Aust, markets at records again
NZPA-AAP Sydney Strong demand for gold stocks and widespread support for industrial issues sent Australian share markets to record levels in active trading.
The Federal Government decision to maintain the gold industry’s tax exempt status spurred demand for key gold stocks, • while a stronger dollar encouraged support for blue chip industrials on hopes that domestic interest rates will fall.
Among the gold miners, Central Norseman leapt 80c to 1500. Metana added 50c to 710 while Whim Creek rose 40c to 490. Heavyweight miners were also in demand with Renison 30c higher at 980, Western Mining jumped another 18c to 536 with Bougainville up 7c at 315. BHP fell 2 to 876 as hopes for a production quota agreement from the latest OPEC meeting dimmed, while Santos, Australia’s largest onshore oil producer, fell 13 to 405.
Media stocks attracted attention on the industrial boards with Herald and Weekly Times up 10c at 1230, Queensland Press 60c higher at 1680, Advertiser up 5c at
345 and News 10 lower at 1660. Elsewhere, insurer FAI retraced Tuesday’s lost ground with a 30c gain to 830, QBE added 10c to 828, Adsteam rose 20c to 1460 and Lend Lease advanced 10c to 1010. The banks were also firmer with Westpac up 10c at 524.
Closing quotes Last Industrial Buy Sell sale ACI 405 410 405 AGC 315 — 320 ANI 290 295 295 ANZ 596 600 600 AWA 690 710 700 AdelStm 1450 1460 1460 Ad’tiser 440 460 450 Alpha — 35 — opt 15 — 15 Amatil 890 910 900 Amcor 388 390 390 Ampol 272 275 272 Argo — 320 320 Ariadne 354 355 355 Arnotts 510 — 510 AFound 225 230 230 AustOvrs 65 68 67 opt — 24 24 BHP 874 876 876 BankQld 270 275 — Barwon 68 70 70 BellG " 886 890 890 Pf 2600 2800 — BondCorp 248 250 250 Boral 444 448 444 Brambles 750 754 750 Brierley 500 504 504 Bundaberg 240 245 245 BurnsP 880 — 880 CRPTr 55 — — CIG 520 — 520
CSR 320 322 320 Cadbury 223 229 225 Garricks — 145 140 ChaseCrp 570 580 570 Claradeen — 135 —- Clyde 160 165 165 CoalAlI 470 — 470 ColesM 608 — 610 Comalco 230 235 230 DeakMorg 142 150 142 EDunlop 410 425 — Eastcourt 70 72 70 Elders 435 436 435 opt 590 620 600 Email 292 295 290 Equitcorp 148 — 146 Euro-Nat dd 390 420 — FAI 828 830 830 FairfaxJ 1100 1150 1100 FeltexNZ 350 355 350 Fletcher 425 430 430 Fortuna — 243 240 GPT 258 261 259 Goodman 452 — 452 HDFI 150 153 150 Hanimex 115 118 — HardieJ 415 418 415 Herald 1220 1230 1230 Hitek — 137 — Hooker 283 285 282 Humes 302 310 300 IlProp 1900 2050 — ICI 310 314 310 lELGrwth — 125 — lELIncme — 125 — IndEquit 576 582 580 Jasco 170 190 —— Jennings 170 171 170 JonesDav 1400 1410 1400 JonesRbt dd 300 310 305 Jonray 460 — 460 Kern 265 270 265 Lrchhill 220 230 — opt 115 120 115 Leighton 78 80 —
LLease 1000 1020 1010 Linter 640 660 650 MayneN 380 382 380 McPherson 255 262 — Memtec 395 400 400 Monier 230 232 232 NZFor 315 320 315 NZICorp 185 188 188 NatAust 570 572 570 NatCons 350 — 350 NewsCrp 1660 1670 1660 OPSM 350 370 360 Oakbridge 65 66 66 PacDunlp 385 384 Parbury 182 190 — PetersSl 250 255 250 PioneerC 310 315 310 Pioneers 140 145 140 QBE - 820 830 820 Renouf 166 170 170 Rheem 375 ' — 375 Rothmans 1150 1200 1180 Rothwells 348 350 350 SmithHwd 470 480 470 Sunshine 310 315 310 TNT 370 376 376 UnionC 510 — 510 UnityCrp 350 360 360 Vapocure 220 225 225 Vestcorp 95 105 90 Viking 102 108 104 Walton 33 34 33 Wattle 476 — — WfieldHl 3300 — 3300 Westmex 210 212 210 Westpac 522 524 524 Woolworth 390 392 390 Wormaid — 425 420 Aberfoyle 1090 1100 1100 Ashton 265 270 265 AustDevl — 345 345 BellRes 422 425 425 Bouganvle 315 316 315 CNGold 1510 — 1500 CRA 732 734 734
CarrBoyd 145 — 150 ConsRes — 9 9 ConsRtle 660 — — Coronet 180 182 180 Dominion 82 85 85 ERA 168 — 170 Emperor dd 610 620 620 GMKalg 1560 1600 — HiI150 74 75 75 Kidston 730 740 740 Kitchener 70 75 — MIM 249 250 250 MetalsEx 80 83 83 NorthBH 262 263 261 Otter 62 68 — PancontM 270 275 270 Paringa 290 295 290 Peko 586 590 590 PlacrDev — 3250 — PlacrPac 247 252 250 Poseidon 550 560 550 QldCoal 162 163 163 RGC 970 990 980 SthnPac 19 — — Technomin 42 43 42 WMC 536 538 536 WestSand 264 — 264 WhimCrk 490 500 490 AOG 215 220 220 AmpolExp — 345 345 Beach 67 68 68 Bridge — 80 80 Claremont 72 76 76 Crusader 170 175 175 Hartogen 275 280 280 Magellan 195 200 195 Magnet 7 8 8 Offshore 8 9 8 OilSerch 90 92 92 PancontP 17 18 17 PekoOil 113 116 116 Santos — 410 405 Vamgas 310 320 310 WeeksPet 920 950 920 Woodside 135 136 135
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Press, 18 December 1986, Page 37
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826Aust, markets at records again Press, 18 December 1986, Page 37
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