AUSTRALIA Market regains strength

Press, 18 February 1986, Page 30

AUSTRALIA Market regains strength

NZPA Sydney Australian sharemarkets closed firmer in subdued trading with the market taking stock after Friday’s gains and little news to stimulate trading, brokers said.

Near the close of trading, the all ordinaries index had risen 1.3 points to 1048.4 and the all industrials 7.0 to 1606.2. The all resources shed 2.7 to 621.5 and the gold index fell 3.5 to 878.0.

Turnover was 43.7 M shares worth $63.6M, with falls outnumbering rises by 230 to 219.

BHP' traded moderately ahead of the release of Bell Resources Part A take-over statement, with about 600,000 shares crossed. The shares closed 4c down at 702.

Bell Resources remained steady on 480. Its parent, Bell Group, gained 10c to 660, and CSR lost 4c to 333.

Mining stocks traded mixed, with MIM down 17c to 255 on rumours of a new issue from the company and Western Mining off 2c to 338. North Brokeen Hill put on 6c to 258 and Peko Wallsend 10c to 520.

Gold-related stocks were also mixed, with Kidston off 20c to 520, Poseidon down 15c to 220 and GMK and Renison both up 10c to 800 and 520 respectively. In the oil and gas sector, Santos lost 1c to 454, Ampol Exploration 5c to 185 and Magellan 5c to 170. Strong trading in Pioneer Concrete was the highlight of

the industrial board. About 2.7 M shares were traded, the bulk of them in special sales at 270, and the stock closed 5c up at 265 after reaching a year’s low of 255. Elsewhere, News Corporation gained 30c to 1220, Lend Lease 14c to 664, Arnotts 10c to 360 and Bond Corporation 5c to 237. Coles Myer fell 3c to 437, Boral 2c to 338 and Unity Corporation, which plans to take over APA Holdings, 30c to 550. Major banking stocks traded in a narrow range, with the ANZ improving 2c to 472, Westpac remaining steady on 455 and the National Australia' losing 1c to 463. In share price index futures, active March opened six points firmer at 1055.0 and traded down to close at 1052.0.

Closing quotes Last Industrial Buy Sell sale ACI 318 320 320 AGC 255 260 255 ANI 313 317 315 ANZ 472 473 472 APM 325 332 332 AWA 540 550 544 Adel Stm — 1190 1180 Ad’tiser 235 240 — Allied Ml 332 335 332 Alpha 50 55 50 Alpha opt 35 — 34 Amatil — 640 648 Ampol 245 246 246 Ariadne 215 217 215 Ariadne dd —— 216 215 Arnotts 340 370 360 BHP 702 704 702 Bell G 660 670 660 Bell G ctg 1500 1600 —

Bond Corp 235 240 237 Boral 338 340 338 Brambles 480 480 Brierley 550 552 552 Broadland 250 265 — Bundaberg 235 240 236 Burns P 534 —— 534 CIG 300 305 305 CSR 333 335 333 Cadbury 365 368 368 Chase Crp 460 480 —— Claradeen 128 130 130 Clyde — 188 188 Clyde-Wd 275 — 280 Clyde-Wd opt 190 195 195 Coal All 410 420 420 Coles Myr 437 440 437 Comalco ' 188 195 188 Eastcourt 65 70 70 Elders 328 340 330 Elders opt 87 185 —— — Email 180 185 180 Equitcorp 172 175 175 FAI 632 630 Fairfax J 770 —- 780 Feltex NZ 220 —- — Fielder 270 275 270 Fletcher 280 290 — Fortuna 90 94 92 GPT 224 225 225 G Gotch 320 —— 330 Hanimex 88 90 90 Hardie J 340 345 340 Herald 540 556 — Hooker 179 180 180 Humes 185 187 187 ICI 220 222 220 IEL Grwth 88 90 90 IEL Incme 90 — — Impala 106 108 108 Ind Equit 718 720 720 Intr Tech 36 40 36 Jennings 226 228 226 Jones Dav 1200 1210 1200 Jonray 900 930 — Kern 210 211 212 Keywest dd 490 495 495 Leighton 78 80 80 L Lease 660 664 664 Linter 390 400 390 Martin Pr 110 112 112 Martin Pr dd 110 —— — Mayne Nic 365 370 365 McPherson — 220 218 Monier 206 208 206 Morris P 1110 1140 — NZ For 175 180 175 NZI Corp 127 130 127 NZI Corp opt — 103 100 Nat Aust 460 465 463 Nat Cons 270 272 272 News Corp 1220 1230 1220 OPSM 312 315 312 Oakbridge 100 105 101 Pac Dunlp 270 272 270 Peters Si 223 225 223 Pioneer C 265 270 265 Pioneer S 162 165 162 OBE 750 —— 760 Reckett 400 —— — Repco 156 157 156 Rheem 303 307 307

Rob Jones 205 220 220 Rothmans 700 720 710 Smith Hwd 475 480 480 Sunshine 212 215 215 TNT 285 287 286 Union C 380 400 — Unity Crp 530 550 550 Vapocure 218 235 220 Vestcorp 105 108 105 Viking 65 70 68 Walton 35 40 — Wattle 245 — 245 Wfield Hl 1500 — 1520 Westpac 452 455 455 Woolworth 360 362 360 Wormaid 335 MINING 340 335 Aberfoyle 840 850 840 Ashton 132 133 132 Aust Devi 15 17 —— Bell Res 480 485 480 Bouganvle 218 220 218 CRA 560 562 560 Carr Boyd 138 140 138 Cons Res 6 7 7 ERA 175 176 175 Emperor 300 325 300 GM Kalg 800 810 800 Hill 50 26 27 26 Kidston 520 524 520 MIM 255 256 255 Metals Ex —— 38 North BH 255 258 258 Pancont M 175 180 180 Paringa 98 100 100 Peko 516 520 520 Poseidon 219 220 220 Qld Coal 137 138 137 RGC 520 — 520 Southland — 245 —- Technomin 34 35 35 WMC 338 340 338 West Sand 160 165 160 Whim Crk 215 OILS 220 215 AOG 142 150 140 Ampol Exp — 190 185 Beach 60 65 . —— Bridge 180 — 185 Claremont 90 93 92 Crusader 158 160 — Hartogen 170 171 170 Magellan 170 175 170 Offshore 10 11 11 Oil Search 27 30 30 Pancont P 20 21 20 Peko Oil 57 60 60 Santos 450 454 454 Vamgas 245 248 248 Weeks Pet —— 850 — Woodside 116 117 116