AUSTRALIA Markets close higher

Press, 30 August 1986, Page 25

AUSTRALIA Markets close higher

NZPA-AAP Sydney Continuing bullish sentiment for quality industrial equities saw Australian sharemarkets close higher. Trading was brisk with selective interest highlighting insurance, banking and mining sectors, brokers said. Brokers said trading was also buoyed by a number of healthy profit announcements which boosted investor confidence and instilled a sense of direction into the market. “The extent of support for industrials stocks was surprising," one broker said. “We are getting people back on take-over speculation with the easing of foreign investment guidelines.” Mercantile Mutual was among the major improvers, rising 150 c to 950 for a twoday improvement of 200 c. Ten cent rises took FAI to 710 and Edward Lumley to 730. The ANZ led the banks

with a 7c rise to 495. The Advance Bank was 5c firmer at 265, while the National Australia was steady on 534, and Westpac eased 2 to 460. Elsewhere, Bond Corp closed 8c lower at 327 after peaking at 350 in early trading following its 390 per cent rise in profit. Peko-Wallsend, which has posted a 100 per cent, profit increase closed 10c higher on 570. Elsewhere, BHP rose 2 to 786 in thin turnover, Adsteam was 20 up on 1180, while Bell Resources fell 5 to 495 and Elders IXL lost 10 to 485. Bell Group was steady on 1060. Soaring world precious metal prices brought local producers into demand with gold miner GMK up 20 to 1120, Kidston 10 to 680 and Placer Pacific 6 to 209, on a turnover of nearly 2 million shares. CRA was up 4 to 600 and platinum miner Helix rose 10 to 140, while Western Mining remained steady on 343.

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents Yld% ratio high low 355 356 355 ACI 17.00 4.79 13.9 380 280 295 300 300 AGC 11.00 • 3.67 9.5 355 245 260 265 262 AN! 16.50 6.30 10.5 395 238 493 495 495 ANZ 31.00 6.26 5.2 630 442 628 630 628 AWA 20.00 3.18 21.7 660 540 1200 1250 1180 AdelStm 32.00 2.67 17.7 1680 980 — 300 — Ad’tiser 11.00 3.67 14.2 315 200 — 38 35 Alpha — —- —— 63 30 18 19 — opt — — — 42 15 740 760 740 Amatil 28.00 3.78 10.9 826 586 348 ' 1 348 Amcor 19.00 5.46 10.9 380 289 210 215 210 Ampol 7.50 3.57 8.1 255 205 295 — 295 Argo 12.00 4.07 26.2 318 255 347 348 348 Ariadne 7.00 2.01 44.1 360 200 435 450 440 Arnotts 15.00 3.41 17.5 485 305 210 215 210 AFound 10.25 4.88 18.9 250 180 100 101 100 AustOvrs —- — —— 100 46 70 72 70 opt — — —— 70 6 784 788 786 BMP 37.50 4.77 9.9 922 614 300 330 — BankQld 15.00 4.69 12.3 355 275 1050 1060 BellG 10.00 94 11.2 1070 586 2300 2500 — pref 39.00 1.63 — 2470 1530 327 328 327 BondCorp 10.00 3.06 •19.4 445 178 405 415 410 Boral 15.00 3.66 11.6 502 322 596 600 600 Brambles 21.00 3.50 15.0 710 435 520 530 520 Brierley 7.60 1.46 20.8 710 360 250 260 260 Bundaberg 6.00 2.31 31.7 285 210 664 680 664 BurnsP 20.00 3.01 12.5 756 510 355 385 365 CIG 14.50 3.97 13.8 405 275 272 275 273 CSR 18.00 6.59 11.6 380 257 230 240 240 Cadbury 7.50 3.13 18.5 540 215 30 31 31 Carricks 2.75 8.87 8.6 38 25 574 580 574 ChaseCrp 10.20 1.78 12.4 960 400 145 150 — Claradeen 6.00 4.00 — 180 112 195 200 195 Clyde 11.25 5.77 11.5 212 175 460 470 — CoalAll 20.00 4.35 25.6 522 400 468 470 468 ColesM 21.00 4.49 10.3 646 425 225 230 230 Comalco 2.00 87 — 265 182 420 422 420 EDunlop 18.00 4.29 19.3 430 355 74 72 Eastcourt 6.00 8.33 18.0 90 65 485 488 485 Elders 20.00 4.12 14.4 512 300 460 490 460 opt — — —— 480 130 235 240 235 Email 12.50 5.32 8.8 262 170 145 146 145 Equicorp 1.00 69 85.3 195 120 330 350 330 Euro-Nat — — — 410 115 706 710 710 Fai 5.00 70 9.4 920 470 562 566 566 FairfaxJ 10.00 1.77 13.2 860 520 270 —— — FeitexNZ 9.50 3.52 9.5 270 220 — 350 340 Fletcher 17.48 5.14 9.2 390 225 150 — Fortuna 6.84 4.56 10.9 150 80 267 273 272 GPT 21.60 7.94 12.6 282 214 320 330 — Goodman 9.00 2.81 20.4 410 230 400 430 400 GGotch 15.00 3.75 17.0 435 300 62 63 63 Hanimex —— — 7.4 98 46 355 36 360 HardieJ 22.00 6.11 11.7 375 315 616 620 620 Herald 18.75 3.02 20.0 730 500 148 150 150 Hltek — — — 170 115 220 225 225 Hooker 12.00 5.33 10.5 305 178 280 285 280 Humes 12.50 4.46 13.6 280 172 — 2350 — HProp — — — 2350 1500 237 238 238 ICI 16.00 6.72 10.1 285 220 130 — — lELGrwth 5.31 3.96 25.2 135 65 134 135 135 lELIncme 10.62 7.87 12.7 135 75 700 706 710 IndEquit 10.00 1.42 26.5 1000 580 — 190 — Jasco 5.00 2.63 12.3 205 178 182 190 185 Jennings 10.00 5.41 10.2 240 170 1180 1200 1180 JonesDav 32.00 2.71 15.2 1620 1000 450 475 470 JonesRbt 6.65 1.41 12.3 510 185 200 210 210 Kern 5.00 2.38 21.0 225 165 690 700 690 Keywest 8.75 1.27 57.0 790 476 224 225 — Larchhill —— —— 75.0 315 210 88 — 90 opt — — —— 210 80 60 63 62 Leighton — —— — 90 49 860 870 860 LLease 36.00 4.19 13.7 980 578 485 495 485 Linter 14.00 2.89 17.7 620 350 130 135 135 MartinPr 5.00 3.70 14.2 140 103 278 280 278 MayneN 16.00 5.76 8.7 385 265 208 — 208 McPhers 12.00 5.77 9.8 275 200 235 235 Memtec — — — 275 125 250 250 Monier 11.00 4.40 10.7 272 198 215 — NZFor 11.02 5.13 10.6 220 155

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents Yld% ratio high low 153 158 155 NZICorp 6.46 4.17 9.6 185 110 135 — NZICorp <3 — —— — 150 150 532 534 534 NatAust 29.00 5.43 6.1 672 442 264 —— 265 NatCons 14.00 5.28 9.2 325 218 2380 2400 2380 NewsCorp 10.00 .42 31.7 2600 900 380 385 385 Nicholas 10.00 2.60 18.4 385 240 330 340 335 OPSM 12.00 3.58 17.7 375 295 82 84 82 Oakbridge — — — 130 64 348 350 348 PacDunlp 12.00 3.45 13.0 405 250 125 130 — Parbury 10.00 7.69 4.7 195 130 205 206 205 PetersSl 14.00 6.83 8.1 235 175 262 ■ ■ 265 PioneerC 12.50 4.72 10.0 310 235 140 142 140 PioneerS 6.00 4.29 19.2 180 140 610 — QBE 20.00 3.28 9.4 890 550 630 634 630 Reckitt 19.00 3.02 16.2 636 350 315 —— 315 Rheem 17.50 5.56 10.1 395 280 860 — 860 Rothmans 32.00 3.72 7.9 900 610 350 360 355 Rothwells 12.50 3.52 11.0 395 310 450 —. 455 SmithHwd 25.00 5.49 18.1 520 395 280 283 280 Sunshine 12.00 4.29 31.5 325 210 300 306 305 TNT 14.00 4.59 11.7 420 248 540 —— 560 UnionC 20.00 3.57 14.5 560 340 430 440 440 UnityCrp 8.00 1.82 19.6 1200 400 — 220 220 Vapocure 1.87 .85 34.6 315 210 63 64 — Vestcorp 3.00 4.76 8.3 112 60 76 —— 76 Viking — —— — 135 52 34 35 34 Walton — — — 42 31 305 310 310 Wattle 12.60 4.06 11.3 310 240 1850 1900 — WfieldHI 15.00 .81 46.8 2400 1140 460 462 460 Westpac 28.00 6.09 6.3 632 435 320 —- 320 Woolworth 16.50 5.16 10.5 380 260 410 — 410 Wormaid 20.00 ’ 4.88 11.6 480 335 800 — Aber! 5.00 .63 42.1 980 680 163 166 165 Ashton — — 35.9 175 114 051 051 AustDevl — —— — 065 014 490 495 495 BellRes 15.00 3.03 6.5 660 370 268 270 270 Bouganvle 10.00 3.70 30.9 287 190 1000 1010 1000 CNGold 40.00 4.00 20.6 1150 620 600 604 600 CRA 15.00 2.50 33.7 740 546 095 096 096 CarrBoyd 6.00 6.25 — 178 095 008 009 009 ConsRes — — ——> 014 005 450 460 450 ConsRtle 17.00 3.78 16.4 450 370 150 155 150 ERA 10.00 6.67 12.2 183 140 340 345 340 Emperor —— — —— 410 275 1100 1110 1120 GMKalg 50.00 4.50 20.6 1150 650 040 041 041 Hill 50 —— — 36.9 041 020 670 680 680 Kidston 40.00 5.88 16.6 740 490 077 — Kitchener —— — — 1’. 055 175 177 177 MIM 4.00 2.26 22.4 313 149 102 103 MetalsEx — — 06.0 105 028 225 228 225 NorthBH 6.00 2.67 32.6 285 165 048 045 Otter — — 057 038 235 238 238 PancontM — 54.2 250 160 165 175 170 Paringa — —— 77.3 170 098 570 576 570 Peko 20.00 3.51 16.5 580 435 3200 3300 — PlacrDev —— — — 3500 2080 285 290 290 Poseidon 10.00 3.45 14.5 345 220 165 166 165 QldCoal 23.56 4.28 7.0 182 133 720 730 720 RGC 10.00 1.39 37.5 780 480 016 019 — SthnPac — — —— 025 014 050 — Technomin — — — 055 025 343 345 343 WMC 8.00 2.33 30.9 412 278 220 220 WestSand 8.00 3.64 12.4 230 148 300 305 300 WhimCrk 11.00 3.67 — 310 190 146 150 150 AOG —- — —— 190 137 200 202 200 AmpolExp — — 7.4 265 165 063 066 065 Beach —— —f — 080 052 078 080 080 Bridge 3.00 3.75 6.8 222 063 081 082 080 Claremont 5.00 6.17 3.7 125 060 162 165 165 Crusader — — 11.3 95 115 065 068 068 Dominion — — — 090 049 202 '205 202 Hartogen 5.00 2.48 10.2 213 150 015 018 015 L’reach O —— —- 018 010 145 150 145 Magellan — —— 250 095 007 008 — Magnet — — on 005 006 007 007 Offshore — —— —■ 014 006 057 058 057 OilSerch — —— —- 060 022 010 on 010 PancontP — —— — 024 008 080 082 082 PekoOH —— — — 092 054 382 385 385 Santos 20.00 5.19 6.4 556 326 240 245 245 Vamgas 8.00 3.27 10.8 320 185 900 — — WeeksPet —- — 16.9 900 670 085 090 088 Woodside — — — 125 075