AUSTRALIA Markets pull back

Press, 30 September 1986, Page 21

AUSTRALIA Markets pull back

NZPA-AAP Sydney Australian share markets pulled back from record levels set last week to close mixed with an easier bias in subdued trading. Brokers said a brief midsession rally gave way to scattered selling as volumes tapered off towards the close with operators unwilling to commit funds ahead of the evening’s Wall Street trading. Brokers reported selective demand for situation stocks, but said investors were content to stand back from the market in quiet end-of-quar-ter trading following mixed signals from abroad over the week-end.

lEL went against the trend with an 18c rise to 764, after peaking at 776, with its annual profit result expected today. Among situation stocks, Herald and Weekly times eased 20 to 700 in thin turnover after heavy buying from lEL last week and ACI shed 2 to 370. Elsewhere, Woolworths rose 11 to 351 and Email was steady on 300. AWA, which is expected to release its final results today, fell 10 to 610, Ariadne was 6 down at 272, while News Corp rose 70 to 2970 and Fairfax gained 6 to 576. Elsewhere among the leaders, BHP closed 4 up at 814 after touching 816 in quiet trading, and North Broken Hill eased 4 to 226. On the mining boards, lower bullion prices and a steadier currency dampened demand for gold and mining stocks. Central Norseman and GMK eased 20 each to 1510 and 1400 and Kidston shed 10 to 790, while Emperor added 15 to 475. Among the heavyweights, 10c falls took CRA to 305 and Bougainville to 305 and Westerm Mining shed 7 to 433.

Closing quotes Last Industrial Buy Sell sale ACI 370 371 370 AGC 320 — 330 ANI 278 285 278 ANZ 512 514 512 AWA 610 620 610 Adel Stm 1170 1200 1170 Ad’tiser 290 300 — Alpha 38 40 — opt 19 20 20 Amatil 740 750 740 Amcor 365 370 370 Ampol 225 230 225 Argo 282 — — Ariadne 270’ 272 272 Arnotts 455 — 455 A Found 190 195 190 Aust Ovrs 77 80 77 opt 48 50 48 BHP 814 816 814 Bank Qld 300 315 — Barwon 55 57 55 Bell G 970 974 974 pref — 2300 —

Bond Corp 298 300 298 Boral —- 368 368 Brambles 642 646 642 Brierley 556 560 556 Bundaberg 287 295 290 Burns P 680 684 680 CIG 365 370 365 CSR 280 282 280 Cadbury 235 250 240 Carricks 30 33 32 Chase Crp •195 500 490 Claradeen 150 155 —- Clyde 178 — 180 Coal All 530 540 520 Coles M 488 490 488 Comalco 238 245 — Deak Morg 135 — 135 E Dunlop 415 —- 420 Eastcourt — 80 —— Elders 473 474 473 opt 440 460 —- Email 295 302 300 Equitcorp 160 162 158 Euro-Nat — — 370 FAI 698 700 700 Fairfax J 570 —• 576 Feltex NZ 285 295 285 Fletcher 355 — — Fortuna 175 180 180 GPT 282 285 280 Goodman 335 340 339 G Gotch 420 450 — Hanimex 74 75 75 Hardie J 360 365 360 Herald 700 710 700 Hitek 142 150 — Hooker 233 235 235 Humes 310 320 320 I I Prop 1950 2000 2000 ICI 248 250 248 IEL Grwth 144 150 144 IEL Incme 144 — 144 Ind Equit 766 768 764 Jasco 170 175 — Jennings 185 190 185 Jones Dav — 1210 — Jones Rbt 440 460 445 Kern 180 185 185 Keywest 750 770 — Lrchhill 220 225 225 opt 95 100 — Leighton 65 67 65 L Lease — 850 850 Linter 510 516 510 Mayne N 304 310 305 McPherson 220 —- 222 Memtec 332 340 335 Monier 232 240 232 NZ For 220 230 220 NZI Corp 165 166 165 delxo 140 — — Nat Aust 524 528 524 Nat Cons 285 290 285 News Corp 2950 2980 2970 Nicholas 380 385 380 OPSM 325 330 330 Oakbridge 82 85 82 Pac Dunip 330 332 330 Parbury 140 — — Peters SI — 196 198 Pioneer C 265 268 265 Pioneer S — 140 140 QBE 610 630 610

Reckitt 640 650 640 Renouf — 168 168 Rheem 330 333 330 Rothmans 910 914 912 Rothwells dd 350 355 355 Smith Hwd 485 490 485 Sunshine 335 340 335 TNT 309 310 309 Union C 520 536 — Unity Crp 490 510 490 Vapocure 185 190 190 Vestcorp 65 70 70 Viking 80 85 82 Walton 32 33 34 Wattie 270 275 —- Wfield Hl 2200 2300 2300 Westmex 194 195 195 Westpac 454 456 455 Woolworth 350 355 351 Wormaid 415 425 Aberfoyle 900 950 930 Ashton 200 202 200 Aust Devi 125 132 132 Bell Res 437 440 440 Bouganvle 302 305 305 CN Gold 1510 1530 1520 CRA 700 704 700 Carr Boyd 112 113 112 Cons Re's 7 8 8 Cons Rtle 440 455 450 ERA 155 158 155 Emperor 470 473 475 GM Kalg 1400 1420 1400 Hill 50 59 60 59 Kidston 798 810 800 Kitchener 85 95 85 MIM 230 232 230 Metals Ex 133 135 135 North BH 226 227 226 Otter 56 58 56 Pancont M 280 285 280 Paringa 218 220 220 Peko 600 610 — Placr Dev 3500 3650 — Placr Pac 270 275 270 Poseidon 385 388 385 Qld Coal 170 171 171 RGC 740 760 760 Sthn Pac — 22 — Technomin 38 45 40 WMC 434 435 434 West Sand 180 195 185 Whim Crk 400 405 400 AOG 155 — 160 Ampol Exp 225 — 225 Beach 66 67 67 Bridge 66 — 66 Claremont 90 95 95 Crusader 175 185 180 Dominion 65 68 67 Hartogen 220 222 222 L’reach 0 12 14 —— Magellan 165 — 165 Magnet — 9 9 Offshore 6 7 7 Oil Serch — 61 61 Pancont P 11 11 Peko Oil 88 90 90 Santos 380 385 385 Vamgas 245 250 250 Weeks Pet 850 — — Woodside 95 97 97