AUSTRALIA Firmer close

Press, 28 August 1986, Page 28

AUSTRALIA Firmer close

NZPA-AAP : Sydney Australian sharemarkets closed firmer in thin turnover with the industrial sector’s response to a steadier dollar offsetting weaker gold issues. Brokers said the market was buoyed by Tuesday’s M 3 money supply figures, which showed a substantial reduction in credit growth and raised expectations of a fall in interest rates. On the industrials board the firmer dollar attracted support for leading transport, developer and banking stocks. TNT, which is trading ex-dividend 35c , closed 5c higher on 305 while Lend Lease rose 20 to 860 and 5c rises took Jennings to 185 and John Holland to 175. Among the banks, ANZ was up 5 to 480, Advance Bank climbed 3 to 260 and Westpac advanced 2 to 462, while the National fell 2 to 530 and the Bank of Singapore eased 5 to 155. Bond Corp moved up 11 to 333 for a two-day rise of 28c, Ariadne improved 7 to 342 and lEL, which will make a formal offer for Adelaide and Wallaroo Fertilizers at 160 a share, closed steady on 694. Elsewhere among the leaders, BHP slipped 2 to 780 in thin trading and Bell Resources eased 15 to 495, while Adsteam gained 30 to 1160 and Elders IXL added 2 to 500. Mining stocks also closed firmer on balance, despite a weaker gold sector in the wake of easing bullion prices, with Aberfoyle up 20 to 8.00 and MIM, advancing 5 to 180. CRA advanced 10 to 600 and its Comalco subsidiary closed steady on 240. Among the gold miners Kidston fell 10 to 710, Poseidon was 5 off at 288, Renison eased 4 to 746 and Placer Pacific eased 9 to 213. Local oil producers were also in demand pn the back of firming world crude prices.

Closing quotes Last Industrial Buy Sell sale ACI 355 357 355 AGC 295 300 — ANI 265 270 270 ANZ 480 482 485 AWA 656 660 660 AdelStm 1150 1160 1165 Ad’tiser 290 300 —- Alpha 30 38 38 opt — 19 18 Amatil 720 740 730 Amcor 336 337 336 Ampol 215 225 215 Argo . —— 275 275 Ariadne 340 343 342 Arnotts 430 435 435 AFound 209 220 AustOvrs 90 93 93 opt 60 63 63 BHP 780 782 780 BankQld — 330 — BellG 1055 1065 1065 pref 2300 2500 — BondCorp 330 333 333 Boral 400 405 400 Brambles 600 610 610 Brierley 516 520 520 Bundaberg 255 — 255 BumsP 660 •670 660 CIG 335 340 335 CSR 265 268 269 Cadbury 225 228 225 Carricks 31 32 31 ChaseCrp 556 556 Claradeen 130 150 155 Clyde 195 200 CoalAll 440 460 — ColesM 465 468 468 Comalco 230 240 EDunlop 420 425 420 Eastcourt ■ 65 72 Elders 496 500 500 opt ’ 450 480 r-,,—„ Email 235 238 Equitcorp 142 138 Euro-Nat 325 330 330 FAI > FaiflBxJ 690 572 694 576 690 576

FeltexNZ 260 — 270 Fletcher —— 350 350 Fortuna 145 155 — GPT 278 280 280 Goodman 315 320 320 GGotch 400 — 400 Hanimex 63 64 63 HardieJ 358 360 360 Herald 624 628 628 Hitek 135 140 135 Hooker 230 235 230 Humes 270 276 275 IlProp 2100 —— 2300 ICI 235 240 240 lELGrwth 130 135 135 lELIncme 130 132 — IndEquit 680 686 694 Jasco 190 Jennings 182 185 180 JonesDav 1140 — —— JonesRbt 470 485 485 Kern 190 190 Keywest 706 708 708 Larchhill 225 235 —— opt 85 — 90 Leighton 66 67 67 LLease 850 860 860 Linter 460 500 460 MartinPr 130 140 135 MayneN. — 275 275 McPherson 205 210 208 Memtec 230 — 230 Monier 235 240 —- NZFor 215 225 220 NZICorp 155 158 155 delxo 135 — — NatAust 530 532 532 NatCons 262 275 265 NewsCorp 2300 2320 2320 Nicholas 380 385 380 OPSM 325 330 330 Oakbridge 82 83 81 PacDunlp 346 350 350 Parbury 125 130 —— PetersSl’ 200 ’206 205 PioneerC 248 250 250 Pioneers 140 145 140 QBE 630 640 — Reckitt 580 620 610 Rheem 305 320 310 Rothmans 850 860 860 Rothwellsdd 340 350 350 SmithHwd 450 —— 455 Sunshine — 275 275 TNT 300 307 305 UnionC . 540 560 — UnityCrp 430 450 450 Vapocure 220 240 — Vestcorp 63 64 63 Viking 74 76 76 Walton 34 35 34 Wattie 300 310 WfieldHl 1850 1900 1850 Westpac 462 464 462 Woolworth 312 315 310 Aberfoyle 800 — 800 Ashton 165 168 165 AustDevl —— 52 —- BellRes 490 495 495 Bouganvle 258 260 265 CNGold 980 1000 1000 CRA 598 600 600 Carr Boyd 96 98 98 ConsRes 8 9 9 ConsRtle .425 —. ERA 148 149 149 Emperor 345 350 350 GMKalg 1100 1110 1110 Hill 50 41 42 41 Kidston 700 708 710 Kitchener 75 85 —— MIM 178 180 180 MetalsEx 103 . 103 NorthBH 210 215 212 Otter — 48 —— PancontM 240 248 240 Paringa 165 — 160 Peko 560 564 560 Placer 3280 3400 — Poseidon 285 290 288 QldCoal 166 — 167 RGC 746 750 746 SthnPac — 20 — Technomin 48 50 50 WMC 343 345 343 WestSand 215 — 215 WhimCrk 292 295 292 AOG 145 150 150 AmpolExp — 205 200 Beach 63 65 — Bridge — 81 80 Claremont 82 83 — Crusader 160 162 160 Dominion 60 65 58 Hartogen 190 193 190 L’reachO 15 18 — Magellan 135 — 140 Magnet 7 8 — Offshore .6 7 7 OilSerch 47 48 47 PancontP 10 11 — PekoOil 82 85 83 Santos • 380 385 385 Vamgas 240 245 240 WeeksPet 900 — wood'-«r.? 90 : 9l jo