AUSTRALIA Markets stay bearish

Press, 17 June 1986, Page 26

AUSTRALIA Markets stay bearish

NZPA-AAP Sydney Australian sharemarkets closed easier with market sentiment remaining bearish amid investor uncertainty over the direction of the market. Near the close, the all ordinaries index had eased 7.1 points to 1209.2 and the all industrials 11.3 to 1919.7. The all resources shed 3.9 to 670.8 and the gold index 0.9 to 947.3. National turnover was 54.1 million shares worth sAust9o.sM with falls outnumbering rises 265 to 199. BHP finished the day steady on 886 c, after reaching a low of 882, in subdued trading. Other players in the most recent BHP take-over battle were easier. BHP ally, Elders IXL, lost 10c to 470, Bell Resources 10c to 425 and the Bell Group 6c to 944. Adsteam shed 10c to 1250 while Equiticorp Tasman was steady on 165, Industrial stocks were easier with Arnotts down 20c to 410. CSR, which earlier announced a placement of

80M ordinary $i shares and a one-for-10 options issue, fell 12c to 343. Elsewhere, CIG shed 10c to 378, Ariadne 2c to 310, Hooker and Boral 5c each to 250 and 455, and Peko 4c to 502. Elsewhere, Industrial Equity, Ltd rose 26c to 670 while lEL rights added 31c to 466. Amatil added 6c to 780, Amcor 2c to 340 and Howard Smith 5c to 465. Mining stocks were easier on balance despite some support among gold miners. Heavyweight CRA fell 4c to 646, tin miner Aberfoyle 30c to 760. Ashton 10c to 160,

Closing quotes Last Industrial Buy Sell sale ACI 350 355 355 AGC 340 350 350 ANI 330 335 330 ANZ 518 520 520 AWA 652 660 654 AdelStm 1250 1260 1250 Ad’tiser 265 — — Alpha 32 — 33 opt 17 20 — Amatil 772. 780 780 Amcor 340 343 340 Ampol 250 253 250 Argo 300 — Ariadne 308 310 310 Arnotts 400 410 410 AFound 225 230 230 BHP 886 888 886 BankQld 320 330 — BellG 944 — 944 Pf 2020 — — BondCorp 318 320 318 Boral 450 458 455 Brambles 670 676 670 Brierley 395 400 400 Bundaberg 270 275 270 BurnsP 702 706 702 CIG 378 385 378 CSR 342 343 343 Cadbury — 506 500 ChaseCorp 820 830 830 Claradeen — 135 130 Clyde 190 195 195 Clyde-Wd 275 295 275 opt 140 155 CoalAll 430 — —— ColesM 542 544 544

Comalco 230 235 232 EDunlop 370 375 —— Eastcourt 78 80 80 Elders 466 470 470 opt 450 440 Email 235 240 240 Equiticorp 160 165 165 FAI 800 806 804 Fairfax! 624 630 624 FeltexNZ 240 260 Fletcher — 320 —. Fortuna 130 138 135 GPT 270 272 275 Goodman 350 360 — GGotch 430 435 430 Hanimex 71 72 71 Hardie! 342 345 343 Herald 630 636 636 Hitek 130 140 — Hooker 250 255 250 Humes 275 277 275 HProp 1950 1980 1950 ICI 265 — 268 lELGrwth — 79 78 lELIncme 85 90 — Impala 110 115 no IndEquit 670 672 670 IntrTech 25 — 26 lasco 190 192 — dennings 200 205 200 !onesDay 1140 —— 1140 !onesRbt 290 — —- !onray 1600 1700 — Kern 190 192 190 Keywest 716 720 720 Leighton 68 70 70 LLease 900 910 902 Linter 560 570 566 MartinPr 115 118 118 MayneNic 315 320 315 McPherson 245 250 245 Memtec 195 200 195 Monier 220 230 220 NZFor 180 185 180 NZICorp 145 152 150 opt —— 120 — NatAust 574 578 576 NatCons 290 300 NewsCorp •1900 1 1950 1940 Nicholas —— 340 — OPSM 310 315 315 Oakbridge 90 91 90 PacDunlp 332 334 333 Parbury 180 190 — PetersSl 205 210 205 PioneerC 281 282 281 Pioneers 165 170 165 QBE 850 850 Reckitt — 460 —

Rothmans 820 850 — Rothwellsdd 385 395 390 SmithHwd 465 — 465 Sunshine 295 300 300 TNT 338 340 338 UnionC 500 UnityCrp —- 710 710 Vapocure 300 310 305 Vestcorp 70 72 72 Viking — 105 100 Walton 38 39 38 Wattle 260 265 — WfieldHl 2150 2200 — Westpac 478 480 480 Woolworth 312 314 312 Wormald 380 MINING 385 390 Aberfoyle . 760 — 760 Ashton 155 160 160 AustDevl 40 45 42 BellRes 425 430 425 Bouganvle 268 270 269 CNGold 800 810 800 CRA 644 646 646 Carr Boyd 120 125 120 ConsRes 7 8 8 ConsRtledd — 450 — ERA 151 155 152 Emperor 328 330 330 GMKalg 860 880 860 Hill 50 20 21 22 Kidston 620 630 630 Kitchener 55 — 60 MIM 220 222 220 MetaisEx 46 48 48 NorthBH 192 195 195 Otter 38 —— — PancontM 190 195 195 Paringa 125 130 — Peko 502 506 502 Placer 2550 2550 Poseidon 302 305 302 QldCoal 170 173 173 RGC 570 — 570 SthnPac — 23 — Technomin 32 33 32 WMC 323 324 323 WestSand 205 210 — WhimCrk 225 OILS 230 230 AOG 165 172 165 AmpolExp 190 198 190 Beach 67 70 69 Bridge 70 — 70 Claremont 75 78 75 Crusader 136 140 140 Dominion 60 62 60 Hartogen 185 190 190 Magellan — 135 135 Magnet ■ 6 7 6 Offshore 7 8 7 OHSerch 27 30 27 PancontP 9. 10 —- PekoOil 75 77 — Santos 385 390 383 Vamgas 222 230 225 WeeksPet 810 840 — Woodside 93 94 94