AUSTRALIA Industrials favour mini-Budget

Press, 15 May 1987, Page 10

AUSTRALIA Industrials favour mini-Budget

The Australian sharemarket finished barely steady in mixed trading yesterday, although industrial stocks responded favourably to Wednesday’s mini-Budget, brokers said.

They said an easing in metal prices early yesterday morning, N.Z. time, led to a weakening in the resources sector, especially as early overseas buying dried up. At the close of trading the all-ordinaries index was 0.6 points down at 1848.5. National turnover was a high 190 million shares, $4l IM. Turnover was boosted by a large sale in Pancontinental Mining, with about 18.8 M shares traded. Analysts suggested the turnover represented the sale of Botena’s holding in the group and did not imply a takeover. The shares added 20c to 405.

Closing quotes Last Industrial Buy Sell sale ACI 400 405 400 AFPInvst 270 280 270 AGC 330 340 330 ANI 358 360 360 ANZ 640 642 642 AWA 325 330 325 Acmex 670 680 650 AdelStm 920 930 930 Ad’tiser 640 670 Alpha 15 22 21 opt 5 8 5 Amatil 1020 — —

Amcor 445 450 445 Ampol 335 352 335 Argo 340 — 340 Ariadne 328 330 330 Arnotts 450 460 450 AFound — 147 147 AustOvrs — 50 50 opt 10 11 — BHP 1015 1020 1015 BankQld 300 320 —- Barwon 56 57 56 BellG 830 836 836 BellRes 588 590 590 BondCorp 245 250 248 Bora! 492 495 495 Brambles 910 920 920 Brierley 287 290 287 Bundaberg 260 265 260 BurnsP 1050 1060 1060 C.R.P.Tr 53 55 ——■ CIG 390 —— 395 CSR ’385 390 385 Cadbury 215 220 215 ChaseCrp 320 330 320 Claradeen —— 115 ——■ ClytnRob 500 516 516 Clyde 180 190 185 CoalAll 390 400 385 ColesM 712 720 712 Comalco — 365 365 CoronRes 158 160 160 DeakMorg 190 195 190 EDunlop 400 — —- Eastcourt 65 67 67 Elders 467 468 468 Elders del — 560 —— Email 320 — 320 Equitcorp 95 98 98 Euro-Nat 300 330 310 FAI 1040 1050 1050 FairfaxJ 1520 1540 1520 FeltexNZ — 275 — Fletcher 450 470 460 Fortuna 230 — 230

GPT 300 300 Goodman 450 460 460 H.D.F.I. 115 120 120 Hanimex 120 130 — HardieJ 348 352 —— Hitek — 75 — Hooker 314 315 315 Humes 245 250 245 UProp 2350 — —— ICI 410 — 410 lELGrowth 100 105 —— lELIncome 101 — — IndEquit 455 460 460 Jasco — 210 — Jennings 200 210 200 JdnesDav 1080 1090 1090 JonesRbt 160 175 175 Jonray 240 245 — Kern 240 250 —— Lrchhill 300 305 305 Lrchhill 160 170 160 Leighton 80 82 80 Llease 1290 1300 1300 Linter 790 800 790 MayneN 415 420 415 McPherson 285 — 285 Memtec 576 —. 576 Monier 375 380 380 NZFor 290 295 —— NZICorp 150 160 152 NatAust 485 486 400 NatCons 395 400 400 NewsCorp 2030 2040 2040 OPSM —— 300 300 Oakbridge 64 65 65 PacDunlp 450 — 450 Parbury 200 210 — PetersSl 220 230 228 PioneerC 337 340 340 Pioneers 248 250 248 QBE —— 1250 — Renouf 150 160 160 Rheem 390 395 395 Rothmans 630 650 —

Rothwells 350 360 350 SmithHwd 475 478 478 Sunshine 220 225 225 TAGPac 50 55 55 TNT 510 — 512 Taylor —— 610 610 UnionC . 644 — — UnityCrp 85 90 85 Vapocure 115 120 120 Vestcorp 160 —- 165 Viking 45 50 45 Walton 40 41 40 Wattle 480 500 480 WestCptl — 400 400 WfieldHl 7000 7030 7000 WfieldTr 200 210 200 Westmex 190 192 190 Westpac 510 516 510 Woolworth 345 350 345 Wormaid 330 340 340 ACMins 740 750 740 Aberfoyle 630 640 640 Ashton 415 430 415 AustDevl 600 620 590 Bouganvle 526 528 526 CNGold 295 300 300 CRA 1100 1120 1110 CarrBoyd 235 240 240 ConsRes 7 8 8 ConsRtle —— 700 — Dominion 240 245 240 ERA ' 250 250 EldersRs 390 395 390 Emperor 910 950 910 GMKalg dd 970 1000 1000 GiantRes 360 375 375 HillSO 155 160 160 KiaOra 142 — 142 Kidston 860 880 870 Kitchener — 130 MIM 264 265 260 MetalsEx 195 200 195 Metana 1475 1500 : 1480 Niugini 1270 1300 ; 1280

NorthBH 385 390 385 NthKalg 205 207 205 Otter 92 95 —— PancontM 400 405 405 Paringa 590 600 590 Peko —— 820 820 PlacrDev 5000 5100 —— PlacrPac 430 435 430 Poseidon 534 540 540 QldCoal 142 145 142 RGC — 1150 1150 SnsGwlia 1360 1380 1380 SthnPac 40 42 42 Technomin 60 64 60 WMC 784 788 786 WestSand — 315 310 WhimCrk 1250 1280 1260 AOG 280 285280 AmpolExp 580 600 600 Beach 84 85 85 Bridge 165 166 165 Claremont 145 148 145 Crusader 315 320 315 Cultus 50 52 — ctg 40 —— 40 Expo dd 130 135 135 Hartogen 485 490 490 Magellan 400 —— 400 Magnet 14 15 14 OilSerch 140 145 140 PancontP 21 22 —— PekoOil 170 172 172 Petroz 8 9 9 Santos 696 700 696 Vamgas 370 370 WeeksPet 1020 —— —- Woodside 235 238 235