSR 325 326 325 C’maine 758 760 758 Coal All 560 561 560 Coles 395 400 395 Comalco 193 195 195 Costain 185 — — Dunlop 252 253 253 Elders 316 320 316 Elders opt 65 68 65 Email 150 153 152 Fairfax J 790 810 800 Feltex NZ 208 — — Fletcher 265 270 270 GPT 216 218 218 GPT nts 210 212 210 GUD 240 —■ — G Gotch 305 310 306 Hanimex 86 90 — Hardie J 317 318 318 Herald 475 490 480 Hooker 190 192 192 Humes 174 175 175 ICI . 205 210 205 IEL Grwth 108 110 107 IEL Incme 75 80 — Impala 90 100 — Ind Equit Inter Tech — 688 684 28 — 30 Jennings 188 — 188 Johns Pry 428 — 430 Jones Dav 800 — 800 Jonray 610 — 610 Kern 150 155 155 Leighton 138 141 140 L Lease 696 700 700 MLC 2700 2750 — Martin Pr 67 69 68 Mayne Nic McPherson 315 168 172 Monier 195 198 195 Morris P 710 720 — Myer NZFP 335 — 335 195 205 200 NZI 125 128 128 NZI Corp 0 — 100 —

Nat Aust 468 470 470 Nat Cons 225 230 228 News Corp 660 — 660 Nicholas — 190 190 OPSM 278 280 280 Oakbridge 120 122 121 Olims 70 73 73 Peters Si 180 182 182 Pioneer C 197 198 198 Pioneer S 133 135 135 QBE 620 — 620 Reckitt 380 385 380 Repco 131 133 132 Rothmans 496 510 500 Smith Hwd 582 586 580 Stockland 167 168 167 TNT 223 225 224 Taubmans 183 185 183 Tooth 590 — 590 Union C 265 275 — Vapocure 500 510 510 Vestcorp 115 120 — Walton 41 43 42 Waugh Jos WfieTd Hl 140 — 140 980 1000 1000 Westpac 483 485 484 White Ind 420 430 425 Woolworth 346 348 346 Wormaid 392 MINING 395 392 Aberfoyle 1050 1080 1060 Allstate 22 — — Alpha — 48 48 Ashton 113 — 115 Aust Devi 16 17 17 Bell Res 690 700 690 Bouganvle 192 193 192 CN Gold 900 920 920 CRA 582 584 582 Carr Boyd 180 185 185 CMI 278 285 — Cons Rtle 610 620 610 Cudgen 265 — 265 ERA 167 168 168 Emperor 415 420 415 GM Kalg 1050 1090 — Hill 50 27 28 28 Kidston 530 534 530 MIM 268 270 268 Metals Ex 47 — 47 Mid E Min 32 37 — North BH 245 — 245 Nth Flndr 215 — 210 Pancont M 197 200 197 Paringa 115 — — Paringa op 24 — — Peko 465 467 468 Placer 2650 2700 2650 Poseidon — 415 412 Qld Coal 175 176 175 RGC 544 556 550 Southland 150 155 150 Southn Pac 17 18 17 WMC 418 420 418 West Sand — 142 125 Whim Crk 320 OILS — 315 AOD 105 115 — AOG 120 — 120 Ampol Exp 270 275 — Beach 97 100 98 Bridge 246 250 245 Claremont 170 175 170 Crusader — 255 — Hartogen — 220 220 L’reach 0 18 — 19 Magellan 225 — 230 Magnet 14 — 14 Offshore 16 17 17 Oil Search 30 34 32 Pancont P 30 31 30 Santos 586 588 586 Vamgas 410 415 412 Weeks Aus 80 81 81 Weeks Pet 600 650 — Woodside 128 130 129