AUSTRALIA Markets continue slide

Press, 18 June 1986, Page 38

AUSTRALIA Markets continue slide

NZPA-AAP Sydney Australian sharemarkets continued their slide and closed easier across the boards, dragged down by a weakening industrial sector and profit-taking among gold stocks. Near the close, the all ordinaries index had eased 11.9 to 1197.2 and the all industrial index 15.0 to 1904.6. The all resources slipped 9.6 to 661.2 and the gold index plummeted 33.4 points to 915.8. National turnover was 63.5 million shares worth sAust97.sM, with falls outnumbering rises 363 to 154. BHP went against the trend, reaching a day’s high of 896 c before profit takers trimmed it back to a 2c gain at 888 by the close. Substantial BHP shareholder, Elders IXL slumped 22c to 448. This compared with a trading price of 502 c last week amid market speculation of a possible takeover play. Adsteam, meanwhile, was also weaker, losing 50c to 1200, Bell Resources dropped 5c to 420, and its parent, the Bell Group, shed 4 to 940 c. Equlticorp Tasman added 3c to 168. Fears of continuing high interest rates and nervousness over the economy saw industrial stocks ease with retailer, Coles Myer and FAI each losing 14c to 530 and 790 respectively. CSR shed 8c to 335 following its S46OM capital placement announcement on Monday. Elsewhere, Amcor eased 10c to 330, Amatil 8c to 772, and transporters Brambles and TNT 14 and 6c to 656 and 332 respectively. Bond Corp made up an early 8c

loss to finish 7c higher at 325, while lEL added 20c to 690. Sarich technologies hit a new high for the year of 1900 before being trimmed back to post a 70c gain at 1830. Mining stocks eased with CRA shedding 20c to 626,

Closing quotes Last Industrial Buy Sell sale ACI 352 356 355 AGC — 340 340 ANI 322 330 325 ANZ 500 504 502 AWA 652 660 654 AdelStm — 1210 1200 Ad’tiser 270 — 270 Alpha 33 35 33 opt 17 20 18 Amatil 772 780 772 Amcor 325 330 330 Ampol 248 252 250 Argo — 300 295 Ariadne 300 305 305 Arnotts 380 410 400 AFound 200 230 220 BHP 886 888 888 BankQld 320 330 BellG —- 940 940 Pf 2020 — —— BondCorp 325 328 325 Boral 450 455 450 Brambles 656 660 656 Brierley 410 415 415 Bundaberg 268 275 270 BumsP 690 700 700 CIG 390 370 CSR 335 337 335 Cadbury 485 504 - —. ChaseCrp 824 830 830 Ciaradeen 128 135 130 Clyde 190 195 190 Clyde-Wd 275 280 275 opt 140 155 — CoalAll 420 440 430 ColesM 530 534 530 Comalco — 232 232 EDunlop 368 372 370 Eastcourt 75 80 76 Elders 447 450 448 opt — 470 —— Email 250 258 250 Equltlcorp 168 170 168 FAI 786 794 790 Fairfax! 614 628 628 FeltexNZ 240 260 255 Fletcher 310 320 —

Fortuna 130 135 135 GPT — 265 265 Goodman 350 — 355 GGotch 422 430 428 Hanimex 70 74 70 HardieJ 340 342 340 Herald 626 630 626 Hitek 130 140 — Hooker 251 252 252 Humes 275 276 275 UProp 1960 1980 1980 ICI 265 265 lELGrwth —. 79 lELIncme 85 90 — Impala 110 —- 110 IndEqult 690 696 690 IntrTech 25 28 Jasco 190 192 — Jennings 200 202 200 JonesDav 1140 1150 1140 JonesRbt 315 330 315 Jonray 1600 1700 1600 Kern 190 192 190 Keywest 726 734 730 Leighton 68 70 70 LLease 890 902 900 Linter 550 560 560 MartinPr 110 115 115 MayneNic 310 315 315 McPherson 245 250 245 Memtec — 198 195 Monier 220 225 NZFor 180 185 180 NZICorp 148 155 150 opt — 120 — NatAust 560 566 564 NatCons 290 295 295 NewsCorp 1850 1880 1880 Nicholas 330 340 — OPSM 315 320 315 Oakbridge 90 91 90 PacDunlp 328 330 328 Parbury 178 190 180 PetersS 200 205 205 PioneerC 280 281 280 PloneerS 160 165 162 QBE — 850 — Reckitt — 455 —— Rheem —— 380 ' Rothmans 830 850 830 Rothwellsdd 385 395 390 SmlthHwd 465 480 465 Sunshine 290 295 295 TNT 330 335 332 UnionC 510 526 526 UnityCrp —— 700 —— Vapocure 290 300 295 Vestcorp —— 71 72 Viking 90 95 95

Walton 37 38 37 Wattle 265 — 265 WfieldHl — 2150 —— Westpac 467 468 468 Woolworth 310 312 310 Wormald 380 MINING 385 385 Averfoyle 750 770 750 Ashton 162 — 162 AustDevl 38 40 40 BellRes 415 420 420 Bouganvle 260 262 262 CNGold 780 800 780 CRA 620 626 626 Carr Boyd 115 118 118 ConsRes 7 8 7 ConsRtledd —— 450 — ERA 150 151 150 Emperor 315 325 315 GMKalg 840 850 850 Hill 50 19 21 20 Kldston 600 610 610 Kitchener 55 60 — MIM 208 212 210 MetalsEx 47 48 48 NorthBH 187 190 190 Otter 38 45 —— PancontM 188 190 190 Paringa 125 130 125 Peko 490 500 490 Placer 2450 2600 2600 Poseidon 290 300 290 QldCoal 170 171 170 RGC 570 580 580 SthnPac 13 23 — Technomin 32 33 32 WMC 320 321 320 WestSand 200 210 205 WhlmCrk 190 OILS 220 220 AOG 165 170 165 AmpolExp — 190 — Beach 66 67 67 Bridge 70 72 72 Claremont 75 77 75 Crusader 134 136 136 Dominion 63 64 64 Hartogen 180 — 185 L’ReachO —— 23 — Magellan 132 138 132 Magnet 6 7 6 Offshore 7 8 7 OilSerch 27 29 27 PancontP — 10 9 PekoOll 74 76 75 Santos 380 383 383 Vamgas 220 230 225 WeeksPet 800 840 — Woodside 93 95 93