AUSTRALIA Oils drag market down sharply

Press, 26 February 1986, Page 36

AUSTRALIA Oils drag market down sharply

NZPA Sydney Australian sharemarkets closed sharply easier yesterday; oil stocks leading the way down after the Federal Government’s cut in fuel prices and profit-taking in industrial stocks. At the close of trading the allordinaries index had lost 14.4 points to 1047.4, the all-industrials index 10.3 points to 1632.0, and the all-resources index 16.8 points to 601.6. The gold index fell 2.1 points to 926.5.

Turnover was a high 59.4 M shares- worth sAustll6.4M; falls outnumbering rises 239 to 221.

Shares in Industrial Equity dropped 50c to 680 after the announcement that the Victorian Supreme Court had ruled that a block of North Broken Hill shares claimed by lEL should be sold. NBH shares lost 23c to 235 and Brierley Investments fell 40c to 520.

The fall in oil prices put pressure on BHP, which fell 16c to 654 after reaching a year’s low of 650 early in the day. About 1.7 M shares were traded.

Closing quotes Last Industrial Buy Sell sale ACI 330 333 330 AGC 257 260 258 ANI 318 320 320 ANZ ■485 490 488 APM 335 338 336 AWA 560 — 560 AdelStm 1240 1250 1250 Ad’tiser 235 240 235 AlliedMl 350 — 350 Alpha 55 58 58 opt 33 36 33 Amatil 626 636 630 Ampol 242 246 245 Ariadne 220 223 220 Ariadne dd 220 — 223

Arnotts 330 350 350 BHP 652 654 654 BellG 610 630 630 ctg — 1550 ■ ■■> BondCorp 245 246 245 Boral 352 — 352 Brambles 514 — 512 Brierley . 530 520 Broadland 270 300 280 Bundaberg 230 — BurnsP 538 — 540 CIG 308 310 308 CSR 298 300 298 Cadbury 365 370 365 Chase — 470 465 Claradeen 100 125 — Clyde 175 180 180 ClydeWd 275 285 285 opt 180 190 .185 CoalAll 440 445 445 ColesMyr 430 432 430 Comalco 209 212 209 Eastcourt 72 75 . 72 Elders 340 344 342 opt 180 185 —- Email 175 182 — Equitcorp 170 172 172 FAI 596 600 600 Fairfax! 802 806 804 FeltexNZ 225 — — Fielder 265 — 270 Fletcher — 295 290 Fortuna 92 93 —— GPT 225 227 225 GGotcn 320 360 — Hanimex 86 90 90 HardieJ 337 340 340 Herald 550 560 540 Hooker, 180 184 183 Humes 188 190 188 ICI 235 238 238 lELGrwth 90 92 — lELIncme 90 95 — Impala 106 108 108 IndEquit 680 700 680 IntrTech 35 36 36 Jennings 232 237 235 JohnsPry 556 — — JonesDav — 1260 1260 Jonray < 900 930 900 Kern 210 212 — Keywest dd 550 — 550 Leighton 70 72 70 LLease 700 706 706 Linter 400 —— 400 MartinPr 110 115 112 Martin dd 115 —- MayneNic 380 385 385 McPherson 210 215 215 Monler 213 215 213 MorrisP 1100 1140 — NZFP 175 180 175 NZI 127 130 128 opt — 103 — NatAust 490 492 492 NatCons 285 — 280 NewsCorp 1265 1270 1265 OPSM 310 315 315 Oakbridge 103 104 103

PacDunlp PetersSl PioneerC Pioneers 293 225 255 162 296 228 257 170 293 225 257 165 QBE 770 — —- Reckitt 420 — 420 Repco 158 160 158 Rheem — 310 310 RobJones —- 220 225 Rothmans 700 720 710 SmlthHwd 475 485 475 Sunshine 225 230 225 TNT 309 310 310 UnionC 390 400 400 UnityCrp 540 550 540 Vapocure 260 268 265 Vestcorp 110 112 110 Viking 55 57 55 Walton 41 42 41 Wattle 245 —— — WfieldHl 1700 1800 1800 Westpac 463 464 464 Woolworth 360 365 362 Wormald 335 MINING 345 340 Aberfoyle 800 820 — Ashton 129 132 129 AustDevl 15 17 17 BeliRes 449 450 450 Bouganvle 238 239 238 CRA 580 586 586 CarrBoyd 151 155 150 ConsRes 6 7 7 ERA 170 172 170 Emperor 330 340 330 GMKalg 830 840 840 Hill50 26 27 28 Kidston 568 574 574 MIM 260. 262 260 MetalsEx 32 37 35 NorthBH 230 232 235 PancontM 190 192 190 Paringa 103 105 105 Peko —— 516 516 Poseidon 245 248 248 QldCoal 135 137 136 RGC 550 560 554 Southland — 240 —- Technomin 31 32 32 WMC 358 360 360 WestSand 160 165 160 WhimCrk 220 OILS 230 230 AOG 150 155 155 AmpolExp 170 175 175 Beach —— 57 — Bridge 158 160 158 Claremont 85 92 . 90 Crusader 148 150 146 Hartogen 162 170 162 Magellan —— 175 170 Offshore 9 10 10 OilSerch 23 26 26 PancontP 15 16 17 PekoOil 56 60 56 Santos 395 398 395 Vamgas 215 230 230 WeeksPet 800 840 800 Woodside 111 112 111