Gold price helps Aust.

Press, 26 June 1987, Page 10

Gold price helps Aust.

NZPA Sydney The Australian sharemarket closed firm in mixed trading yesterday. A resumption of buying in selected industrial stocks and firmer mining issues led the market up, brokers said. A further increase in gold prices overnight (early yesterday morning, N.Z. time) was enough to give the market a good start. Brokers said there was a feeling that the selling of the last few sessions had been overdone.

At the close the all-ordin-aries index was 3.3 points higher at 1742.9. National turnover was a high 154 million shares, worth sAust32oM, with falls outnumbering rises six to five. Brokers said the expiry of June series options in stocks such as Western Mining (WMC), CSR, and Elders IXL, led to high turnover in these stocks.

A total of 9.6 M WMC shares worth S43M were exchanged and on-market the stock added 6c to 576.

Elders IXL rose 6c to 460 on turnover of 8.07 M, CSR lost 3c to 405 on turnover of 5.4 M and CRA dropped 26c to 850 after reaching 8.90 on turnover of 3.9 M.

Turnover in Bonds Coats Patons, the take-over target, continued to be strong after the news that a Linter-Entrad joint venture had assembled 10.9 per cent of the company’s capital. A further 700,000 shares traded at an unchanged 620. Dominguez Barry Samuel Montagu, a broker, sold 5.2 M Sunshine Australia shares at 280 in special Sale, understood to have been bought by Wormaid.

Boral firmed 15c to 495, TNT 7c to 435 and FAI 8c to 510. News Corporation lost 20c to 1830 and Brambles 10c to 890. On the mining boards Kidston gained 30c to 630 and Poseidon 15c to 475, but Ampol Exploration dropped 24c to 500. Closing

quotes Last Industrial Buy Sell sale ACI 400 410 400 AFPInvst 238 240 240 AGC 275 280 275 ANI 190 191 191 ANZ 410 412 412 AWA 370 — Acmex 630 640 630 AdelStm 770 790 790 Ad’tiser 620 630 — Alpha 20 28 20 opt —— 8 Amatil 810 820 820 Amcor 455 458 455 Ampol 310 315 310 Argo — — 250 Ariadne 280 285 285 Arnotts —— 465 460 AFound 128 130 130 AustOvrs 41 44 opts 3 5 — BHP 974 980 974 BTGlobal 58 60 58 BankQld 310 — Barwon 52 55 52 BellG 770 780 780 Pf 3000 — —-. BellRes. 406 408 406 BondCorp 244 245 245 Boral / 495 498 495 Brambles 850 890 890 Brierley , — 305 305 Bundaberg 260 265 260 BurnsP dd 425 435 430 CRPTr 48 — CIG 350 355 350 CSR 405 — 405 Cadbury 220 240 220 ChaseCrp 275 285 280 Claradeen —— no ClytnRob 458 460 460 Clyde 200 205 200 CoalAU 460 500 500 ColesM 690 694 700 Comalco 343 345 345 CoronetA 110 115 115 DeakMorg 190 —— 190 EDunlop 410 430 425 Eastcourt —— 58 57 Elders 460 —- 460 Email 250 275 275 Equitcorp 115 116 115 Euro-Nat —. 240 — FAI 510 516 510 Fairfax! — 490 — Feltex 270 280 — Fletcher —- 450 445 Fortuna 210 — —- GPT 318 320 320 Goodman 378 382 380 HDFI 115 —— 115 Hanimex 125 125

HardieJ 355 360 358 Hitek 60 65 ■ —— Hooker 350 355 350 Humes 240 IlProp 2200 2300 —— ICI — 410 405 lELGrwth 100 —_ lELIncme 101 —. IndEquit 455 460 455 Inter-Pac 298 320 300 Jasco — 180 Jennings 230 235 235 JonesDav 1050 1100 1050 JonesRbt 165 170 165 Jonray 160 170 160 Kern 270 290 —.i Lrchhill 260 275 opt 160 —— 160 Leda 72 80 72 Leighton 78 80 80 LLease 1410 — 1410 Linter 800 810 802 MayneN 458 465 460 McPherson 125 130 125 Memtec 530 550 550 Monier 415 ■ —— 415 NZFor 280 — 285 NZICorp 165 175 168 NatAust 462 465 465 NatCons 340 345 340 NewsCorp 1830 —. 1830 OPSM 295 300 Oakbridge 55 60 58 PacDunlp 460 470 465 Parbury 198 203 200 PetersSi 290 —— 288 PioneerC 330 340 330 PioneerS 252 254 252 QBE 500 600 500 Renouf 182 —— 183 Rheem 200 215 195 Rothmans 670 680 —— Rothwells 330 340 330 SmithHwd 470 473 470 SthnFarm — 710 714 Sunshine 245 250 245 TAGPac 62 65 90 TNT 435 440 435 Taylor —— 530 530 UnionC 644 650 UnityCrp 70 80 75 Vapocure — 87 85 Vestcorp 140 150 140 Viking 34 38 34 Walton 35 36 35 Wattle 380 — 380 Wattyl 300 335 — del —— 300 — bnd •_ 300 — WestCpt! 250 300 300 WfieldHl 930 960 WfieldTr 210 215 215 Westmex 160 175 160 Westpac 477 478 478 WfldCap 115 120 120 Woolworth 330 335 330 Wormaid 290 310 310 ACMins 560 580 576 Aberfoyle — 560 550 Ashton 330 335 330 AustDevl 440 —. Bouganvle 390 — 390 CNGold 260 265 265 CRA 850 854 850 CarrBoyd — 150 150

ConsRes 4 5 5 ConsRtle 660 —- —— Dominion 190 200 200 ERA 265 270 270 EldersRs 265 270 265 Emperor 580 600 590 GMKalg dd 950 956 950 H11150 150 155 150 KiaOra 100 105 95 Kidston 620 630 630 Kitchener 95 98 95 MIM 218 220 220 MetalsEx 170 175 170 Metana 1190 1200 1190 Niugini 1110 1120 1120 NorthBH 263 265 265 NthKalg 143 145 143 NthFIndr — 1150 — Otter 60 70 69 PancontM 345 350 350 Paringa — 450 — Peko 720 730 730 PlacrDev 1950 2050 2000 PlacrPac 320 330 325 Poseidon 465 470 470 QldCoal 155 156 155 RGC 910 930 910 SnsGwlia 1050 1080 1050 SthnPac 58 60 59 Technomin 38 40 WMC 576 578 576 WestSand — 220 210 WhlmCrk — 970 956 AOG 240 245 245 AmpolExp —- 510 500 Beach 69 75 70 Bridge 150 152 150 Claremont 105 110 105 Crusader 310 300 Cultus dd —- 42 42 ctg 40 —_ Expo dd 110 120 no Hartogen 325 330 325 Magellan —— 390 — Magnet 9 10 9 OHSerch 140 150 143 PancontP 21 22 — PekoOil .140 145 140 Petroz 8 9 8 Santos 650 658 660 Vamgas 370 —- 370 WeeksPet 1050 Woodside 215 218 218