AUSTRALIA Across-the-board rises

Press, 18 December 1985, Page 41

AUSTRALIA Across-the-board rises

PA Sydney Australian stocks closed firmer as the market responded with across-the-board rises to stronger world metal and bullion prices, brokers said. At the close of trading the all ordinaries index had risen 5.7 points to 980.4, the all industrials index had gained 4.2 points to 1455.8 and the all resources index had put on 6.5 points to 614.0. The gold index was up 3.3 points to 814.8. Turnover was 42.7 M shares worth ?73.2M with falls outnumbering rises by 228 to 196. BHP traded about 900,000 shares in Melbourne and Sydney, and closed 14c up at 840. Among other market leaders, CSR gained 6c to 362 and Bell Resources shed 10c to 490.

Heavyweight mining stocks fared much better, with Western Mining, CRA and MIM featuring in large special sales. CRA put on 6c to 526, MIM gained 8c to 255 and Western Mining 5c to 311. Comalco added 7c to 182.

The feeling among brokers on Monday that gold stocks may have been bottoming out following recent losses was realised, with the gold index recording its first gain after 14 consecutive falls.

Other industrials to move were AWA, up 14c to 550, Adsteam, up 10c to 970, Boral, up 6c to 310 and the Bell Group, down 10c to 1190. Banks traded easier with the ANZ down 4c to 433, National Australia Bank down 5c to 460 and Westpac steady on 450.

Share price index futures traded firmer with December closing at 988.5 from a previous close of 983.0 and March closing 10 points up at 997.5 from 987.5. Closing quotes Last Industrial Buy Sell sale ACI 272 275 272 AGC 245 250 245 AMI - 200 200 ANI 256 259 259 ANZ 433 434 433 APM 285 287 285 AWA 554 580 550 Adel Stm 960 970 970 Ad’tiser 235 - 235 Allied Ml 300 310 305 Alpha 40 44 42 Amatil 566 - 566 Ampol 220 - 222 Ariadne 188 190 190 Ariadne dd - 195 192 Arnotts 301 310 310 A Found 200 210 209 BHP 838 840 840 Bell G 1185 1190 1190 Bond Corp 180 182 180 Boral 317 318 318 Borg-W 215 220 - Brambles 420 425 420 Brierley 580 590 580 Bundaberg 215 220 220 Bums P 500 - 500 CIG 275 278 278 CSR 362 365 362 Chase Crp - 425 425

Coal All — 510 — Coles 411 413 412 Comalco 182 185 182 Costain 205 210 —•■ Dunlop 230 232 232 Elders 296 298 296 Elders opt87 120 — 120 Email 163 166 165 Equitcorp FAI dd 148 458 153 460 150 460 Fairfax J 680 690 686 Feltex NZ — 235 — Fletcher 245 252 252 Fortuna 92 95 — GPT 206 209 208 GPT nts 198 —- — GUD 230 240 — G Gotch 300 325 — Hanimex 75 80 78 Hardie J — 319 319 Herald 520 524 520 Hooker 180 185 180 Humes 168 170 170 ICI 210 213 212 IEL Grwth 95 — 955 IEL Incme 85 90 85 Impala Ind Equit — 118 115 934 938 938 Intr Tech 26 27 26 Jennings 190 — 190 Johns Pry 530 — — Jones Dav 1015 1030 1015 Jonray 750 820 — Kern 220 222 220 Leighton 100 101 101 L Lease 580 588 594 MLC 2700 2800 2750 Martin Pr dd — 105 —

Mayne Nic McPherson 305 - 305 200 210 200 Monier 183 — 183 Morris P 1100 — 1100 Myer NZ For 340 350 342 165 170 165 NZI Corp 135 140 140 NZI Corp opt 108 — 108 Nat Aust 460 461 460 Nat Cons 210 215 215 News Corp 900 910 900 Nicholas 235 240 240 OPSM 280 285 285 Oakbridge 115 118 115 Olims 75 — — Peters SI 182 — 182 Pioneer C 223 225 222 Pioneer S 140 145 142 QBE — 630 610 Reckitt 350 —- Repco 154 156 155 Rob Jones 150 175 — Rothmans 620 630 630 Smith Hwd 440 445 440 Stockland 167 — 168 Sunshine 223 225 224 TNT 234 245 234 Taubmans 200 220 — Tooth — 520 510 Union C 310 340 — Vapocure 230 240 235 Vestcorp 90 — — Walton 35 36 36 Wattie — 275 272 Waugh Jos 135 140 135 Wfield H 1300 1340 1300 Westpac 450 452 450 White Ind 480 500 — Woolworth . 338 — 338 Wormaid 358 MINING 360 360 Aberfoyle — 850 830 Allstate — 20 — Ashton 106 110 106 Aust Devi 15 18 16 Bell Res dd 485 490 490 Bouganvle 185 187 185 CN Gold 600 610 610 CRA 526 — 526 Carr Boyd 145 150 145 CMI 290 — — Cons Rtle 660 680 — Cudgen — 290 — ERA 160 161 160 Emperor 270 280 — GM Kalg 830 840 840 Hill 50 26 27 26 Kidston 480 490 485 MIM 256 258 258 Metals Ex 35 — 35 Mid E Min —— 28 — Niugini 187 190 188 North BH 216 217 216 Nth Flndr 270 290 — Pancont M 172 173 173 Paringa — 95 95 Paringa opt — 15 — Peko 485 490 488 Placer 2420 2550 — Poseidon 265 270 270 Qld Coal 142 143 142 RGC 495 500 495 Southland dd — 275 280 Sthn Pac 16 19 WMC 310 312 311 West Sand 145 148 — Whim Crk 240 OILS 245 240 AOG 135 145 140 Ampol Exp 250 255 250 Beach 65 70 68 Bridge 192 195 195 Claremont 115 120 — Crusader 185 190 190 Hartogen 180 185 185 L’reach 0 —- 24 — Magellan 200 — —- Magnet 10 11 —— Offshore 12 13 13 Oil Serch 35 38 38 Pancont P 21 22 21 Peko Oil 77 80 78 Santos 510 516 510 Vamgas — 280 280 Weeks Pet 610 670 — Woodside 116 120 118