AUSTRALIA Gold stocks steady the nervousness

Press, 23 July 1986, Page 39

AUSTRALIA Gold stocks steady the nervousness

NZPA-AAP Sydney Australian sharemarkets closed barely steady in cautious trading, with demand among gold stock offsetting Investor nervousness ahead of this week’s release of the June CPI and the M 3 money supply figures. Heavy selling of BHP shares by Potts West saw the stock close steady on 838 c after falling to 832 on a turnover of 2.2 million shares, while Elders IXL slipped 5c to 495 with 2.6 million shares traded. On the mining boards, higher bullion prices continued to spur demand among gold issues and provided the main impetus behind an otherwise directionless market. Among the gold miners, Central Norseman rose 30c to 880, and 10c gains took Emperor to 300 and Sons of Gwalia to 485. Elsewhere, CRA rose 4c to 588 and Aberfoyle firmed 10c to 790. Industrial stocks were firmer on balance with demand among developers and entrepreneurial stocks outweighing selling pressure on insurance and banking issues. Lend Lease was up 10c to 820, General Property rose 5c to 270. Jennings gained 10c to 220 while suitor lEL lost 4c to 666. The Bell Group rose 10c to 810. Among insurance stocks Edward Lumley fell 20c to 720 and 10c losses took FAI to 676 and APA Holdings to 300. Banking stocks continued to come under pressure, with Westpac losing 7c to 448, the National Australia 6c off at 506, while the ANZ remained steady on 325. Media stocks closed firmer, mainly on the back of the steadier dollar, with the Herald and Weekly Times up 12c to 586

Closing quotes Last Industrial Buy Sell sale ACI 362 365 362 AGC 315 325 325 ANI 270 275 268 ANZ 463 465 465 AWA 634 636 634 AdelStm 1080 1110 1100 Ad’tiser 240 245 240 Alpha 40 42 — opt 20 21 20

Amatll Amcor 74U 325 7DU 328 70U 328 Ampol 211 215 212 Argo 290 — — Ariadne 290 293 290 Arnotts 410 415 410 AFound 190 193 195 BHP 838 840 838 BankQld 315 325 — BellG 810 —— 810 pf 1850 2250 — BondCorp 300 302 300 Boral 413 415 413 Brambles 610 620 610 Brierley 465 468 468 Bundaberg 255 258 258 BurnsP —— 646 644 CIG 360 365 365 CSR 292 294 292 Cadbury 225 230 230 Carricks 24 27 25 ChaseCrp 500 — 500 Claradeen 135 145 140 Clyde 178 185 178 CoalAll — 425 — CoIesM — 500 500 Comalco 220 — 220 EDunlop 420 430 430 Eastcourt 75 78 76 Elders 494 496 495 opt 450 — — Email 222 225 223 Equitcorp 145 — 148 Euro-Nat 322 330 — FAI 670 676 676 FairfaxJ 530 550 540 FeltexNZ 250 — 260 Fletcher 345 360 345 Fortuna 120 130 125 GPT 265 272 270 Goodman 335 340 340 GGotch 375 400 375 Hanimex 52 56 52 HardieJ 340 343 340 Herald 586 590 586 Hitek 135 140 140 Hooker 233 255 254 Humes 270 280 280 UProp — 2050 2050 ICI 247 250 247 lELGrwth 70 — — lELIncme —■ 78 76 Impala 215 220 220 IndEquit 660 666 666 Jasco 190 195 190 Jennings 205 220 220 JonesDav 1020 1040 1040 JonesRbt 470 480 475 Jonray 1500 — — Kern — 170 170 Keywest 684 — 690 Larchhill 225 230 225 opt — 135 —— Leighton 49 50 50 LLease 800 820 820 Linter 566 570 570 MartlnPr 132 135 135 MayneNic 280 285 282 McPherson 215 220 220 Memtec 195 200 200 Monier 210 212 212 NZFor 190 195 — NZICorp 157 160 157 NatAust 506 508 506 NatCons 270 — 275 NewsCorp 1960 1970 1970 Nicholas 285 — 285

Oakbridge 70 72 72 PacDunlp 320 323 320 Parbury —- 160 —— PetersSl 186 188 188 PioneerC 256 258 258 Pioneers 140 142 140 QBE 700 770 760 Reckitt 385 390 390 Rheem 305 310 . —— Rothmans 780 820 800 Rothwells dd 350 360 355 SmithHwd 408 — 408 Sunshine 290 — 290 TNT 318 320 320 UnlonC 510 — 520 UnityCrp 510 520 510 Vapocure 220 225 225 Vestcorp —r 67 65 Viking 83 84 83 Walton 35 36 35 Wattle 298 300 305 WfieldHl — 1800 1760 Westpac 445 448 448 Woolworth 285 286 286 Wormald 385 390 390 Aberfoyle 780 800 790 Ashton 165 168 165 AustDevl 60 65 62 BellRes 375 380 380 Bouganvle 255 260 258 CNGold 878 884 880 CRA 586 590 588 CarrBoyd 118 119 118 ConsRes 8 9 9 ConsRtle dd 370 380 370 ERA 150 152 150 Emperor 298 300 300 GMKalg —• 890 890 H11150 25 26 25 Kldston 616 620 620 Kitchener 60 62 60 MIM 176 177 177 MetalsEx 63 65 63 NorthBH 182 183 183 Otter 42 45 — PancontM 190 192 192 Paringa 122 122 Peko 520 —— 520 Placer 2750 2800 2750 Poseidon 265 270 280 QldCoal 171 174 172 RGC 600 610 610 SthnPac 19 21 18 Technomln 38 39 38 WMC 317 318 318 WestSand 230 —— 226 WhimCrk 250 255 250 AOG 150 155 150 AmpolExp 170 175 170 Beach 70 73 71 Bridge 68 70 70 Claremont 75 79 — Crusader 130 135 135 Dominion 56 57 58 Hartogen 165 180 170 L’reachO 10 —— —— Magellan 110 115 110 Magnet 5 6 — Offshore 7 8 8 OilSerch 28 29 29 PancontP 9 10 —» PekoOll 77 78 77 Santos 352 355 355 Vamgas — 225 — WeeksPet 820 — —— Woodside 82 -83 82