AUSTRALIA Gold sets record trade

Press, 17 January 1986, Page 8

AUSTRALIA Gold sets record trade

PA Sydney Australian sharemarkets surged to a record close following a major rise in gold prices in London and New York overnight and increased take-over activity, brokers said. At the close of trading the all ordinaries index had risen 10.4 points to 1060.9, compared with its previous record close of 1052.2 recorded on October 25 last year. The all industrials had added 6.3 points to a record 1555.4, the all resources index 12.9 points to 678.4 and the gold index 51.6 points to 1000.4. Turnover was 76.2 M shares worth $138.8M, with rises outnumbering falls by 342 to 122. The highlight of the day’s trading was the announcement of lEL’s planned partial takeover of North Broken Hill. NBH’s share price jumped 22c to 270 on a turnover of about 2.8 M shares, while lEL fell to 720 in early trading before recovering and closing 18c up at 748. A series of special sales in BHP near the close also boosted trading, with Potts West Specialling three million at 900 and a further million shares being crossed. BHP finished 6c up at 900. Among other market leaders CSR added 6c to 378 and Bell Resources 10c to 590. The mining sector was particularly strong, with advances

leading declines by 138 to 22. CRA gained 4c to 590, MIM 11c to 306, Western Mining 14c to 370 and Peko 10c to 546. Banks traded mixed, with the ANZ off 5c to 465, the National Australia Bank down 1c to 474 and Westpac up lc to

458. Closing quotes Last Industrial Buy Sell sale ACI 300 301 301 AGO 245 255 250 AMI Tyota 180 — 200 ANI 298 — 300 ANZ 463 465 465 APM 315 320 315 AWA 560 570 570 Adel Strn 1090 1100 1100 Ad’tiser 225 — 225 Allied Ml 320 330 325 Alpha 38 — 38 Amatil 610 616 610 Ampol 240 — 240 Ariadne 200 205 205 Ariadne dd 200 205 205 Arnotts 335 340 340 A Found 210 220 210 BHP 900 902 900 Bell G 700 706 700 Bond Corp 212 214 212 Boral 336 338 336 Borg-W 225 235 225 Brambles 445 — 445 Brierley — 534 534 Bundaberg 245 250 245 Burns P 510 512 510 CIG 305 310 305 CSR 377 378 378 C’maine 750 800 — Chase Crp — 430 430 Coal All 508 — 510 Coles 455 458 458 Comalco 202 205 202 Costain — 220 220 Elders 310 312 310 Elders opt 140 145 140 Email 176 178 178 Equitcorp 188 190 188 FAI dd 586 588 590 Fairfax J 700 710 700 Feltex NZ 225 230 — Fielder 260 270 260 Fletcher — — 242 Fortuna 84 90 — GPT 225 — 225 GPT nts 215 218 218 GUD 230 — — G Gotch — 310 — Hanimex 88 90 — Hardie J 340 345 340 Herald 516 — — Hooker 186 — 185 Humes 178 180 180 ICI — 240 238 IEL Grwth 90 98 90 IEL Incme — 85 — Imagin T 45 47 45 Impala Ind Equit 110 746 115 748 748 Intr Tech 27 30 28 Jennings 205 208 205 Johns Pry 540 546 540 Jones Dav 1080 1090 Jonray 800 — — Kern 214 215 215 Kern pref — 210 — Leighton 85 87 87 L Lease 644 — 644 MCL 2500 2700 2700 Mayne Nic 335 338 335 McPherson 232 238 235 Monier 210 215 210 Morris P 1120 — NZ For 160 165 160 NZI Corp — 128 127 NZI Corp opt — 100 — Nat Aust 473 474 474 Nat Cons 245 255 250 News Corp 936 940 940 Nicholas 275 285 285 OPSM 315 325 325 Oakbridge 128 130 128 Olims 75 80 — Pac Dunlp 255 257 255 Peters SI 205 208 205 Pioneer C 270 271 270 Pioneer S 150 152 150 QBE 620 — Reckitt 370 380 — Repco 152 156 — Ron Jones 200 205 — Rothmans 618 624 620 Smith Hwd 480 — 480 Stockland 165- — 165 Sunshine 220 222 220 TNT 265 268 266 Taubmans 200 210 200 Tooth 530 550 550 Union C 370 — — Vapocure 235 240 240 Vestcorp 95 98 95 Walton 35 36 35 Wattie 245 248 — Waugh Jos WfieTd Hl 140 145 140 1330 1350 1350 Westpac 458 460 458 White Ind 550 566 566 Woolworth 342 345 342 Wormald 355 362 360 MINING Aberfoyle — 940 J 1%. Allstate — 20? k—

Ashton 125 127 125 Aust Devi 14 15 14 Bell Res dd 590 594 590 Bouganvle 228 233 233 CN Gold 740 760 750 CRA 590 596 590 Carr Boyd 172 175 175 CMI 300 — —- Cons Res 6 7 7 Cons Rtle 820 860 — Cudgen 360 400 — ERA 170 172 170 Emperor 380 385 385 GM Kalg 920 930 930 Hill 50 32 33 32 Kidston 604 606 604 MIM 305 308 306 Metals Ex 38 44 44 Mid E Min 28 35 24 Niugini 228 235 228 North BH 269 271 270 Nth Flndr — 350 350 Pancont M 193 195 195 Paringa 105 — 105 Paringa opt 86 — 20 — Peko 544 546 546 Placer 2550 2650 260 Poseidon 300 305 300 Qld Coal 150 151 151 RGC 550 560 560 Southland 260 - — 260 Sthn Pac 18 19 18 WMC 370 371 370

West Sand 150 102 102 Whim Crk 260 OILS 270 265 AOG 170 175 170 Ampol Exp 250 255 250 Beach 76 80 80 Bridge 210 215 210 Claremont 120 122 120 Crusader 190 195 190 Hartogen 195 200 200 Magellan 215 220 215 Magnet 10 11 —— Offshore 12 13 12 Oil Serch 39 40 39 Pancont P 21 22 22 Peko Oil 75 77 75 Santos 536 540 538 Vamgas 295 300 300 Weeks Pet 800 810 800 Woodside 116 120 116