AUSTRALIA Record levels but shaky

Press, 24 February 1987, Page 25

AUSTRALIA Record levels but shaky

NZPA-AAP Sydney Australian sharemarkets closed at record levels, pushed up by strong support for blue chip industrials and mining stocks. However, brokers said that although the market had begun strongly, prices were shakier as more stock came into the markets in afternoon trading. Some brokers suggested a downward correction was imminent. National turnover was a moderate 134 million shares worth sAustl94 million with rises outnumbering falls five to three. Private Blood Bank shares traded strongly, jumping 350 c to 1350 on turnover of 200,000 shares. On the industrial board Lend Lease improved 30c to 1160 ahead of the release of its interim profits, Arnotts jumped 10c to 560 and Bell Group 15c to 1055, but Woolworths lost 10c to 350 and FAI the same to 980. ■Banking stocks were mixed in a narrow range. Among media issues News Corp finished unchanged at 2350, Fairfax added 10c to 1660, Herald and Weekly Times dipped 40c to 1830 and. Queensland Press put on 50c to 2200 c. BHP was unchanged at 1045 on turnover of 1.3 million and Bell Resources lost 10c to 460. Western Mining was the pick of the mining stocks, advancing 22c to 600, while CRA lost 10c to 704. Elsewhere, Kidston put on 10c to 770 and Emperor 40c to 720. Placer Pacific shed 8c to 242 and Sons of Gwalia 10c to 840. In the oil and gas sector, Santos fell 6c to 400 and Ampol Exploration 10c to 340, while Oilsearch added 6c to 95.

Closing quotes Last Industrial Buy Sell sale ACI 390 398 395 AGC 355 358 355 ANI 345 350 350 ANZ 560 568 568

AWA 674 680 674 Hltek AdelStm 1360 1370 1360 Hooker Adtiser 650 660 670 Humes Alpha 30 35 30 IlProp opt 20 25 — ia Amatil 1060 1070 1060 lELGrwth Amcor 465 - 462 lELIncme Ampol 300 — 295 IndEquit Ariadne 355 360 360 Jasco Arnotts 550 560 560 Jennings AFound —- 275 275 JonesDav AUStOvrs —— 66 65 JonesRbt 21 22 21 Jonray BHP 1035 1040 1045 Kern BankQld 290 300 Lrchhill Barwon 64 67 65 opt BellG ' 1045 — 1055 Leighton Pt 3000 3300 — LLease BondCorp 270 272 272 Linter Boral 465 468 468 MayneN Brambles 880 890 890 McPhers. Brierley 335 340 340 Memtec Bundaberg 250 255 250 Monier BurnsP —•> 990 990 NZFor CRPTr 55 56 55 NZICorp CIG 360 365 365 NatAust CSR 382 384 385 NatCons Cadbury 255 258 255 NewsCorp ChaseCrp 430 440 440 OPSM Claradeen 120 130 120 Oakbridge Clyde 185 190 185 PacDunlp CoalAll 465 470 465 Parbury ColesM 618 620 616 PetersSl Comalco 285 288 285 PioneerC Cornet 120 125 120 Pioneers DeakMorg 165 — 165 QBE EDunlop 415 430 — Renouf Eastcourt 70 72 70 Rheem Elders 498 499 500 Rothmans del 490 Rothwells Email 315 317 315 SmlthHwd Equitcorp 138 140 138 Sunshine EuroNat 320 330 TAGPac FAI 970 990 980 TNT Fairfax! 1660 1680 1660 UnlonC FeltexNZ — 337 UnityCrp Fletcher 415 —— 420 Vapocure Fortuna —— 230 —— Vestcorp GPT 270 275 275 Viking Goodman 445 450 445 Walton HDFI 135 140 135 Wattle Hanimex — 170 165 WfieldHl HardieJ 435 440 440 Westmex Herald — 1830 1830 Westpac

100 Woolworth 345 350 350 365 — 365 Wormaid 405 410 410 280 285 - Aberfoyle 1100 — 1100 1900 2000 Ashton 308 310 310 340 345 343 AustDevl 395 400 400 —— 110 —— BellRes 450 465 460 100 124 — Bouganvle 325 326 325 530 534 534 CNGoid 1520 1550 1530 195 195 CRA 702 706 704 180 185 180 CarrBoyd 148 150 148 1570 1600 1570 ConsRes 6 7 6 150 170 150 ConsRtle 750 — — 350 380 380 Dominion 148 152 152 250 255 250 ERA 175 180 175 250 260 258 Emperor 720 730 720 130 150 ■ —. GMKalg 1930 — 1950 — 95 95 GiantRes 320 330 330 1150 1160 1160 H11150 — 102 102 770 780 770 Kidston 760 770 770 — 430 — Kitchener — 100 90 285 290 285 MIM 245 248 245 490 530 500 MetalsEx 90 92 92 240 245 240 NorthBH 250 253 253 315 320 315 Otter — 90 — 185 195 185 PancontM 345 350 345 538 540 538 Paringa 285 290 290 350 350 Peko 560 570 560 2360 2370 2350 PlacrDev 4000 — — 380 390 390 PlacrPac 240 242 242 58 60 60 Poseidon 690 700 700 486 490 488 QldCoal 146 147 147 230 240 230 RGC 1240 1245 1245 235 238 238 SthnPac 20 23 23 340 345 340 Technomin 65 66 65 180 182 180 WMC 598 600 600 950 980 960 WestSand 300 310 300 230 240 235 WhimCrk 640 650 640 470 480 — AOG —. — 260 1280 1300 1300 AmpolExp 340 345 340 350 365 350 Beach 60 63 60 516 520 516 Bridge 88 90 88 280 290 280 Claremont 80 82 82 75 78 78 Crusader 175 180 180 460 465 465 Hartogen 310 330 315 600 640 600 Magellan 181 200 — 290 295 290 Magnet 9 10 9 230 235 230 OilSerch 94 100 95 105 ___ 105 PancontP 17 19 18 84 85 85 PekoOil 108 110 110 45 45 Petroz 7 8 8 __ 530 — Santos 400. 405 400 3000 3400 3400 Vamgas 285 300 285 — 240 240 WeeksPet 950 —— 950 — 465 465 Woodside 188 190 190