AUSTRALIA Investors sell industrials

Press, 17 March 1987, Page 41

AUSTRALIA Investors sell industrials

NZPA-AAP Sydney Australian sharemarkets closed lower yesterday as investors sold off leading industrial stocks ahead of today’s release of the February balance of payments figures. Trading was moderate with some selected buying of gold stocks stemming losses in the resources sector. Leading media stock News Corp finished 20c up at 2320, John Fairfax gained 30c to 1480, ICI 18 to 390, and Arnotts 20 to 600 c following healthy interim profits. Resources leader BHP closed 10 down at 1080 on profit-taking after earlier dropping to 1075. About a million shares were exchanged while its associate, Bell Resources, drifted off 3 to 462. In the oil sector. Santos and Bridge Oil both lost 4 to 402 and 126 respectively, Hartogen fell 10 to 280 but Ampol Exploration gained 10 to 370. Aberfoyle was the highlight of the mining sector, jumping 120 c to 1300 ahead of a five-for-two bonus issue. Metana gained 60c to 1030, Emperor 20 to 840 and Renison 10 to 1360 c. Poseidon shed 40 to 790, Central Norseman 20 to 1400 and CRA 8 to 672. Western Mining was heavily traded, but was steady at 650.

Closing quotes Last Industrial Buy Sell sale AC! 370 380 380 AGC ,325 335 335 ANI 322 325 322 ANZ 520 524 524 AWA 710 720 720 Acmex 720 730 720 AdelStm 1350 1360 1360 Ad'tiser 654 680 660 Alpha 25 26 26 opt — 25 — Amatil — 1060 1040 Amcor 470 475 475 Ampol 310 320 315 Argo 345 —— — Ariadne 325 328 325 Arnotts 590 600 600 AFound 260 — 260 AustOvrs 56 58 56 opt 13 16 —

BHP 1075 1080 1080 BankQld 300 — — Barwon 62 65 62 BellG 1020 1025 1025 BondCorp 272 275 272 Boral 487 488 486 Brambles 850 — 860 Brierley 352 — 353 Bundaberg 235 240 235 BurnsP 1050 — 1050 CRPTr 55 — 55 CIG 380 385 380 CSR 380 385 385 Cadbury 225 228 225 ChaseCrp 415 420 420 Claradeen 125 130 125 ClytnRob — 580 580 Clyde 200 202 200 CoalAll 450 — 450 ColesM 626 628 626 Comalco 265 270 265 CoronRes 100 110 100 DeakMorg 195 205 200 EDunlop 410 420 420 Eastcourt 65 — — Elders 494 495 495 Email 318 — 320 Equitcorp 125 128 125 Euro-Nat — 385 385 FA I 1010 1020 1020 FairfaxJ 1470 1490 1480 FeltexNZ — 330 — Fletcher 495 — — Fortuna 225 230 — GPT 275 282 282 Goodman 452 455 455 HDFI 135 142 140 Hanimex 155 158 155 HardieJ 465 — 465 Hitek — 105 — Hooker 355 360 355 Humes 310 — 310 IlProp 2000 2040 — ICI 390 400 390 lELGrwth 95 110 — lELIncme 95 124 — IndEquit 538 540 540 Jasco 205 — — Jennings — 175 175 JonesDav — 1720 — JonesRbt 140 180 — Jonray 360 370 365 Kern 260 264 260 Lrchhill 280 285 285 opt 150 — — Leighton 90 95 92 LLease 1300 1310 1300 Linter — 840 840 MayneN 440 445 440 McPherson — 270 — Memtec 510 532 530 Monier 250 255 255 NZFor 320 325 320 NZICorp — 180 180 NatAust 526 528 526 NatCons 430 450 450 NewsCorp 2300 : 2310 : 2320

OPSM 375 — 380 Oakbridge 56 58 57 PacDunlp 470 475 470 Parbury 190 — — PetersSl 232 235 232 PioneerC 345 350 348 Pioneers 178 185 180 QBE 530 — — Renouf 220 225 225 Rheem 430 440 440 Rothmans 700 — 710 Rothwells 350 358 355 SmithHwd 480 485 480 Sunshine 270 290 270 TAGPac 67 72 70 TNT 468 470 470 UnionC 600 620 — UnityCrp 310 — 310 Vapocure 205 210 208 Vestcorp 125 128 125 Viking 60 62 62 Walton 47 50 47 Wattie 510 520 — WfieldHl 3800 3900 3800 Westmex 240 247 245 Westpac 462 464 462 Woolworth 355 360 355 Wormaid — 410 405 Aberfoyle 1300 1350 1300 Ashton 365 370 370 AUstDevl — 420 — BellRes 460 462 462 Bouganvle 310 — 310 CNGold 1400 1410 1400 CRA 672 676 672 CarrBoyd 155 158 155 ConsRes 6 7 7 ConsRtle 760 770 760 Dominion — 160 160 ERA 178 180 178 Emperor 840 870 840 GMKalg 2260 2300 2260

GiantRes 420 425 420 Hi!150 120 — 123 Kidston 690 692 690 Kitchener — 85 85 MIM 222 225 222 MetalsEx 107 110 , 108 NorthBH 249 250 250 Otter 90 95 90 PancontM 336 340 340 Paringa 345 350 350 Peko 600 614 610 PlacrDev 4520 4700 —- PlacrPac 230 232 232 Poseidon 780 790 790 QldCoal 138 139 138 RGC 1360 — 1360 SthnPac 24 25 24 Technomin 50 55 — WMC 652 654 650 WestSand 325 — 325 WhimCrk 730 — 770 AOG — 250 240 AmpolExp 360 380 370 Beach 65 68 65 Bridge 125 126 126 Claremont 82 85 85 Crusader 175 180 175 Cultus — 69 68 ctg — 60 — Expo dd 108 110 105 Hartogen 270 280 280 Magellan 175 — — Magnet 10 11 10 OilSerch 90 92 90 PancontP 18 19 18 PekoOil 105 108 105 Petroz 8 9 9 Santos 402 405 402 Vamgas 260 275 260 WeeksPet 900 — — Woodside 192 193 192