AUSTRALIA Market uninspired

Press, 19 February 1986, Page 41

AUSTRALIA Market uninspired

NZPA Sydney Australian sharemarkets closed easier in mixed trading with little overseas news to inspire the market and profit-taking in some industrial Stocks, brokers «>irl

With Wall Street closed for George Washington’s birthday and lacklustre trading in London, there was little overseas influence on the local market.

An initial enthusiastic reaction for Bell Resources’ revised bid for BHP saw BHP rise 12c to 714 in early trading. The shares had eased back by the close to be 2c down at 700 on turnover of 1.2 M.

Bell Resources remained steady on 480, its parent, the Bell Group, put on 4c to 664 and CSR added 3c to 336.

Mining stocks were mixed with MIM losing 8c to 247, Peko 4c to 516 and Niugini Mining 7c to 178. Comalco gained 7c to 195, Western Mining 4c to 342 and Kidston 20c to 540. Oil and gas stocks were easier on balance. Santos fell 7c to 447, Bridge Oil 5c to 180 and Weeks Petroleum 30c to 820 while Magellan put on 5c to 175 and Ampol Exploration 3c to 188.

Strong trading in EldersIXL dominated the industrial boards with about 2.7 M shares crossed, the bulk of them in special sales at 330. The shares closed 2c up at 332.

Elsewhere, FAI dropped 26c to 604, Pioneer Concrete 5c to 260, ACI 10c to 310 and Unity Corp, which plans to take over APA Holdings, shed 20c to 530. Fairfax put on 10c to 790, Pacific Dunlop 8c to 278 and Bond Corp 10c to 248.

Major banking stocks traded in a narrow range, with the National Bank firming 2c to 465 and Westpac and the ANZ both remaining steady on 455 and 472 respectively.

Turnover was 549.5 M shares worth 572.4 M, with falls outnumbering rises by 251 to 207. In share price index futures, active March opened one point firmer at 1053.0 and traded down to close at 1045.0.

Closing quotes Last Industrial Buy Sell sale ACI 310 313 310 AGC 255 260 257 ANI 315 317 315 ANZ 470 472 472 APM 330 332 332 AWA 540 550 540 AdelStm 1170 1180 1180 Ad’tiser 235 240 235 AlliedMl 330 332 330 Alpha 56 60 56 Alpha opt 38 40 38 Amatil 620 630 620 Ampol 240 245 245 Ariadne 214 216 215 Ariad dd 210 213 — Arnotts 350 360 — BHP 698 700 700 BellG 662 664 664 Bell ctb 1550 — 1600 BondCorp 247 249 248 Boral 339 340 340 Brambles 478 —■ 480 Brierley 566 578 566 Broadland 250 265 — Bundaberg 235 238 236 BumsP 530 536 534 CIG 300 303 300 CSR 336 — 336 Cadbury 365 370 365 ChaseCrp 475 — 480 Claradeen 125 130 130 Clyde — 185 185 Clyde-Wd 285 295 285 Clyde-Wd opt 185 190 190 CoalAll —— 420 — ColesMyr 435 437 435 Comalco 195 200 200 Eastcourt 65 70 65 Elders 332 333 332 Elders opt 185 190 190 Email 180 185 180 Equiticorp 170 175 170 FAI 604 610 604 FairfaxJ 790 800 790 FeltexNZ 220 — — Fielder 268 270 270 Fletcher 285 290 285 Fortuna 90 94 92 GPT 220 225 225 GGotch 320 — — Hanimex 87 90 —— HardieJ 325 345 340 Herald 540 546 546 Hooker 179 180 180 Humes 187 190 187 ICI 220 223 221 lELGrowth 90 — 90 lELIncome 90 95 — Impala 106 108 106 IndEquit 714 718 718 IntrTech 35 38 36 Jennings 228 — 230 JonesDav 1200 1210 1200 Jonray 900 930 — Kern 210 211 210 Keywest dd 490 495 490 Leighton 77 78 78 LLease 660 662 660 Linter 385 390 385 MartinPr 110 115 115

Martin dd 110 115 — MayneNic 370 372 370 McPherson 218 220 — Monier 206 208 206 MorrisP 1110 1140 — NZFor 178 180 — NZICorp 126 130 127 NZI opt NatAust — 103 — 464 465 NatCons 270 272272 NewsCorp 1225 1230 1225 OPSM 312 315 315 Oakbridge 103 105 105 PacDunlp 278 280 278 PetersSl 223 225 225 PioneerC 260 262 260 Pioneers 163 164 163 QBE 760 800 760 Reckitt 400 — 410 Repco 156 157 156 Rheem 305 —- 305 Rob Jones 210 225 210 Rothmans 700 730 700 SmithHwd 475 482 480 Sunshine 215 217 215 TNT 285 — 287 UnionC 380 400 — UnityCrp 530. 550 530 Vapocure 235 245 240 Vestcorp 106 — 108 Viking 60 65 63 Walton 35 37 37 Wattie 245 — —— WfieldHl 1530 1540 1540 Westpac 454 455 455 Woolworth 360 362 360 Wormald MINING 342 340 Aberfoyle 840 850 —- Ashton 130 132 130 AustDevl 15 17 — BellRes 475 485 480 Bouganvle 220 222 220 CRA 560 562 560 CarrBoyd 145 — 145 ConsRes 6 7 7 ERA 173 176 175 Emperor 300 305 300 GMKalg 780 800 800 Hill50 26 27 25 Kidston 530 540 540 MIM 247 248 247 MetalsEx — 36 — PancontM 180 185 180 Paririga — 100 100 Peko 514 520 516 Poseidon 235 236 235 QldCoal 136 137 136 RGC 510 530 520 Southland — 240 — Technomin 31 33 33 WMC 340 342 342 WestSand 156 163 160 WhimCrk 215 OILS 225 215 AOG 155 158 155 AmpolExp 185 192 188 Beach 60 65 64 Bridge 180 182 180 Claremont 91 92 91 Crusader — 160 155 Hartogen 170 172 170 Magellan , 170 180 175 Offshore 10 11 10 OilSearch 29 30 29 PancontP 20 21 20 PekoOil 57 58 57 Santos 447 450 447 Vamgas 240 242 240 WeeksPet 800 820 820 Woodside 114 115 114