Australia closes barely steady

Press, 28 July 1987, Page 29

Australia closes barely steady

NZPA-AAP Sydney The Australian sharemarket closed barely steady yesterday as support for selected industrials largely offset profit taking among gold and resource stocks. Brokers said a slight dip in bullion prices to 5U5454.30/ 80 an ounce from $U5455.00/ 50 in Hong Kong on Saturday prompted selling among mining scrip, dragging the market down in early trade. However, a late flurry of buying in the industrial sector saw it finish just off Friday’s record close.

Turnover was a heavy 120.27 million shares worth sAust2sl.93M and rises just outnumbered falls.

Investors continued to focus on the Elders IXL stable following speculation the company will announce a major restructuring. The stock Improved 10c to 524 on steady demand as associated company AFP Investments, Ltd, which put forward the restructuring proposals, rose 8c to 360 and shareholder SA Brewing 5c to 395. Bell Group, which along with Elders holds a large stake in BHP, was steady at 890. However, uncertainty as to how the restructuring may affect BHP saw the stock fall 10 to 1045.

Other industrials to lose Included Fairfax, down 18 to 506 on profit taking following Friday’s gains, and Goodman Fielder, 15 lower at 470. TNT was up 26c at 560 on strong turnover as News Corp rose 20c to 2050.

A slight fall in bullion prices saw selected gold stocks sold down. 20c losses took Renison to 1230, Sons of

Gwalia to 1330 and Kidston to 810. Industrial Closing quotes Last sale Buy Sell ACI — 428 430 AFP Invst 358 360 360 AGC 275 283 — ANI 212 214 215 ANZ 430 432 432 ARABS 2S0 300 300 opt 200 — — AWA 405 410 410 Acmex 600 610 600 Adel Stm 876 890 890 Adtiser 660 670 660 Alpha 28 —— 28 opt 7 —— — Amatil 890 900 900 Amcor 475 490 475 Ampol 330 340 330 Argo 280 295 — Ariadne 288 290 288 Arnotts 500 — 500 A Found — 150 150 Aust Ovrs 54 55 — opt 13 — BHP 1045 1050 1045 BT Global 56 59 58 BTR Nylex Bank Qld 1060 1080 1070 • — 310 — Barwon 42 45 45 Bell G 880 890 890 pref 3400 —- 3400 Bell Res 520 522 520 Blsley opt 120 — — Bond Corp 258 260 258 Bond Med 99 100 100 opt 26 27 27 Boral 556 558 556 Brambles 1045 1050 1050 Brierley —- 368 365 Bundaberg — 260 260 Burns P dd 495 500 495 C.R.P. Tr 45 48 •— CIG 455 460 455 CSR 385 388 385 Cadbury 240 260 260 Chase Crp 350 360 350 Claradeen 110 115 — Clytn Rob — 642 640 Clyde 220 — 220 Coal All 452 — 460 Coles M 740 742 740 Comalco 420 425 420 Coronet A 108 110 no Deak Morg — 185 185 E Dunlop 420 425 420

Eastcourt 66 70 66 Elders 522 524 524 Email 280 290 290 Equltcorp 116 118 118 Euro-Nat — 280 — FAI 670 676 676 Fairfax J 506 510 506 Feltex 290 —— — Fine Met 248 250 250 bad w 245 —— Fletcher 520 526 520 Fortuna 290 300 290 GPT 325 328 328 Goodman 465 470 470 H.DJ.I. 110 120 110 Hanlmex 135 140 —— Hardie J 395 400 395 Hitek 70 80 — Hooker 405 410 405 Hugall H 120 — — Humes 270 280 270 I I Prop — 2250 — ICI 480 500 485 IEL Grwth 95 102 —— IEL Incme 95 102 — Imagin T 150 — 150 d — 145 Ind Equit 540 542 540 Inter-Pac 315 320 — Jasco 185 — — Jennings 242 245 245 Jones Dav 1100 1120 1120 Jones Rbt — 210 — Jonray —— 200 , 190 Kern 356 360 356 Kimberley 150 — 154 opt — 200 — Lrcbhill 270 290 — opt 150 170 — Leda 75 78 75 Leighton 1 '■ 87 87 L Lease 1600 1610 1600 Linter 870 —— 870 Mayne N 536 —— 540 McPherson 160 — 160 Memtec 550 600 590 Miniskips — 135 131 Monier 415 420 415 NZ For 350 355 — NZI Corp 195 200 195 Nat Aust 502 504 504 Nat Cons 360 380 380 News Corp 2050 2060 2050 OPSM — 303 302 Oakbridge 57 60 , — Oceanic 200 204 203 bnd — 200 — Pac Dunlp 538 540 540

Parbury —- 220 — Peters SI 280 280 Pioneer C 398 400 398 Pioneer S —— 250 —• QBE 550 570 550 Reil Corp 450 470 450 d 80 100 —- Renouf 183 187 185 Rheem 230 235 235 Rocado In 20 25 — opt 10 — — Rothmans 816 840 820 Rothwells 338 340 340 Smith Hwd 530 536 530 Sthn Farm 750 — — Sunshine 257 265 260 TAG Pac 58 55 TNT 558 560 560 Taylor 610 630 620 US Master — 92 —— Union C 644 650 644 Unity Crp 112 115 115 Vapocure 80 95 —— Vestcorp —— 140 —— Viking 30 33 30 Walton 35 37 37 Wattle 480 485 480 Wattyl 340 345 345 del —— 340 —— bnd ■—- 350 —- West Cptl — 325 320 Wfleld Hl 1150 1200 1200 Wfleld Tr 220 225 224 Westmex 205 210 210 Westpac 544 548 540 Wfld Cap 130 135 132 Woolworth 325 330 325 Wormald 350 352 350 AC Mins 770 776 770 Aberfoyle 660 670 —— Ashton 348 350 350 Aust Devi 580 590 580 BHP Gold 151 152 152 Bouganvle 480 485 485 CN Gold 295 300 300 CRA 1025 1030 1025 Carr Boyd ■ — — 213 City Res 162 165 162 bnd — 165 — opt 125 — 125 Cons Res 5 6 6 Cons Rtle 670 —- Dominion 315 320 320 ERA 280 282 280 Elders Rs 375 380 375 Emperor 860. 870 870 Forsayth 500 506 500 GM Kalg 980 996 990

Giant Res — 330 335 dd —*B 40 BM opt — 125 125 HUI 50 248 250 248 Jason Min 305 310 305 Plana 63 65 63 Kia Ora 110 •115 115 Kidston 800 820 810 Kitchener BB». 100 —B. Kiwi Gold 230 250 230 MIM 289 290 290 Metals Ex 180 185 185 Metana 1360 BM 1370 Moruya 80 83 — Niuglhl 1480 1500 1490 North BH 387 390 390 Nth Kalg 176 177 176 Nth Find! — 1450 MB Otter 62 65 — Pancont M 385 390 385 Paragon 118 122 118 Paragon R 80 85 BM opt 95 100 95 Paringa BM 580 BM Peko 840 850 850 Placr Dev 2240 2450 BM Piacr Pac 425 430 425 Poseidon 586 590 586 Qld Coal 158 160 160 RGC 1230 1240 1230 Sns Gwlia — 1330 1330 Sparges MB 78 78 bnd BM 8 -M ctb 47 48 48 Sthn Pac 72 75 75 Technomin 45 46 WMC 850 852 850 Wai Min dd . 245 250 250 West Sand 230 235 BM Whim Crk d MB 670 MB AOG —— 260 250 Ampol Exp —- 630 MB Beach 70 74 70 Bridge 170 172 172 Claremont 110 115 115 Crusader 295 305 300 Cultus dd 55 —— —— Expo no 115 110 Hartogen —M 350 350 Magellan 400 405 405 Magnet 10 12 BM Oil Serch 175 180 175 Peko Oil BM 165 165 Petroz 7 8 8 Santos 738 740 740 Varngas 370 390 — Weeks Pet 1220 —- 1250 Woodside — 205 205