Australia in sharp fall

Press, 20 May 1987, Page 39

Australia in sharp fall

NZPA-AAP Sydney The Australian sharemarket closed sharply lower in moderately active trade yesterday following widespread profit-taking ip gold and heavyweight miners, resource stocks and selected industrials. However, the market finished off its lows for the day as most stocks recovered slightly towards the close. A broker said investors had made “massive” profits from resource and mining stocks recently and were unwilling

to keep buying at current levels. Recent falls on the Wall Street and Tokyo markets and Monday’s record loss in New Zealand put the jitters into the industrial sector. National turnover was a moderate 172.1 million worth sAust337.4M buoyed by the late sale of about 19 million Noranda Pacific shares by Pioneer Concrete. Falls outnumbered gains by almost two to one. BHP set the tone for the market, falling 40c

Closing quotes Buy Sell Sale 400 405 400 ACI 258 260 260 AFPInvst 325 330 AGC 355 358 358 ANI 620 624 620 ANZ 325 330 330 AWA 646 650 650 Acmex 910 920 910 AdelStm 640 650 — Adtiser 20 22 20 Alpha 9 11 9 opt 8 1040 1060 1050 Amatil 440 445 440 Amcor 340 — 345 Ampol 280 330 — Argo 315 320 325 Ariadne 450 455 455 Arnotts 145 150 150 AFound 45 50 — AustOvrs 10 10 opt 970 974 974 BHP 300 — BankQld 60 — 60 Barwon 800 816 816 BellG — — — pref 566 574 570 BellRes 240 245 235 BondCorp 498 502 500 Boral 930 950 936 Brambles 277 280 280 Brierley 260 265 260 Bundaberg 1030 1040 1035 BurnsP 53 55 — CRPTr 400 410 — CIG 384 385 385 CSR 210 220 220 Cadbury 270 280 280 ChaseCrp —- 115 — Claradeen — 510 510 ClytnRob 180 185 185 Clyde 385 390 390 CoalAll 694 700 694 CoIesM 345 350 345 Comalco — 161 160 CoronRes 195 — 190 DeakMorg 395 410 410 EDunlop —. 65 — Eastcourt 450 452 450 Elders 560 — del 260 270 260 Email 100 101 101 Equitcorp 280 285 280 EuroNat 1040 1050 1040 FAI 1500 1520 1500 FairfaxJ —— 275 — FeltexNZ 440 450 450 Fletcher 230 — 230 Fortuna 305 305 GPT 445 450 450 Goodman 120 125 120 H.D.F.I. 120 130 120 Hanimex 355 360 355 Hardie J 72 — Hitek 330 330 Hooker 245 248 245 Humes 2350 2400 — I I Prop

Dividends P/E Year’s Cents Yld% ratio high low 17.00 4.25 15.7 410 360 — 60.0 920 205 11.00 3.33 10.3 360 320 16.50 4.61 11.6 365 290 31.00 5.00 8.1 660 516 10.00 3.03 16.5 750 310 10.00 1.54 7.3 730 500 36.00 3.96 8.6 1480 800 12.00 1.85 27.8 710 475 1.00 5.00 5.6 40 20 — — — 32 5 29.00 2.76 13.2 1100 880 20.00 4.55 13.0 510 400 7.50 2.17 11.9 345 270 10.00 —— — 360 325 9.00 2.81 20.1 383 305 15.50 3.41 20.4 600 400 5.12 3.41 27.0 305 147 1.00 2.00 57.5 68 48 — —— — 25 5 31.25 3.21 14.8 1210 870 15.00 4.69 13.0 320 275 .50 .83 71.4 80 52 10.00 1.23 15.4 1125 780 39.00 1.23 — 3200 3200 15.00 2.63 6.7 610 438 10.00 4.26 6.2 305 230 18.00 3.60 14.8 506 430 24.00 2.56 17.0 960 754 8.00 2.86 7.5 540 262 6.00 2.31 31.7 270 225 20.00 1.93 16.7 1180 896 4.60 8.68 11.5 55 48 17.00 4.15 16.1 504 290 18.00 4.68 16.4 440 345 7.50 3.41 18.2 300 195 10.20 3.64 6.1 570 280 — 28.8 140 115 5.00 .98 28.9 850 465 11.25 6.08 11.6 205 160 28.00 7.18 5.2 540 385 21.00 3.03 17.4 730 590 5.00 1.45 48.6 365 230 — — —- 225 90 5.00 2.56 20.5 220 130 18.00 4.39 18.8 430 400 6.00 9.23 5.9 82 60 18.00 4.00 9.5 566 445 — — —■ 560 560 10.00 3.85 12.1 335 260 2.50 2.48 4.2 145 95 —— — — 470 260 5.00 .48 15.7 1095 840 12.50 .83 33.5 2000 1050 11.20 4.15 7.0 340 270 23.00 5.11 11.2 510 400 8.00 3.48 15.8 240 210 22.40 7.34 13.6 315 262 10.00 2.22 25.4 490 410 — 6.0 160 110 4.00 3.33 16.0 200 110 22.00 6.20 16.2 480 340 —— 67.3 125 70 14.00 4.24 11.7 370 285 13.00 5.31 12.0 315 245 — — 2300 1900

420 — 420 ICI — 100 — IEL Grwth 101 — 101 IEL Incme 435 — 435 Ind Equit —■ 200 — Jasco — 200 200 Jennings 1080 1085 1090 Jones Dav — 150 150 Jones Rbt 220 235 235 Jonray 240 245 240 Kern 290 300 — Lrchh 160 — 160 opt 82 85 82 Leighton 1290 1300 1300 L Lease 800 810 810 Llnter 425 430 430 Mayne N 310 ■ — 315 McPhers 600 620 610 Memtec 385 390 389 Monier 280 290 280 NZ For 150 152 152 NZI Corp 460 465 465 Nat Aust —— 400 — Nat Cons 2020 2030 2030 News Corp 298 295 OPSM — 58 58 Oakbridge 460 465 460 Pac Dunlp — 225 — Parbury 225 230 225 Peters Si 340 345 340 Pioneer C 250 253 250 Pioneer S 1220 1250 1220 QBE 150 160 160 Renouf 410 —- — Rheem 670 — 670 Rothmans 350 352 350 Rothwells 475 478 475 Smith H 230 —J. 226 Sunshine 50 ' — 50 TAG Pac 508 510 510 TNT 590 — 596 Taylor 644 —— — Union C 75 —• 75 Unity Crp 120 125 125 Vapocure — 160 — Vestcorp 44 46 45 Viking 38 40 38 Walton 460 475 475 Wattle 395 — West Cptl 7200 — Wfleld Hl 205 208 208 Wfield Tr 180 185 180 Westmex 486 — 486 Westpac 350 353 350 Woolworth 336 338 340 Wormaid 736 740 744 ACMins 620 630 620 Aberfoyle 425 430 430 Ashton 620 628 620 AustDevl 530 540 530 Bouganvle 305 310 305 CNGold 1080 1090 1080 CRA 235 240 240 CarrBoyd 7' 8 7 ConsRes — 680 — ConsRtle 240 245 240 Dominion 250 260 250 ERA 400 395 EidersRs 890 900 890 Emperor 950 1000 1000 GMKalgdd 360 375 370 GiantRes 160 165 160 Hill 58 130 137 137 KiaOra 800 850 850 Kidston — 130 120 Kitchener 268 270 268 MIM 205 210 210 MetalsEx 1505 . — 1505 Metana 1350 1360 1360 Niugini 380 385 380 NorthBH 210 215 210 NthKalg . 90 95 90 Otter 439 450 440 PancontM 590 600 600 Paringa 750 756 750 Peko — —— — PlacrDev 470 475 475 PlacrPac 556 560 560 Poseidon 145 146 145 QldCoal 1170 —— 1170 RGC 1360 1400 1380 SnsGwlia 50 51 50 SthnPac 55 — 60 Technomin 786 788 788 WMC —»> 315 315 WestSand 1320 1350 1300 WhimCrk 270 285 270 AOG 540 560 560 AmpolExp 88 92 92 Beach 162 163 163 Bridge — 142 142 Claremont —— 310 310 Crusader — 50 50 Cultus «— 40 — ctg 130 135 130 Expo dd 500 510 500 Hartogen 410 420 410 Magellan 14 15 14 Magnet 130 135 140 OilSerch 21 22 — PancontP 168 172 170 PekoOil 9 10 9 Petroz 690 700 700 Santos 365 380 365 Vamgas 1000 — — WeeksPet 235 240 235 Woodside

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