AUSTRALIA BHP gain helps hold up prices

Press, 4 December 1985, Page 45

AUSTRALIA BHP gain helps hold up prices

NZPA Sydney Australian shares closed slightly easier yesterday after negative information from overseas markets and lack of confidence in gold stocks, dealers said. Gains by BHP pulled the market up with the purchase of around 10 million shares by Bell chief, Robert Holmes aCourt, in an op-tions-related deal bolstering turnover. By the close of trading

the all ordinaries index fell 1.4 points to 986.8, the all industrials index 4.9 points to 1457.4, the all resources index rose 1.1 points to 623.5. The gold index fell 10.1 points to 926.8. Turnover was 58.73 M shares, worth SI79M, with falls outnumbering rises 264 to 155. Market leader BHP was at the centre of action with 14M shares traded. It finished 16c up at 842 c. Among

other market leaders, CSR fell 2c to 348 c, MIM 3c to 242 c, CRA 4c to 532 c and Western Mining 10c to 312 c. Bell Resources remained steady at 480 c as did, North Broken HUI at 220 c. Peko gained 6c to 516 c. Among the miners, 5c cuts took Comalco to 160, Sons of Gwalia to 335 c and Poseidon to 345 c. GMK fell 10c to 980 c, Kidston 12c to 552 c and Central Norseman 14c to 686 c.

Niugini mining added 30c to 230 c, and Bougainville 2c to 182 c, Renison, Metana and Emperor remained steady at 520 c, 290 c and 300, respectively Santos lost 4c to 542 c.

Closing quotes Last Industrial Buy Sell sale ACI 278 280 280 AGC 245 248 245 AMI — 230 — ANI 268 270 270 ANZ 475 476 475 APM 288 290 290 AWA - 580 576 Adel Stm 940 950 950 Ad’tiser 305 — 305 Allied Ml 310 315 310 Alpha 40 — 44 Ama til 560 564 560 Ampol 220 222 222 Ariadne dd 200 203 200 Arnotts 320 330 330 A Found 185 190 — BHP 842 844 842 Bell G 1155 1160 1155 Bond Corp 222 225 225 Boral 313 314 314 Borg-W — 235 230 Brambles 435 440 440 Brierley 570 580 580 Bundaberg 195 200 195 Burns P 524 526 526 CIG 275 278 278 CSR 346 348 348 C’maine 800 — 800 Chase Crp 370 380 380 Coal All 550 580 — coles 412 416 412 Comalco 155 160 160 Costain 200 205 200 Dunlop 226 230 228 Elders 292 295 292 Elders opt 120 130 125 Email 155 158 155 Equitcorp 147 150 150 FAI dd 470 475 475 Fairfax J 680 690 680 Feltex NZ — 235 — Fletcher 245 250 — Fortuna 85 102 100 GPT 212 214 214 GPT nts ■ 195 — 195 GUD 240 250 240 G Gotch 320 340 — Hanimex 91 — 91 Hardie J 320 327 325 Herald 564 570 568 Hooker 202 205 202 Humes 175 178 176 ICI 210 212 212 IEL Grwth — 90 90 IEL Incme — 94 93 Impala Ind Equit 115 120 842 120 842 Intr Tech — 25 — Jennings 190 — 190 Johns Pry 520 — — Jones Dav 990 1010 1000 Jonray 710 800 — Kern 205 209 209 Leighton 103 104 104 L Lease 604 608 608 MLC 2700 2800 — Martins Prd dd 110 115 112 Mayne Nic McPherson 315 185 320 188 Monier 188 190 188 Morris P 110 1130 — Myer 330 — — NZ For — 220 — NZI Corp 130 139 135 NZI opt — 130 — Nat Aust 470 472 470 Nat Cons 220 225 — News Corp 850 856 850 Nicholas — 235 — OPSM 268 270 270 Oakbridge 126 127 126 Olims 70 85 — Peters SI 180 182 182 Pioneer C 220 224 222 Pioneer S 140 — 140 QBE 610 620 — Reckitt — 370 365 Repco Rob Jones 135 138 135 188 192 188 Rothmans 600 610 604 Smith Hwd 435 — 435 Stockland 164 165 165 Sunshine 238 240 240 TNT 230 235 235 Taubmans 190 200 200 Tooth 550 560 550 Union C 300 340 — Vapocure 265 280 — Vestcorp 90 93 93 Walton 32 33 33 Wattie 270 — 280 Waugh Jos 135 140 140 Wfield Hl 1300 1360 — Westpac 450 455 455 White Ind 560 590 560 Woolworth 332 334 332 Wormaid 365 370 365 MINING Aberfoyle — 880 — Allstate — 25 — Ashton 110 115 no Aust Devi 17 — — Bell Res dd 475 479 480 Bouganvle 180 182 182 CN Gold 680 690 686 CRA 530 532 532 Carr Boyd 170 175 170 CMI 290 — — Cons Rtle 660 680 — Cudgen — 300 — ERA 158 160 160 Emperor 300 305 300 GM Kalg 980 — 980 Hill 50 27 28 27 Kidston 540 550 552 MIM 240242 242 Metals Ex 36 40 36 Mid E Min 25 30 — Niugini 225 230 230 North BH 220 222 220 Nth Flndr 275 305 — Pancont M 180 185 185 Paringa 110 115 — Paringa opt Peko —- 19 — 510 520 516 Placer 2480 2550 — Poseidon 345 350 345 Qld Coal 148 149 149 RGC 524 530 520 Southland dd 290 295 290 Sthn Pac — 18 — WMC 310 312 312 West Sand 140 150 148 Whim Crk 270 278 275 MLS AOG 130 — 130 Ampol Exp 265 — Beach 83 85 83 Bridge 202 205 205 Claremont 135 144 140 Crusader 185 195 190 Hartogen 200 205 205 L’reach 0 — 25 — Magellan — 200 200 Magnet 10 12 11 Offshore 13 14 14 Oil Serch 37 38 38 Pancont P 24 25 25 Peko Oil 85 90 90 Santos 540 548 542 Vamgas 320 315 Weeks Pet — 670 — .Woodside 125 127 127