Aust. posts further rise

Press, 7 May 1987, Page 42

Aust. posts further rise

NZPA-AAP ' Sydney Continued demand for resource stocks pushed the Australian sharemarket higher yesterday for the fourth consecutive session. Overseas investors returned to the market after two days absence and joined the queue for heavyweight miners such as WMC and North Broken Hill and selected gold stocks. Oil and gas issues also continued to rise, led by a 50c gain in Hartogen. National turnover was a moderate 176.5 million shares worth sAust233.lM. Rises outnumbered falls by a narrow margin. Investors hopeful of positive results from Hartogen’s Sentry Bank Reef 1A well near the Philippines scrambled for stock, pushing the price up to 470. It reached a high of 495 in the morning session. Hartogen’s associates, Genoa and Consolidated Petroleum, gained 20c to 460 and 3c to 58 respectively. Ampol Exploration added 20c to 520 and Oil Search 5 to 145.

Moage, Ltd, gained 15c to 115 as 2.8 M shares changed hands. Rivkin James Capel specialed 2.2 M shares at 100 c each. In the resources area Western Mining, trading exbonus, rose 25c to 760 on heavy turnover, North Broken Hill advanced 30c to 1980 and CRS 5 to 1085 c. BHP started strongly, rising to 980 in the morning session,

but came off to finish 4 down at 956. Profit-taking increased in the gold sector following an overnight fall in the bullion price of SUS 4. However, overseas investors in particular targeted a few selected stocks, which made strong gains. Elders Resources jumped 65c to 420, Forsayth added 40c to 730 and Emperor 10c to 1010, while Sons of Gwalia slumped 100 to 1420, Kidston 40 to 880 and Metana 30 to 1620.

Closing quotes Last Industrial Buy Sell sale ACI 395 400 395 AFPInvst 215 220 220 AGC 315 335 330 ANI 328 332 330 ANZ 592 596 598 AWA 320 325 320 Acmex 660 680 660 AdelStm — 850 850 Ad’tiser 640 670 —— Alpha 20 22 20 opt — 12 —— Amatil 1030 1040 1030 Amcor 437 440 437 Ampol 325 345 330 Argo 330 340 — Ariadne 318 320 318 Arnotts 410 420 410 AFound 145 290 — AustOvrs 52 53 52 opt 10 12 12 BHP , 946 956 956 BankQld 290 — —-• Barwon 51 54 54 BellG 1005 1010 1010 BellRes 540 548 540 BondCorp 270 272 270 Boral . 465 470 465 Brambles 870 880 880 Brierley 310 — 305 Bundaberg 260 265 260 BurnsP — 1050 1040 C.R.P.Tr 48 — 50 CIG 405 — 405 CSR 380 382 382 Cadbury 230 — 230 ChaseCrp 320 325 325 Claradeen 120 125 — ClytnRob 470 480 480 Clyde 190 197 197 CoalAll 420 430 430 ColesM 710 720 710 Comalco 305 310 305 CoronRes 158 160 160 DeakMorg 190 193 190 EDunlop 410 415 410 Eastcourt 62 62 Elders 448 —-- 446 del — 560 <— Email 300 305 302 Equitcorp ■ 100 105 104 Euro-Nat 270 280 270 FAI 1040 — 1050 FairfaxJ 1500 1550 1550 FeltexNZ — 275 — Fletcher 460 — 460 Fortuna 215 230 —— GPT 290 305 305 Goodman 465 470 470 H.D.F.I. — 125 —

Haniraex — 125 — HardieJ 435 438 435 Hitek 70 — 75 Hooker 315 318 315 Humes 260 280 260 HProp 2200 2300 — ICI 380 385 380 lELGrwth 100 105 — lELIncme 101 — — IndEquit 470 475 470 Jasco — 210 —— Jennings 195 205 205 JonesDav 1050 1080 1080 JonesRbt 150 175 150 Jonray 260 270 260 Kern 225 250 — Lrchhill 300 305 305 opt 165 170 170 Leighton 80 85 80 LLease 1290 1310 1300 Linter 660 680 670 MayneN 400 410 410 McPherson 275 280 280 Memtec 530 570 — Monier 370 371 370 NZFor 290 300 290 NZICorp 150 — 152 NatAust 550 560 550 NatCons 365 380 365 NewsCorp 1960 1970 1960 OPSM 265 270 265 Oakbridge 58 60 60 PacDunlp 448 450 448 Parbury 195 200 — PetersSl 220 ■ — 220 PioneerC 340 344 340 Pioneers 240 245 240 QBE — 1260 —- Renouf 160 165 160 Rheem 385 390 380 Rothmans 680 690 680 Rothwells 350 355 355 SmithHwd 485 — 488 Sunshine —— 250 245 TAGPac 59 60 60 TNT 445 450 450 UnionC 644 — 650 UnityCrp —— 130 130 Vapocure no 120 120 Vestcorp — 150 145 Viking 46 — 46 Walton 40 41 40 Wattie 490 — — WfieldHl 7400 — Westmex 198 200 200 Westpac 470 475 475 Woolworth 340 343 343 Wormaid 330 335 — Aberfoyle 524 530 530 Ashton 425 430 430 AustDevl 600 600 600 Bouganvle 460 465 460 CNGold 310 320 320 CRA 1085 1090 1085 CarrBoyd 275 280 275 ConsRes 6 . 7 6 ConsRtle —— 710 — Dominion 270 275 270 ERA 230 — 230 Emperor. 1000 1010 1010 GMKalg dd 1070 1080 1080 Giant Res 370 380 370 Hill 50 172 175 172 Kidston 860 880 880 Kitchener — 140 140 MIM 370 380 370 MetalsEx 170 171 170 NorthBH 385 400 395 Otter 90 100 95 PancontM 364 365 365

Paringa 520 530 520 Peko 860 840 PlacrDev — 5050 5050 PlacrPac 415 418 415 Poseidon 530 536 530 QldCoal 136 137 137 RGC 1100 1120 1120 SthnPac 39 42 39 Technomin 50 53 50 WMC 758 760 760 WestSand — 315 315 WhimCrk 1320 1350 1350 AOG 250 255 250 AmpolExp 520 — 520 Beach 83 85 85 Bridge 160 — 160 Claremont 156 — 158 Crusader 310 315 310 Cultus — 50 48 ctg 30 40 — Expo dd 120 123 120 Hartogen 470 475 470 Magellan 340 350 350 Magnet 10 12 12 OilSerch 142 145 145 PancontP 21 22 — PekoOil 163 165 165 Petroz 8 9 8 Santos 640 650 650 Vamgas 350 360 360 WeeksPet 1000 — Woodside 237 240 240