AUSTRALIA Markets lower

Press, 8 July 1986, Page 30

AUSTRALIA Markets lower

NZPA-AAP Sydney Australian sharemarkets closed lower across the boards in patchy trading, dragged down by a weaker BHP and continuing bearish sentiment over the direction of the economy. “We expected the drop and it will continue to fall unless something bullish comes out of Hobart (national ALP conference),” a broker said. “What is happening to BHP is intriguing ... it was holding out last week and suddenly today it is falling.” BHP ended the day 20c down at 804, while Bell Resources eased 15c to 385. CSR slipped 8c to 306.

Industrial stocks continued to bear the brunt of investor nervousness over the economy, with retailers and transport stocks the main targets. David Jones fell 20c to 110, Bond Corp was 10c down at 310, TNT was 5c off at 310 and the Bell Group shed 30c to 810, while among the few to post gains was Adsteam, up 20c to 1140.

However, mining stocks were generally firmer on the back of the weak dollar with CRA up 4c to 596 and MIM firming 6c to 210.

FAI fell 26c to 664. Banks were generally easier with Westpac down 2c to 458 and the National Australia 4c to 512. The ANZ improved 4c to 472.

Media stocks also came under pressure with the Herald and Weekly Times losing 30c to 560 while 10c rises took Fairfax to 530 and News Corp to 1920.

Closing quotes Last Industrial Buy Sell sale ACI 335 340 340 AGC 335 345 340 ANI 290 300 292 ANZ 470 472 472 AWA 640 644 640 Adel Stm 1140 1150 1140 Ad’tiser 260 270 —— Alpha 40 43 40 opt —- 24 __ Amatil 720 —— 720 Amcor 322 325 322 Ampol 235 242 240 Argo — 295 — Ariadne 295 298 295 Arnotts — 445 440 A Found — 200 200 BHP 804 806 804 Bank Qld 320 325 — Bell G 820 810 pref 2300 Bond Corp 308 310 310 Boral 412 415 415 Brambles — 620 610 Brierley 460 465 465 Bundaberg 240 243 240 Burns P 644 650 644 CIG 350 365 —— CSR — 306 306 Cadbury 230 240 230 Carricks — 31 31 Chase Crp 455 465 460 Claradeen 135 — 135 Clyde 180 185 185 Clyde-Wd 240 250 250 opt 130 140 130 Coal All 410 — Coles M 495 5TO 500 Comalco 215 220 215 E Dunton 368 375 370

Eastcourt 75 — 78 Elders 475 478 480 opt 400 —— — Email 220 222 220 Equitcorp 148 150 148 Euro-Nat 325 330 330 FAI 660 664 664 Fairfax J 530 — 530 Feltex NZ 250 275 — Fletcher 330 340 330 Fortuna 125 130 125 GPT 245 246 246 Goodman 350 — 352 G Gotch —. 390 Hanimex 60 68 60 Hardie J 340 347 345 Herald 560 570 560 Hitek 115 120 120 Hooker 256 260 258 Humes 235 238 235 I I Prop — 2250 2200 ICI 245 248 IEL Grwth 1 75 —— 75. IEL Incme —— 85 Impala 215 — 215 Ind Equit 676 686 680 Jasco 190 195 —— Jennings 175 180 180 Jones Dav 1110 1100 Jones Rbt 480 500 485 Jonray 1600 — 1600 Kern 185 192 185 Keywest 670 690 680 Leighton 62 65 62 L Lease 820 830 820 Linter 560 570 570 Martin Pr 124 128 128 Mayne Nic 300 — — McPherson 215 225 215 Memtec 185 190 185 Monler '203 205 203 NZ For 180 185 180 NZI Corp 150 155 150 Nat Aust 510 512 512 Nat Cons 260 280 260 News Corp 1900 1930 1920 Nicholas — 275 275 OPSM 305 310 305 Oakbridge — 80 80 Pac Dunlp 310 312 310 Parbury — 170 — Peters SI 193 195 193 Pioneer C 252 255 255 Pioneer S 143 148 145 QBE — 820 — . Reckitt 390 400 400 Rheem 335 330 Rothmans 830 840 830 Rothwells dd 360 360 Smith Hwd 400 405 415 Sunshine 272 278 275 TNT 310 312 310 Union C 510 — 520 Unity Crp 490 500 490 Vapocure —— 240 240 Vestcorp 68 70 68 Viking 88 92 90 Walton 36 38 36 Wattle 295 300 280 Wfield Hl 1890 1880 Westpac 458 460 458 Woolworth 270 272 272 Wormaid 385 390 390 MINING Aberfoyle 700 720 700 Ashton 161 163 161 Aust Devi42 44 44 Bell Res 380 385 385 Bouganvle 230 232 232. CN Gold 730 750 730 CRA 594 596 594 Carr Boyd 103 105 105 Cons Res 10 11 11 Cons Rtle dd 420 435 — ERA 142 150 142 Emperor 305 310 305 GM Kalg 840 — — Hill 50 23 - 23 Kidston 590 596 600 Kitchener 58 —— 58 MIM 210 ‘ 212 210 Metals Ex 46 48 47 North BH 187 188 187 Otter ■ 39 — 39 Pancont M 175 177 177 Paringa 105 110 110 Peko 508 510 508

Placer 2730 3000 — Poseidon 255 270 265 Qld Coal 168 170 170 RGC 566 580 560 Sthn Pac 18 25 — Technomin 39 40 39 WMC 290 292 290 West Sand 212 —» —— Whim Crk 205 212 210 OILS AOG 150 155 150 Ampol Exp 175 177 175 Beach 68 70 68 Bridge 75 78 77 Claremont 84 — 85 Crusader 128 130 128 Dominion 50 53 53 Hartogen 167 170 170 L’reach 0 8 15 —- Magellan 100 115 115 Magnet 6 — —— Offshore 7 8 7 Oil Serch 29 30 30 Pancont P 9 10 10 Peko Oil 76 79 78 Santos 366 368 366 Vamgas 215 225 220 Weeks Pet 750 — Woodside 87 88 86