AUSTRALIA Correction continues down

Press, 13 March 1987, Page 11

AUSTRALIA Correction continues down

NZPA-AAP Sydney The downward correction on Australian sharemarkets gathered momentum yesterday as early profit taking among key industrials turned to heavy selling and spilled over into other sectors.

Media, entrepreneurs, developers, financials and miners all came under pressure in a correction which began on Monday after a string of record performances last week.

Turnover was heavy as 175.29 million shares worth sAust2Bl.BBM changed hands with rises outstripping falls by three to two. Several large parcels of shares changed hfindc with RWP APAin attracting demand from investors wishing to gain entry into its gold company float. BHP rose 5c to a record close of 1080 after peaking at 1100 as 1.92 M shares were exchanged. Bond Corp was also heavily traded as 4M shares were exchanged in a special sale

Closing quotes Last Industrial Buy Sell sale ACI 385 — 390 AGC 325 335 330 ANI 310 320 315 ANZ 526 528 530 AWA — 710 700 Acmex 710 725 720 Adel Stm .1450 1460 1450 Ad'tiser 670 680 670 Alpha 25 27 27 opt —- 25 — Amatil — 1070 1070 Amcor 475 480 480 Ampol 325 — 325 Argo 340 — — Ariadne 336 337 336 Arnotts 560 570 560 A Found 275 — 275 Aust Ovrs 56 60 58 opt 10 z 16 16 BHP 1080 1085 1080 Bank Qld 295 — —

Barwon — 64 64 Bell G 1010 1015 1005 Bond Corp 275 277 277 Boral 492 493 493 Brambles 866 880 880 Brierley 350 355 355 Bundaberg 235 240 240 Bums P 1040 1050 1030 C.R.P. Tr 55 — — CIG 380 385 385 CSR 380 382 382 Cadbury 280 — 280 Chase Crp 410 420 410 Claradeen 125 130 —— Clytn Rob 570 580 570 Clyde 202 205 — Coal All 440 455 440 Coles M 632 634 634 Comalco 260 265 260 Coron Res 100 101 100 Deak Morg 170 175 172 E Dunlop 410 420 410 Eastcourt 65 — 66 Elders 485 488 488 del 495 — — Email 310 — 310 Equitcorp 130 132 131 Euro-Nat —— 390 390 FAI 1050 1060 1050 Fairfax J 1450 1460 1450 Feltex NZ — 340 — Fletcher 485 490 485 Fortuna 225 230 — GPT 280 — 280 Goodman 455 470 455 HDFI 140 145 145 Hanimex 155 160 155 Hardie J 462 — 465 Hitek — 105 105 Hooker 355 360 355 Humes 280 285 285 II Prop 2000 2040 2000 ICI 370 — 370 IEL Grwth 95 105 100 IEL Incme 95 124 — Ind Equit 540 544 544 Jasco 210 — 210 Jennings 175 180 175 Jones Dav 1600 1720 —— Jones Rbt 135 140 — Jonray 360 — 365 Kern 275 280 280 Lrchhill 290 300 290 opt 150 170 — Leighton 92 96 96 LLease 1270 — 1270 Linter 830 850 830

Mayne N 450 — 455 McPherson — 280 •—" Memtec — 560 550 Monier 245 248 245 NZFor — 325 — NZI Corp 180 185 180 Nat Aust 538 540 535 Nat Cons 435 450 450 News Corp 2300 2340 2300 OPSM 372 375 375 Oakbridge 53 — 53 PacDunlp 488 490 490 Parbury 180 200 — Peters SI 232 235 232 Pioneer C — 340 340 Pioneer S 182 185 185 QBE 1050 1100 1080 Renouf 210 220 215 Rheem — 440 430 Rothmans 670 700 700 Rothwells 360 365 365 Smith Hwd 480 490 490 Sunshine 270 290 — TAG Pac 72 75 75 TNT 468 470 470 Union C 600 616 600 Unity Crp 300 — 300 Vapocure 205 210 210 Vestcorp 125 130 125 Viking 65 70 65 Walton 43 — 44 Wattie 500 520 — Wfield Hl 3700 3800 3700 Westmex 235 245 240 Westpac 462 464 464 Woolworth 360 365 365 Wormaid 405 415 410 Aberfoyle 1100 1125 1100 Ashton 380 382 380 AustDevl 430 435 430 Bell Res 458 465 465 Bouganvle 298 300 300 CN Gold 1380 1400 1380 CRA 650 658 656 Carr Boyd 155 158 158 Cons Res 6 7 7 Cons Rtle — 780 — Dominion 170 175 170 ERA 180 185 180 Emperor 760 770 770 GM Kalg 2200 2250 2200 Giant Res 380 390 380 Hill 50 105 106 105 Kidston 720 730 720 Kitchener 75 — — MIM 222 224 222 Metals Ex 105 108 105 North BH 230 240 235 Otter 80 — 80 Pancont M 330 335 335 Paringa 345 350 345 Peko 600 608 600 Placr Dev 4500 — 4500 Placr Pac —— 225 225 Poseidon 820 826 824 Qld Coal 136 140 138 RGC 1340 — 1300 Sthn Pac 24 25 24 Technomin — 54 —

WMC 624 628 626 West Sand 320 325 320 Whim Crk 746 748 746 AOG 240 250 240 Ampol Exp 355 360 355 Beach 62 65 65 Bridge 126 128 128 Claremont 81 83 82 Crusader — 180 180 Cultus —— 80 —- ctg — 60 —- Expo dd 105 112 110 Hartogen 295 300 295 Magellan 175 180 180 Magnet 9 10 9 Oil Serch 87 88 88 Pancont P 17 —- 17 Peko Oil 108 110 108 Petroz 9 10 9 Santos 400 402 402 Vamgas —— 275 255 Weeks Pet 900 — 930 Woodside 190 198 200