AUSTRALIA Demand despite retreat

Press, 25 February 1987, Page 40

AUSTRALIA Demand despite retreat

NZPA-AAP Sydney Australian sharemarkets closed lower, retreating from Monday’s record levels, as an absence of any positive economic news and weaker gold prices sent the market

down. However, brokers reported strong demand for leading industrial stocks such as Pacific Dunlop, Amcor and Amatil, despite the general downward trend.

Closing quotes Buy Sell Sale 1 390 393 390 ACI 358 — 358 AGC 340 345 340 ANI 558 560 560 ANZ 670 680 670 AWA 1360 1370 1360 AdelStm 630 650 650 Ad’tiser 030 033 034 Alpha 020 025 020 opt 1060 — 1080 Amatail 477 480 480 Amcor 300 310 300 Ampol —' — — Argo 365 370 365 Ariadne 560 — 566 Arnotts — — 275 AFound 058 065 — AustOvrs 018 020 020 opt 1025 1030 1025 BHP 290 300 — BankQld — 067 065 Barwon 1030 1035 1035 BellG 3000 3300 .— pref 271 272 270 BondCorp 465 467 467 Borai 880 884 880 Brambles 339 346 342 Brierley 250 252 250 Bundaberg 970 990 980 BurnsP 055 056 — CRPTr — 360 360 CIG 382 383 383 CSR 250 255 255 Cadbury 425 440 435 ChaseCrp — 130 — Claradeen 185 187 187 Clyde 465 — 465 CoalAll 616 620 616 ColesM 280 282 280 Comalco 120 125 120 Coronet 165 170 165 DeakMorg 415 — 420 EDunlop 070 071 070 Eastcourt 497 500 498 Elders

Dividends P/E Year’s Cents Yld% ratio high low 17.00 4.36 15.3 410 375 11.00 3.07 11.2 360 330 16.50 4.85 11.0 355 300 31.00 5.54 7.3 600 540 20.00 2.99 16.8 720 600 34.00 2.50 10.3 1450 1300 11.00 1.69 30.7 7.10 475 1.00 3.03 9.2 040 030 — — — 032 020 29.00 2.69 13.6 1080 880 20.00 4.17 14.2 480 400 7.50 2.50 10.4 300 270 12.00 3.64 29.3 360 330 7.50 2.05 22.9 372 320 15.50 2.74 21.1 570 510 10.25 3.73 24.8 280 245 .50 .77 74.7 068 055 — — — 025 017 37.50 3.66 13.0 1055 884 15.00 5.17 11.7 290 275 .50 .77 77.4 080 056 10.00 .97 14.6 1060 900 39.00 1.30 — — — 10.00 3.69 i 5.9 305 255 16.50 3.53 13.9 . 485 430 21.50 2.44 15.9 900 754 8.00 2.34 9.2 540 318 6.00 2.40 30.5 260 235 20.00 2.04 15.8 1050 896 4.60 8.36 12.0 055 054 17.00 4.72 17.6 504 360 18.00 4.70 16.3 415 345 7.50 2.94 19.7 260 220 10.20 2.34 9.4 570 400 — —. 30.0 140 115 11.25 6.02 11.7 195 160 30.00 6.45 6.2 540 460 21.00 3.41 15.5 630 590 2.00 .71 — 290 230 — — —. 225 120 5.00 3.03 17.4 170 130 18.00 4.29 19.3 430 410 6.00 8.57 6.4 082 068 18.00 3.61 12.3 530 450

490 310 315 — del 310 Email 136 138 137 Equitcorp 335 350 330 Euro-Nat 980 990 980 FAI 1650 1655 1650 FairfaxJ — 337 — FeltexNZ 420 —— 420 Fletcher 220 — 220 Fortuna 275 280 275 GPT 425 440 440 Goodman — 138 138 HDFI 155 160 — Hanimex 435 440 440 HardieJ 100 115 100 Hitek 350 355 355 Hooker 285 285 Humes 1900 2000 — UProp 336 340 340 ICI — no — lELGrwth 100 124 — lELIncme 530 534 534 IndEquit 195 — — Jasco 180 185 — Jennings 1550 1600 1570 JonesDav 150 170 — JonesRbt 355 380 — Jonray 250 255 250 Kern 250 260 258 Lrchhill 130 140 — opt 88 90 88 Leighton 1140 — 1140 LLease — 770 770 Linter — 430 — MayneN 285 288 285 McPher 510 530 510 Memtec 240 245 240 Monier 318 320 318 NZFor 182 — 185 NZICorp 536 538 538 NatAust 350 — — NatCons 2300 2320 2300 NewsCorp 385 390 385 OPSM 55 57' 56 Oakbridge 508 510 510 PacDunlop 230 240 — Parbury — 238 235 PetersSl 345 350 350 PioneerC 182 □— 182 PioneerS 960 990 980 QBE 235 240 240 Renouf — 470 470 Rheem — 1300 — Rothmans 360 365 360 Rothwells 516 520 516 SmithHwd 285 290 285 Sunshine — 75 75 TAGPac 452 455 455 TNT 600 620 600 UnionC 290 — 290 UnityCrp 220 230 230 Vapocure 108 118 108 Vestcorp 75 84 82 Viking —— 43 40 Walton — 530 — Wattie 3000 — 3450 WfieldHl 230 235 235 Westmex 470 472 470 Westpac 350 360 350 Woolworth 408 410 410 Wormaid nob — — Aberfoyle 305 310 305 Ashton " 400 — 400 AustDevl 450 — 455 BellRes 320 322 320 Bouganvle 1510 1530 1520 CNGold 676 680 680 CRA 150 160 150 CarrBoyd 007 008 007 ConsRes 750 770 760 ConsRtle 145 150 150 Dominion 175 180 175 ERA 710 716 710 Emperor 1920 1940 1930 GMKalg 325 330 325 GiantRes 097 100 100 HH150 740 750 750 Kidston — 095 093 Kitchener 235 240 240 MIM 080 090 085 MetalsEx 245 248 245 NorthBH 087 090 087 Otter 340 340 PancontM 285 290 290 Paringa 570 — 570 Peko 4050 4100 — PlacrDev 232 235 232 PlacrPac 690 700 690 Poseidon 147 — 147 QldCoal 1245 1250 1250 RGC 022 025 022 SthnPac —- 065 065 Technomin 594 596 596 WMC 300 — 310 WestSand 630 640 620 WhimCrk 260 — 260 AOG 330 335 330 AmpoIExp 060 061 060 Beach 090 091 090 Bridge 080 082 080 Claremont 175 180 180 Crusader 315 320 315 Hartogen 185 — 185 Magellan 009 010 010 Magnet 095 097 092 OHSerch 018 019 018 PancontP — 110 110 PekoOil 007 008 008 Petroz 395 400 395 Santos 280 285 280 Vamgas 950 —— — WeeksPet 180 185 180 Woodside

12.50 4.03 11.5 317 270 1.00 .73 80.6 145 125 — — — 470 310 5.00 .51 14.8 1010 840 12.50 .76 36.8 2000 1050 11.20 3.32 8.8 340 340 18.40 4.38 11.6 475 400 8.00 3.64 15.2 240 220 21.60 7.85 12.7 280 265 10.00 2.27 24.9 490 410 8.75 6.34 6.9 160 135 2.00 1.25 21.3 200 130 22.00 5.00 14.3 470 410 — —— 93.5 125 90 14.00 12.6 355 288 13.00 4.56 13.9 305 275 — — — 2000 1900 16.00 4.71 12.1 350 315 5.72 5.72 17.5 105 100 11.44 .90 9.2 105 100 10.00 1.87 16.9 600 500 5.00 2.56 12.6 185 10.00 5.56 9.9 2J0 170 34.00 2.17 10.9 1570 1370 .02 .01 — 255 150 — ■ — 26.2 430 380 5.00 2.00 8.9 270 245 12.00 4.65 3.8 280 215 — — — 140 115 — — — 108 79 36.00 3.16 18.1 1160 960 14.00 1.82 28.1 776 630 16.00 3.72 13.4 450 400 12.00 4.21 13.4 290 260 — — 12.1 560 430 11.00 4.58 10.8 245 220 12.00 3.77 14.9 330 315 6.80 3.68 10.9 195 170 29.00 5.39 6.2 610 538 15.00 4.29 8.1 365 325 10.00 .43 25.8 2400 1630 12.00 3.12 18.9 390 350 — — —- 65 55 12.50 2.45 20.4 524 387 10.00 4.35 14.1 230 182 15.00 6.38 12.6 250 230 12.50 3.57 14.7 355 290 9.00 4.95 24.3 200 150 21.50 2.19 13.6 980 890 — — — 280 195 17.50 3.72 15.0 480 410 18.00 — — 1420 1200 12.50 3.47 9.9 370 330 25.00 4.84 15.6 520 470 12.00 4.21 7.3 310 265 10.00 3.33 4.4 110 71 17.00 3.74 13.7 475 375 20.00 3.33 12.5 650 510 9.00 3.10 6.5 . 370 260 3.75 1.63 15.0 280 220 3.00 2.78 11.7 ’ 110 85 — — 48.2 105 80 — —— — 52 31 12.30 2.46 24.5 530 490 15.00 .43 87.3 3450 3200 — — 33.5 275 210 28.00 5.96 6.5 506 458 16.50 4.71 11.5 <00 340 20.00 4,88 8.9 140 400 5.00 .45 57.9 1250 1000 — — 66.3 315 260 — —— — 415 335 15.00 3.30 5.4 490 438 18.59 5.81 16.8 355 307 60.00 3.95 15.8 1750 1490 6.00 .88 38.2 768 680 6.00 4.00 15.0 170 135 — — — 010 006 44.00 5.79 15.4 760 6800 — — 170 085 10.00 5.71 14.2 190 170 13.00 1.83 61.2 720 600 80.00 4.15 36.4 1950 1600 — — 6.3 380 290 1.50 1.50 90.1 108 079 40.00 5.33 18.3 840 690 — — —— 115 070 4.00 1.67 30.4 275 210 — — 12.5 112 083 8.00 3.27 16.7 280 232 — — — 115 065 2.50 .74 18.1 362 260 — — 92.9 295 265 20.00 3.51 9.6 630 560 —— — 4100 3150 3.00 1.29 — 280 222 10.00 1.45 9.0 710 550 24.00 6.33 6.1 175 140 15.00 1.20 45.8 1250 960. — — — . 025 020 _— — — 070 035 6.00 1.01 77.4 638 550 8.00 2.58 17.4 310 260 11.00 1.75 — 646 564 — 56.5 275 235 — 10.5 '405 330 — — — 072 060 3.00 3.33 7.6 105 080 3.50 4.38 13.3 .100 . 073 — ■ II 12.3 ■200 175 — — 15.9 350 285 — — 210 170 —— — ' •Oil 007 — . ill2 083 — — — 020 017 — — — 128 103 — — —- 1 009 007 14.00 3.54 6.6 470 395 8.00 2.86 12.3 325 280 — —- 11.1 950 920 — — — 225 150