Australia Greater overseas interest

Press, 29 January 1986, Page 35

Australia Greater overseas interest

NZPA-AAP Sydney Australian sharemarkets closed firmer in moderate trading, with greater overseas interest and positive news from the London and New York markets pushing the market up, brokers said. At the close of trading the all ordinaries index had risen 2.8 points to 1055.6, the all industrials index gained 4.8 points to 1565.7 and the all resources index put on 1.3 points to 662.3. The gold index jumped 31.2 points to 989.8. Turnover was 44.7 shares worth J75.4M with rises outnumbering falls by 235 to 209. Brokers said that several leading quality stocks were oversold in last week’s profittaking following negative news from overseas and were traded strongly yesterday. About 700,000 BHP shares were traded and the stock closed 2c down at 872. Among other market leaders, Bell Resources gained 4c to 620 and CSR lost 5c to 360 in heavy turnover. Miners closed firmer on balance, with MIM well supported, gaining 8c to 306 on turnover of 1.2 M. Western Mining added 7c to 367, but CRA lost 2c to 572. Gold-related stocks also closed firmer, with Central Norseman and Kidston both up 30c to 740 and 660 respectively and Sons of Gwalia improving 15c to 360. Most oil and gas stocks traded in a narrow range with the exception of Santos, which put on 4c to 534.

On the industrial board Bond Corp fell 8c to 205 in response to the announce-

ment of its planned tender offer for the Pittsburgh Brewing company. Elsewhere lEL lost 18c to 700, Brierley Investments 6c to 510 and APM 1c to 326. FAI added 24c to 624, News Corp 24c to 946, TNT 13c to 298, Adsteam 10c to 1120 and Boral 6c to 338. Major banking stocks traded mixed, with the National Australia Bank up 6c to 468 and Westpac up 1c to 452. The ANZ was down 3c to 450. In share price index futures, active March opened eight points firmer at 1068.0 and traded down to close at 1066.5.

Closing quotes Last Industrial Buy Sell sale ACI 300 305 302 AGC 245 250 245 AMITyota 180 200 180 ANI 302 306 306 ANZ — 450 450 APM 326 327 326 AWA 556 580 — AdelStm 1120 1130 1120 Ad’tiser 230 — 230 AlliedMl 328 335 332 Alpha 40 42 40 Amatii 620 — 620 Ampol 245 — 245 Ariadne 195 205 202 Ariadne dd — 202 200 Arnotts 345 350 AFound 215 217 215 BHP 870 872 872 BellG 720 724 720 BondCorp 205 206 205 Boral 336 338 338 BorgW 225 230 225 Brambles 457 — 460 Brierley 500 510 510 Bundaberg 247 250 247 BurnsP 530 536 530 CIG 307 310 307 CSR 360 362 360 ChaseCrp 410 420 400 CoalAll 490 500 490

Coles 448 455 448 Comalco 198 200 198 Costain 200 215 — Elders 316 318 317 Elders opt 140 150 — Email 179 —— 180 Equltcorp 172 175 172 FAI dd 622 624 624 Fairfax! 690 — 716 FeltexNZ — 225 — Fielder 265 — 265 Fletcher 225 230 225 Fortuna —* 84 — GPT 214 216 215 GPT nts 216 220 220 GUD 230 240 — GGotch 310 — 315 Hanimex 88 90 88 Hardie! 345 350 345 Herald 522 — 522 Hooker 180 182 184 Humes 186 188 186 ICI 215 225 220 lELGrwth 85 89 89 lELIncme 80 85 — ImaginT 45 47 46 Impala 105 108 110 IndEquit 696 700 700 IntrTech 28 29 29 Jennings 207 210 208 JohnsPry 542 546 550 JonesDav 1170 — 1170 Jonray 780 — 800 Kern 210 215 210 Kern pf 210 —- Leighton 86 87 86 LLease 658 660 660 MLC 2700 — — MayneNic 335 340 340 McPherson 230 232 230 Monier 198 205 205 MorrisP 1100 . — — NZFor 160 170 165 NZICorp — 125 123 NZICorp opt 100 — NatAust 466 470 468 NatCons 260 270 — NewsCorp 940 942 940 Nicholas 275 290 280 OPSM 290 300 300 Oakbridge 122 125 123 Olims 75 80 — PacDunlp 257 260 257 PetersSl 200 202 200 PioneerC 270 271 270 Pioneers 164 168 164 QBE 700 —— — Reckitt 385 — — Repco 151 152 151 RobJones 180 190 190 Rothmans 624 —— 630 SmithHwd 485 495 490 Stockland 165 — 165 Sunshine 220 230 220 TNT 298 300 300 Taubmans 200 210 — Tooth 540 550 540

UnionC 380 — 400 Vapocure 255 260 —— Vestcorp — 96 95 Walton 35 38 38 Wattle 240 —- — WaughJos — 140 — WfieldHl 1380 1400 — Westpac 452 453 452 Whitelnd — 580 570 Woolworth 346 — 346 Wormaid qRK MINING 365 365 Aberfoyle 850 870 850 Allstate 17 25 — Ashton 129 130 129 AustDevl 15 16 BellRes dd 620 630 620 Bouganvle 225 227 225 CNGold 730 750 740 CRA 570 572 572 CarrBoyd 160 165 160 CMI — — 330 ConsRes 6 7 6 ConsRtle 760 850 —— Cudgen 320 350 — • ERA 175 178 175 Emperor 370 375 370 GMKalg 900 920 910 H11150 30 31 31 Kidston 650 660 660 MIM 305 307 306 MetalsEx 38 40 38 MidEMin 22 30 —- Niugini 200 205 200 NorthBH 272• 276 275 NthFlndr 330 335 330 PancontM 175 180 180 Paringa — 108 Paringa opt — 10 — Peko 554 558 554 Placer 2400 — — Poseidon 302 305 302 QldCoal 145 147 146 RGC 540 550 550 Southland 255 260 260 SthnPac 18 19 18 WMC 365 366 367 WestSand 152 153 — WhimCrk .240 OILS 245 245 AOG 160 162 160 AmpolExp — 215 — Beach 75 80 75 Bridge —- 215 215 Claremont 116 117 117 Crusader 170 175 170 Hartogen 180 185 185 Magellan 210 218 215 Magnet — 10 — Offshore 11 12 11 OlL'wch 37 38 37 PancontP — 19 19 PekoOll 73 74 74 Santos 534 540 534 Vamgas 265 270 270 WeeksPet 840 900 —— Woodside — 115 115