Australian shares still high

Press, 24 December 1986, Page 10

Australian shares still high

NZPA Sydney Australian share markets closed at very high levels again yesterday, but off their all-time highs, as interest in resource and gold stocks offset falls in the media and banking sectors. The markets are trading cautiously because several major players in the share price index futures market are believed to hold large futures positions which must be closed out before the spot contract expires next Tuesday. By the close of trading the all ordinaries index had risen 3.4 points to 1463.8, passing Monday’s record close of 1460.4. The index reached 1465.0 in early business. The all industrials index closed 0.8 points up at 2327.5, from Monday’s record 2326.7, after earlier reaching 2330.4. The all resources index gained 5.5 points to 808.6 and the gold index 19.9 to 1758.1. A strong rise in crude oil prices in Europe overnight sent investors scurrying for oil and gas stocks, but profittaking trimmed back gains towards the close. BHP, Australia’s largest oil producer, rose 14c to 884

Closing quotes Last Industrial Buy Sell sale ACI 407 410 410 AGC 320 330 ANI 300 305 ANZ 584 586 584 AWA 690 710 700 AdelStm 1420 1440 1430 Adtiser 460 475 460 Alpha 31 — 30 opt 17 — —- Amatil 900 902 900 Amcor 395 — 395 Ampol 272 — 272 Argo 330 — 330 Ariadne 346 347 347 Arnotts 512 — 512 AFound 240 245 245 AustOvrs 61 62 61 opt — 22 22 BHP 882 884 884 BankQld 270 275 — Barwon 65 70 70 BellG 884 — 884 pref 2600 2800 — BondCorp 245 248 248 Boral 450 452 450 Brambles 735 740 740 Brierley — 485 485 Bundaberg 240 245 240 BurnsP 890 900 890 CRPTr 55 — — CIG 504 510 508 CSR 335 336 336 Cadbury 215 225 223 Carricks 140 145 140 ChaseCrp 550 570 570 Claradeen 130 —- — Clyde 175 — 175

CoalAll 520 530 530 ColesM 596 600 596 Comalco 210 225 220 DeakMorg 140 145 140 EDunlop 415 — 415 Eastcourt 74 75 75 Elders 440 445 440 opt — 620 —- Email — 292 —— Equitcorp 142 150 142 EuroNat dd 370 390 —- FAI 842 850 840 Fairfax! 1100 1105 1100 FeltexNZ 345 355 — Fletcher — 410 — Fortuna 230 240 235 GPT 266 270 266 Goodman 455 465 460 HDFI 155 — 155 Hanimex 130 — 130 HardieJ 425 — 430 Herald 1250 1280 1250 Hitek — 130 — Hooker 288 290 290 Humes 310 320 315 IlProp 1900 2000 1900 ICI 312 315 315 lELGrwth — 125 — lELIncme — 125 — IndEquit 576 580 580 Jasco 185 200 — Jennings — 170 170 JonesDav 1400 1420 1420 JonesRbt dd 270 280 280 Jonray 440 450 440 Kern 253 255 255 Lrchhill 210 215 — opt 105 120 115 Leighton 78 80 78 LLease 1020 1035 1025 Linter 600 630 630 MayneN 390 — 390 McPherson 258 262 —— Memtec 400 404 400 Monier 225 228 227 NZFor 315 320 320 NZICorp 186 190 190 NatAust 578 580 580 NatCons 340 348 345 NewsCorp 1685 1690 1690

OPSM .350 355 350 Oakbridge 60 ' 61 60 PacDunlop 395 398 398 Parbtiry — 185 182 PetersSl 245 250 245 PioneerC 292 295 292 Pioneers 147 155 147 QBE 850 920 900 Renouf 165 180 170 Rheem 390 395 395 Rothmans 1150 — Rothwells 340 350 SmithHwd 500 506 506 Sunshine 305 310 305 TNT 400 402 405 UnionC 510 — — UnityCrp 300 330 325 Vapocure 200 210 210 Vestcorp 95 98 98 Viking 104 —— 105 Walton 32 33 32 Wattie 490 — 500 WfieldHl ’ 3450 3500 3500 Westmex 210 220 220 Westpac 510 514 510 Woolworth 390 392 390 Wormaid 410 — —— Aberfoyle 1130 — 1120 Ashton 250 255 255 AustDev 330 335 335 BellRes 440 448 445 Bouganvle 311 315 310 CNGold — 1560 1560 CRA 734 740 734 CarrBoyd — 160 158 ConsRes 8 9 — Coronet 185 186 185 Dominion 85 90 84 ERA 175 180 175 Emperordd 560 580 580 GMKalg 1600 1610 1600 H11I50 74 76 76 Kidston 720 726 726 Kitchener 70 75 — MIM 242 244 242 MetalsEx 82 — 82 NorthBH 250 255 255 Otter 60 63 63 PancontM 262 265 265 Paringa 290 295 290

Peko 580 590 590 PlacrDev 3150 3200 — PlacrPac 248 250 250 Poseidon 556 564 560 QldCoal 160 162 161 RGC 970 980 970 SthnPac — 22 21 Technomin 42 44 42 WMC 540 542 542 WestSand 260 265 260 WhimCrk 552 556 556 AOG 225 230 225 AmpolExp 335 340 335 Beach 63 67 65 Bridge 82 83 83 Claremont 76 77 77 Crusader 170 175 175 Hartogen 285 290 285 Magellan 195 200 200 Magnet 8 9 9 Offshore 8 9 8 OilSerch 92 93 93 PancontP 17 20 18 PekoOil 115 117 115 Santos 415 418 415 Vamgas 305 310 — WeeksPet 900 950 Woodside 130 135 136