Positive signals lift Australia

Press, 12 September 1987, Page 33

Positive signals lift Australia

NZPA-AAP Sydney The Australian sharemarket closed sharply higher yesterday in active trade, recovering much of this week's losses on a series of positive signals, from abroad overnight Brokers said a 1U56.20 rise in gold bullion boosted demand for quality mining stocks. Industrials were inspired by firmer closes on Wall Street and in London, solid profit results and lower domestic interest rates. At the close, the all ordinaries index was 21.9 per cent higher at 2206.7 and the all industrials 15.1 up at 3246.6. A rise of 60.8 points took the gold marker to 3957.9 as the all resources climbed 27.1 to 1408.5.

Turnover was heavy as 184.69 million shares worth sAust334.B7M changed hands and rises outnumbered falls by five to three. Heavyweight gold stocks took the lead following the sharp overnight rise in bullion prices.

Twenty cent gains took Renison to 1460, Kidston to 720, Poseidon to 690 and Sons of Gwalia to 1380. BHP Gold climbed 8c to 178 on heavy

turnover of 8.62 M shares worth $14.69M, most in one special sale. Resource stocks enjoyed similar solid rises, with CRA taking centre stage as it climbed 50c to 1070. MIM rose 23c to 368, North Broken Hill 20c to 465 and Peko the same to 870. Western Mining was up by 8c to 990. Among the industrials, interest tended to centre on merchants, transport companies, developers and retailers.

Sir Peter Abeles’ TNT jumped 16c to 660, taking its gain for the week to 36c, as rival transporter Brambles gained 15c to 1135. Elsewhere, Elders IXL also advanced 16c to 566 in continued demand.

The retail sub-index rose 0.9 per cent or 24.5 points to 2664.4, as a 12c rise took Coles Myer to 902 and David Jones went up 20c to 1270. Elsewhere in the sector, Woolworths dropped 5c to 340.

Lend Lease gained 40c to 1720 after recent sharp falls.

News Corp rose 20c to 2300 and Boral 16c to 640 as Adsteam slumped 10c to 1060.

Closing quotes Buy Sell Sale Dividends Cents Yld% P/E ratio Year’s high low 440 444 440 ACI 17.00 3.86 17.7 465. 360 375 385 385 AFPInvst — — 85.0 920 205 355 358 355 AGC 11.00 3.10 13.4 360 265 250 252 250 ANI 9.15 3.66 14.6 365 185 554 558 558 ANZ 20.66 3.70 10.9 660 392 380 400 400 ARABS 10.00 2.50 17.2 400 280 230 260 240 opt — — — 250 150 410 412 410 AWA 10.00 2.44 20.5 750 310 600 620 620 Acmex 10.00 1.61 2.3 730 500 1065 1070 1060 AdelStm 36.00 3.38 10.1 1480 780 860 880 — Ad’tiser 12.00 1.40 35.4 880 475 34 35 34 Alpha 1.00 2.94 9.4 40 17 13 — opt —— —— 32 5 900 910 900 Amatil 32.00 3.56 15.8 1100 750 576 582 580 Amcor 21.00 3.62 16.5 630 400 390 400 390 Ampol 7.50 1.92 10.8 410 270 — 295 — Argo 10.00 3.57 29.7 360 250 — 285 285 Ariadne 9.00 3.16 17.9 383 240 516 520 Arnotts 15.50 2.98 23.3 600 400 180 185 185 AFound 6.75 3.65 33.6 305 125 52 — 55 AustOvrs 1.00 1.82 63.2 68 40 12 14 — opts — — — 25 4 1030 1040 1030 BMP 37.50 3.64 19.4 1210 870 65 67 67 BTGlobal 3.00 4.48 9.8 67 45 1210 1230 1210 BTRNylex 12.00 .99 44.0 2400 690 300 310 — BankQld 15.00 4.84 12.6 320 275 48 50 48 Barwon .50 1.04 57.1 80 35 1000 1005 1005 BellG 10.00 1.00 13.4 1125 740 3650 — — pref 39.00 1.07 — 3400 3100 538 540 540 BellRes 15.00 2.78 7.6 610 396 95 105 — Bls new — — — 105 90 110 — — opt — ■— — 320 75 266 267 267 BondCorp 10.00 3.75 10.8 305 230 107 108 108 BondMed — —— 63.5 115 95 25 29 29 opt — — — 42 10 638 640 640 Boral 18.00 2.81 19.2 690 430 1135 — 1135 Brambles 26.00 2.29 18.7 1220 754 435 450 435 Brierley 10.32 2.37 5.9 540 262 260 268 265 Bundaberg 6.50 2.45 24.5 275 225 560 564 560 BurnsP 10.00 1.79 21.7 584 420 51 58 51 CRPTr 4.60 9.02 11.1 55 44 450 455 CIG 17.00 3.74 17.8 504 290 430 432 .430 CSR 19.00 4.42 17.6 448 345 285 290 285 Cadbury 7.00 2.46 23.6 300 195 400 410 410 ChaseCrp 10.62 2.59 11.8 570 255 —— 170 170 Claradeen — 42.5 170 100 650 652 650 CiytnRob 5.00 .77 36.8 850 435 235 — 235 Clyde 11.25 4.79 16.8 248 160 490 . 490 CoalAll 28.00 5.71 6.5 540 370 900 904 902 CoIesM 24.00 2.66 18.6 960 590 475 500 480 Comalco 6.00 1.25 67.6 550 230 80 85 80 CoronetA — — 19.7 225 75 205 — DeakMorg 5.00 2.44 14.1 220 130 390 400 — EDunlop 12.00 3.00 24.8 430 390 55 65 65 Eastcourt 6.00 9.23 5.9 82 50 564 566 566 Elders 18.00 3.18 12.0 590 425 —— — — del — — — 560 560 385 —— 385 Email 12.00 3.12 15.7 385 242 115 116 116 Equitcorp 2.50 2.16 4.8 145 95 240 250 250 EuroNat — — 9.6 470 225 810 —. 810 FAI 6.00 .74 15.8 820 420 894 900 894 Fairfax] 4.16 .47 59.9 2000 430 340 360 — Feltex 12.04 3.54 7.6 340 250 325 335 330 FineMet — — — 415 60 646 650 650 Fletcher 20.21 3.11 15.5 660 400 255 270 — Fortuna 11.61 4.47 12.7 295 200 343 345 345 GPT 22.80 6.61 15.1 350 262 500 — 500 Goodman 10.00 2.00 37.7 520 342 125 129 — HDFI — — 6.2 160 100 155 160 — Hanimex 5.00 3.23 9.7 200 110 465 470 470 Hardie] 17.14 3.65 17.4 490 310 70 75 75 Hitek — — — 125 55 480 —> 475 Hooker 15.00 3.13 13.0 500 285 — 115 — HugallH 7.50 7.14 8.4 160 96 — 35 — opt — — — 45 35 — 300 — Humes 13.00 4.33 14.6 340 240 2210 2250 2250 UProp — — — 2400 1900 560 — 558 ICI 17.00 3.04 23.3 570 315 102 —— 102 lELGrwth 5.73 5.62 17.8 105 95 101 — — lELIncme 11.46 0.42 9.6 110 100 155 160 155 ImaglnT 2.30 1.48 19.9 195 100 636 640 636 IndEqult 10.00 1.57 20.1 650 420 — 300 290 InterPac 7.50 2.59 20.0 400 290 200 —— — Jasco 5.00 2.50 12.3 220 180 272 275 275 Jennings 10.00 3.64 15.5 305 170 1260 1270 1270 JonesDav 36.00 2.83 11.0 1800 1000 255 — 260 JonesRbt 3.15 1.21 20.5 270 120 215 220 215 Jonray 4.00 1.86 12.6 430 145 350 355 350 Kern 5.50 1.57 11.3 360 220 180 190 180 Kimberley 8.00 4.44 7.4 260 150 320 —- 320 Lrchhiil 16.00 5.00 3.9 365 215 195 195 opt — — — 195 115 86 90 88 Leda — — — 95 65 115 117 115 Leighton — — 18.5 120 75 1720 1750 1720 LLease 45.00 2.62 21.8 1840 960 690 700 700 Linter 20.00 2.86 19.1 940 610 640 646 640 MayneN 13.50 2.11 14.7 660 390 175 178 175 McPh’son 6.25 3.57 15.0 320 125 530 —— 530 Memtec 1.00 .19 12.9 650 430 135 140 — Miniskips 7.00 5.19 10.4 260 120 415 420 — Monier 11.00 2.65 18.7 420 220 400 440 — NZFor 12.90 2.93 19.2 450 265 240 240 NZICorp 9.03 3.76 11.9 260 140 578 580 580 NatAust 24.50 4.22 6.7 610 455 470 475 470 NatCons 18.00 3.83 9.1 480 300 2300 — 2300 NewsCorp 7.00 .30 18.0 2510 1630 310 312 310 OPSM 9.00 2.90 20.3 410 265 48 50 50 Oakbridge — — — 85 50 190 — 190 Oceanic 4.50 2.37 32.1 315 190 558 562 560 PacDunlp 13.50 2.41 24.6 600 387 230 240 230 Parbury — — 14.1 230 180 302 310 300 PetersSl 16.00 5.30 16.1 315 218

460 465 460 PioneerC 12.50 2.72 19.4 475 290 ' 650 700 — QBE 14.00 2.12 16.3 1420 500 436 450 — ReilCorp 3.00 .67 24.1 620 380 120 — — opt — — —— 140 98 — 190 187 Renouf —— — — 280 150 275 280 280 Rbeem 9.50 3.39 18.2 480 190 — — — Rocadeln — — — 150 22 10 — — opt 12.50 — — — —. —— 20 — lots — — —— — — 940 960 950 Rothmans 20.00 2.11 15.3 1420 620 330 335 335 Rothwells 24.00 7.16 6.3 385 330 500 — 500 SmithHwd 20.00 4.00 16.7 550 445 820 —— — SthnFarm 10.00 1.22 17.4 900 700 290 291 290 Sunshine 12.00 4.14 7.4 310 220 60 61 60 TAGPac 10.00 6.67 3.5 110 50 650 660 660 TNT 15.00 2.27 16.4 664 375 — 640 — Taylor 10.00 1.59 11.2 870 518 78 80 — USMaster — — 94 78 640 — 644 UnionC 22.00 3.42 13.4 670 510 108 no 108 UnityCrp 10.00 9.26 2.4 370 65 70 80 — Vapocure 3.75 4.69 40.0 280 75 — 120 120 Vestcorp 4.50 3.75 5.4 165 85 25 28 28 Viking — 16.5 105 24 28 30 — Walton — ■" !■ 52 30 550 560 — Wattle 9.67 1.73 34.9 560 380 385 400 — Wattyl 10.50 2.69 14.4 536 310 340 — — del — —— 360 335 340 — — bnd — — — — — — 300 — WestCptl — 14.3 450 285 —- 1100 1080 WfieldHl 5.62 .52 44.2 7400 800 205 215 215 WfieldTr 16.32 7.59 .13.2 230 187 185 190 188 Westmex 10.00 5.32 60.7 300 160 690 694 690 Westpac 28.00 4.06 9.5 698 450 159 159 WfldCap 3.00 1.89 12.8 205 115 330 340 340 Woolworth — — —- 400 310 330 335 330 Wormaid 20.00 6.06 7.2 440 300 840 850 840 ACMins — 910 526 830 860 840 Aberfoyle 5.00 .60 54.7 1600 450 362 365 362 Ashton — 77.0 500 260 550 — 560 AustDevl — —— «— 660 335 176 178 178 BHPGold —- — 190 114 490 494 494 Bouganvle 12.48 2.53 28.0 580 300 265 270 270 CNGold 3.30 1.22 26.0 3100 240 1070 1075 1070 CRA 15.00 1.40 43.1 1160 644 195 — 200 CarrBoyd 6.00 3.00 20.0 310 135 185 190 185 CityRes 8.00 4.32 — 305 115 130 — — opt — — —- 250 65 5 6 6 ConsRes — — — 10 4 800 810 800 ConsRtle 45.00 5.63 10.2 820 610 350 360 350 Dominion — — —— 380 85 265 270 265 ERA 10.00 3.77 21.0 300 170 400 405 400 EidersRs — 19.9 440 158 1100 1110 1100 Emperor 22.00 2.00 22.4 1100 570 500 510 510 Forsayth 10.00 1.96 — 740 185 964 970 964 GMKalg 16.00 1.66 33.8 1250 620

398 400 400 GiantRes .61 .15 — 410 235 174 175 175 opt —_ —— — 185 85 290 295 290 HU150 1.50 .52 52.7 320 79 380 400 380 JasonMin 400 83 61 65 — Tiana — 95 38 105 110 110 KiaOra 1.00 .91 25.6 150 80 710 730 720 Kidston 28.00 3.89 14.9 1000 576 145 150 145 Kitchener — —> — 150 70 200 — 200 KiwiGold — — — 320 170 367 368 368 MIM 4.00 1.09 70.0 395 195 160 165 165 MetalsEx — — 12.5 230 80 1450 1480 — Metana — 14.1 1850 750 — 85 85 Moruya —— — — 125 42 1460 1480 1480 Niugini — — 41.7 1650 335 465 — 465 North BH 9.00 1.94 35.2 465 230 198 200 198 Nth Kalg 3.00 1.52 30.0 225 91 1570 — 1570 Nth Flndr 40.00 2.55 — 3100 1100 80 85 80 Otter — — 135 60 395 400 400 Pancont 2.50 .63 29.9 470 260 155 —— 155 Paragon —— — —— 160 60 80 85 — Paragon R — — — 92 62 130 135 135 opt — —— — 135 35 626 630 630 Paringa 36.30 5.76 5.6 630 265 850 880 870 Peko 22.00 2.53 14.2 880 560 390 395 390 Placr Pac 3.00 .77 54.9 490 222 690 696 690 Poseidon 3.33 .48 — 1610 410 160 162 160 Qld Coal 15.00 9.38 10.7 175 127 1460 1480 1460 RGC 15.00 1.03 34.0 1490 890 1380 — 1380 Sns Gwlia 40.00 2.90 23.0 1700 830 73 75 75 Spargos — — — 140 55 35 • 35 ct — — 52 35 112 —— 112 Sthn Pac — — 125 , 20 45 48 48 Technomin — —— 70 35 988 990 990 WMC 10.00 1.01 76.7 1195 546 215 220 215 WalMin d — —— — 300 150 260 280 260 West Sand 8.00 3.08 13.7 340 200 620 630 620 WhimCk d 8.00 1.29 —— 750 590 250 255 250 AOG — 54.3 285 195 570 580 570 AmpolExp — — 46.0 630 330 — 65 65 Beach 1.50 2.31 24.1 95 55' 175 178 178 Bridge — — —— 195 80 106 107 107 Claremont 3.50 3.27 35.7 160 73 315 320 — Crusader 2.50 .79 54.3 350 155 — 40 — Cultus —— —- —— 75 35 105 105 Expo —— — — 145 70 300 305 305 Hartogen 3.00 .98 35.5 510 280 360 — 380 Magellan — 95.0 430 170 9 10 10 Magnet — — — 15 7 180 — 180 Oil Serch —— — — 215 83 170 175 170 Peko Oil — 56.7 190 103 7 8 8 Petroz — —. 12 6 720 730 720 Santos 16.00 2.22 19.5 780 380 350 360 360 Vamgas 6.00 1.67 34.3 400 250 1300 — — Weeks Pet —— 64.2 1500 920 205 210 205 Woodside — — 280 150