AUSTRALIA Bulls push industrials

Press, 25 February 1986, Page 22

AUSTRALIA Bulls push industrials

NZPA Sydney Australian sharemarkets closed firmer, with bullish sentiment carrying over from last week and positive news from abroad, brokers said. At the close of trading the all ordinaries index had risen 4.9 points to 1061.4, the all industrials index gained 8.2 points to a record 1641.7 and the all resources index improved 2.3 points to 618.1. The gold index added 13.3 points to 926.5.

Turnover was 101.5 M shares worth J101.4M, with rises outnumbering falls by 284 to 183.

Record closes on Wall Street and London markets, combined with firmer gold and metal prices to push the market up, with the mining sector leading the way. Turnover was boosted by the purchase of 42.5 M Offshore Oil shares at 13c by Mincorp Petroleum which also bought 67M on Friday. The market price was 1c down at 10c.

About 2M BHP shares were traded, with the stock losing 8c to 670. Among other market leaders, Bell Resources lost 25c to 465 and CSR 2c to 328.

Heavyweight mining stocks to rise included CRA, up 20c to 586, MIM and Western Mining, both up 10c to 265

and 360 respectively and Bougainville, up 8c to 235. Oil and gas stocks were easier, with Bridge Oil losing 5c to 170, Ampol Exploration the same to 185 and Peko Oil 6c to 56.

On the industrial board Westfield Holdings jumped 50c to 1800, News Corporation 45c to 1290, Fairfax 10c to 810, Boral 6c to 354, TNT 5c to 305 and Pacific Dunlop 3c to 300.

Elsewhere, Coles Myer lost 13c to 430, FAI 6c to 610, Pioneer Concrete 3c to 252 and Bond Corporation 2c to 262.

Major banking stocks traded firmer, with the ANZ jumping 7c to 500 and the National Australia Bank 6c to 488. Westpac remained steady on 464. In share price index futures, active March opened two points firmer at 1069.0 and traded up to close at 1075.5. ■

Closing quotes Last Industrial Buy Sell sale ACI 335 336 335 AGC 257 260 258 ANI 318 320 318 ANZ 500 506 500 APM 336 338 338 AWA 550 556 556 Adel Stm 1210 —. 1220 Ad'tiser 235 240 — Allied Ml 346 — 350 Alpha 58 59 58 Alpha opt 34 36 34 Amatil —— 634 636 Ampol 245 250 245 Ariadne 223 225 225 Ariadne dd 215 —— 220 Arnotts 350 360 360 BHP 670 672 670 Bell G 654 660 660 Bell G ctg — 1550 — Bond Corp 260 262 262 Boral 352 354 354 Brambles 495 510 500 Brierley 546 560 560 Broadland 270 300 280 Bundaberg — 230 — Burns P 534 536 534 CIG 307 310 307 CSR 328 329 328

Cadbury 365 370 — Chase Crp 465 490 —- Claradeen 120 125 120 Clyde 175 178 178 Clyde- WD 285 290 285 Clyde opt. 180 190 —— Coal All 435 —— 435 Coles Myr 429 432 430 Comalco 207 210 207 Eastcourt 65 70 70 Elders 339 340 340 Elders opt 185 190 190 Email 175 182 180 Equitcorp 168 170 170 FAI 604 610 610 Fairfax J 800 810 810 Feltex NZ 225 —— —— Fielder 265 268 Fletcher 290 295 295 Fortuna 90 94 90 GPT 223 224 224 G Gotch 320 360 —— Hanimex 86 90 86 Hardie J 337 338 Herald 540 546 546 Hooker 183 184 183 Humes 185 188 188 ICI 235 240 235 IEL Grwth 90 92 90 IEL Incme 90 95 — Impala 106 108 108 Ind Equit 726 730 730 Intr Tech 34 — 34 Jennings 235 236 235 Johns Pry 560 —- 560 Jones Dav 1230 1240 Jonray 900 930 — Kern 210 215 215 Keywest dd 530 — 530 Leighton 73 74 74 L Lease 694 700 696 Linter 395 — 400 Martin Pr 112 115 115 Martin dd 110 115 —— Mayne Nic dd 378 — 380 McPherson —- 220 215 Monter 212 215 215 Morris P 1100 1140 — NZ For 175 — 180 NZI Corp 128 130 130 NZI opt 86 —— 103 . — Nat Aust 488 490 488 Nat Cons 280 — • 280 News Corp 1290 1300 1290 OPSM 312 315 310 Oakbridge 103 106 105 Pac Dunlp 300 —— 300 Peters Si 225 228 225 Pioneer C 256 257 252 Pioneer S 162 165 162 QBE 770 — 774 Reckitt 415 —— 415 Repco 156 162 158

Rheem 307 310 — Rob Jones 210 225 225 Rothmans 700 720 — Smith Hwd 475 480 475 Sunshine 225 230 225 TNT 303 305 305 Union C 380 400 400 Unity Crp 540 550 550 Vapocure 255 260 260 Vestcorp 110 112 112 Viking 55 57 57 Walton 40 41 41 Wattle 245 — —— Wfield Hl 1700 1850 1800 Westpac • 463 464 464 Woolworth 360 — 360 Wormaid 335 MINING 340 340 Aberfoyle 800 830 — Ashton 130 132 130 Aust Devi 16 17 —- Bell Res 465 470 465 Bouganvle 235 236 235 CRA 584 586 586 Carr Boyd 150 —— 155 Cons Res 6 7 7 ERA 170 173 170 Emperor 320 325 325 GM Kalg 810 840 820 Hill 50 27 28 27 Kidston 570 576 574 M1M 264 265 265 Metals Ex 34 40 —— North BH 257 258 258 Pancont M 188 190 188 Paringa 102 105 Peko 510 520 520 Poseidon 230 240 240 Qld Coal 135 136 136 RGC 550 556 550 Southland —- 240 — Technomin 30 32 WMC 358 360 360 West Sand 160 165 165 Whim Crk 227 OILS 228 228 AOG 155 158 155 Ampol Exp 180 185 185 Beach — 58 57 Bridge 170 172 170 Claremont 98 102 100 Crusader 152 155 155 Hartogen 180 185 185 Magellan 170 175 175 Offshore 10 11 10 Oil Search 24 27 25 Pancont P 18 19 18 Peko Oil 55 56 56 Santos 432 435 435 Vamgas 235 245 235 Weeks Pet 800 840 — Woodside 113 115 113