AUSTRALIA Market reacts to report

Press, 15 January 1986, Page 28

AUSTRALIA Market reacts to report

PA Sydney Australian sharemarkets closed easier as the market reacted to worse-than-expected balance of payments figures and with gold stocks wiping out Monday’s gains. At the close of trading the all-ordinaries index had fallen 2.2 points to 1048.9, but. the allindustrials index rose 0.1 point to a record 1546.9. The allresources index lost 3.7 points to 664.4, while the gold index dropped 31.7 points to 954.1. Turnover was 48M sharesworth S7IM, with falls outnumbering rises by 223 to 210. Brokers said a late rally in industrial stocks following earlier profit-taking had propped the market up. About 600,000 BHP shares were traded and the stock fell 2c to 894. Among other market leaders, CSR remained steady on 370 while Bell Resources lost 6c to 580.

After recent strong gains, the mining sector was down across the board, with MIM the exception, adding 2c to 295. CRA lost 12c to 582, Western Mining 2c to 360 and Elders 4c to 116.

Gold stocks tumbled, with Central Norseman losing 30c to 720, GMK the same to 900 and Kidston 20c to 560.

The easier tone flowed to the oil and gas sector, with Santos off 6c to 536, Woodside down 5c to 115, Ampul Exploration off 2c to 260 and Bridge Oil up 2c to 222. lEL provided the main interest on the industrial board, adding 46c to 744. A related company, Brierley Investments, lost 10c to 534. A comparatively light 450,000 Pioneer Concrete shares were traded with the price remaining at 270. Arnotts added 15c to 350, Lend Lease 10c to 630, ICI 7c to 240 and James Hardie 3c to 328. Brambles lost 10c to 450.

‘ In share price index futures, active March opened firmer at 1062.0 from 1059.6 but traded downwards close. to 1049.6 at the Industrial Closing quotes Last Buy Sell sale ACI 295 298 298 AGC 250 255 255 AMITyota 160 200 — ANI 298 302 300 ANZ 468 470 468 APM 306 307 307 AWA 570 580 580 AdelStm 1080 1085 1085 Ad’tiser 222 225 — AiliedMl 300 325 325 Alpha 32 - 32 Amatil 600 610 610 Ampol 240 243 240 Ariadne 200 206 206 Ariadne dd - 205 ■ ■ Arnotts 345 350 350 AFound 217 220 220 BHP 892 894 894 BellG 680 686 682 BondCorp 200 202 200 Boral 330 333 333 BorgW 220 225 225 Brambles 450 460 450 Brierley 534 536 534 Bundalierg 250 - 250 BurnsP 516 520 520 CIG 305 310 305 CSR 370 371 370 C’maine 750 800 — ChaseCrp 420 440 — CoalAll 504 - 504 Coles 459 460 460 Comalco 192 195 193 Costain - 220 — Elders 302 305 305 Elders opt 135 140 135 Email 176 - 176 Equitcorp 185 190 190 FAI dd 540 542 540 FairfaxJ 700 720 — FeltexNZ 220 230 — Fletcher 240 255 — Fortuna 84 89 — GPT 223 - 225 GPT nts 213 - — GUD 230 - — GGotch 300 320 300 Hanimex 88 90 86 HardieJ 328 330 328 Herald 520 — 520

Hooker 186 187 187 Humes 175 180 177 ICI 240 242 240 lELGrwth 90 98 95 lELIncme 75 85 — Impala 110 115 110 InaEquit 740 750 744 IntrTech 27 28 28 Jennings 205 208 205 JohnsPry 530 540 — JonesDav 1060 1100 1070 Jonray 790 860 800 Kern 205 220 205 Kern pf 210 — — Leighton 86 88 88 LLease 628 632 630 MLC — 2700 2700 MartinPr dd 110 ■ ■ — MayneNic 335 338 338 McPherson 230 235 230 Monier 200 205 200 MorrisP 1100 1120 — NZFor — 175 — NZICorp NatAust 136 468 138 470 138 470 NatCons 245 250 245 NewsCorp 936 940 938 Nicholas ' 280 290 290 OPSM 310 — 310 Oakbridge 125 130 130 Olims 75 80 75 PacDunlp 255 258 260 PetersSl 201 210 205 PioneerC 270 271 270 PioneerS 148 152 150 QBE 610 — Reckitt 370 380 375 Repco 151 — 152 RooJones 195 205 205 Rothmans 620 — — SmithHwd — 470 470 Stockland 162 165 165 Sunshine 222 225 — TNT 261 265 263 Taubmans 200 — 200 Tooth 550 ■ — 550 UnionC 360 380 375 Vapocure — 250 — Vestcorp 95 98 95 Walton 35 36 35 Wattie 248 250 WaughJos WfieldHl 140 145 — 1330 1350 — Westpac 458 459 459 Whitelnd 570 574 570 Woolworth 340 343 340 Wormaid 355 360 355 MINING Aberfoyle — 940 —

Allstate — 20 — Ashton 125 128 127 AustDevl 14 15 15 BellRes dd 570 582 580 Bouganvle CNGold 214 216 215 700 720 720 CRA 582 590 582 CarrBoyd 165 168 173 CMI —- 320 — ConsRtle 850 900 850 Cudgen 360 400 360 ERA 162 163 163 Emperor GMKalg 355 890 360 910 360 900 Hill50 31 32 31 Kidston 560 570 560 MIM 294 295 295 MetalsEx 40 — 42 MidEMin 22 26 — Niugini 225 228 225 NorthBH 248 250 250 NthFlndr 330 345 325 PancontM 180 —• 178 Paringa 105 105 Paringa opt — 20 — Peko 530 536 536 Placer 2400 2600 . —— Poseidon 285 288 285 QldCoal 149 150 149 RGC 530 540 530 Southland 250 255 250 SthnPac 18 19 18 WMC 358 360 360 WestSand 152 155 155 WhimCrk 245 250 245 OILS AOG 165 175 170 AmpolExp — 260 260 Beach 73 74 74 Bridge 220 225 222 Claremont 118 120 120 Crusader 190 200 192 Hartogen — 205 200 Magellan — 230 — Magnet 10 11 — Offshore 12 13 13 OilSerch 32 38 38 PancontP 20 23 23 PekoOil 76 77 77 Santos 536 538 536 Vamgas 295 300 300 WeeksPet 740 760 750 Woodside 115 117 115