Aust, at record levels

Press, 16 September 1987, Page 41

Aust, at record levels

NZPA-AAP Sydney The Australian sharemarket soared sharply higher to close at record levels yesterday as investors chased scrip across the boards. Brokers said the gains were largely fuelled by speculation on a number of fronts and Prime Minister Bob Hawke' expressing concern at the level of the Australian dollar. At the close, the all-ordin-aries index was 24.6 points higher at a record 2230.7. Its previous all time high of 2210.5 was set on Monday, September 2. The all-industri-als rose 35.8 to 3286.4, the allgold 22.5 to 3955.9 and the all-resources 15.9 to 1420.3. Turnover was a heavy 179.04 million shares worth J415.19M. Rises outnumbered falls by four to three.

Gains were seen across the boards as the market soared on speculation of a squeeze on September share price index futures, Mr Hawke’s comments on the Australian dollar, steadier bullion prices, and solid performances on London and New York exchanges overnight. * Many industrial stocks — particularly banks, retailers, merchants and paper and packagers — posted substantial gains.

National Australia Bank jumped 18c to 596 while Westpac added 14c to 700 and ANZ 8c to 566. A 24c rise in Elders IXL to 584 saw the merchants subindex jump 130.8 points, or 2.8 per cent. Retailers Coles and David Jones added 12c to 914 and ten to 1330 respectively. Elsewhere, Fairfax stole the limelight, closing steady at 900 on turnover of 3.66 M shares worth 533.02 M. Sunshine Australia, a takeover target of Wormaid, topped turnover as 9.53 M shares worth 527.65 M changed hands. Much of that represented Wormaid buying Direct Acceptance Corp’s 12.5 per cent in Sunshine. Mixed demand among gold stocks saw Consolidated Exploration climb 20c to 520, Renison 10c to 1520 and Kidston 10c to 740. Sons of Gwalia, however, lost 15 to 1385 and Noranda Pacific 10c to 465.

Heavyweight resources recovered from early sharp losses to post significant gains, with North Broken Hill up 20c to 465, Peko 30c to 900 and Western Mining 12c to 1000.

Elsewhere, BHP added 20c to 1060.

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents YId% ratio high low 455 460 455 ACI 17.00 3.74 18.3 465 360 398 400 400 AFPInvst — — — 920 205 355 360 360 AGC 11.00 3.06 13.5 360 265 265 — 265 ANI 9.15 3.45 15.5 365 185 564 566 566 ANZ 20.66 3.65 11.1 660 392 390 400 400 ARABS 10.00 2.50 17.2 400 280 235 — 240 opt — — — 250 150 420 430 420 AWA 10.00 2.38 21.0 750 310 600 620 — Acmex 10.00 1.61 2.3 730 500 1070 — 1070 AdelStm 36.00 3.36 10.1 1480 780 860 874 860 Ad’tiser 12.00 1.40 35.4 880 475 30 32 30 Alpha 1.00 3.33 8.3 40 17 10 14 10 opt — — — 32 5 910 914 914 Amatil 32.00 3.50 16.0 1100 750 570 574 572 Amcor 21.00 3.67 16.3 630 400 395 400 400 Ampol 7.50 1.88 11.1 410 270 245 280 280 Argo 10.00 3.57 29.7 360 250 282 285 285 Ariadne 9.00 3.16 17.9 383 240 530 — 530 Arnotts 15.50 2.92 . 23.7 600 400 180 185 185 AFound 6.75 3.65 33.6 305 125 50 52 52 AustOvrs 1.00 1.92 59.8 68 40 12 13 13 opt — — — 25 4 1055 1060 1060 BHP 37.50 3.54 20.0 1210 870 60 65 — BTGlobal 3.00 4.62 9.5 67 45 1270 ■ —» 1280 BTRNylex 12.00 .94 46.5 2400 690 300 310 310 BankQld 15.00 4.84 12.6 320 275 46 50 47 Barwon .50 1.06 56.0 80 35 1015 1020 1020 BellG 10.00 .98 13.6 1125 740 3650 —— — pf 39.00 1.07 — 3400 3100 535 540 540 BellRes 15.00 2.78 7.6 610 396 95 105 — Bisley new — — — 105 90 110 120 112 opt — —— — 320 75 274 275 275 BondCorp 10.00 3.64 11.1 305 230 107 108 107 BondMed — — 62.9 115 95 25 29 28 opt — — — 42 10 626 630 630 Boral 18.00 2.86 18.9 690 430 1170 1180 1180 Brambles 26.00 2.20 19.4 1220 754 430 445 440 Brierley 10.32 2.35 5.9 540 262 265 270 265 Bundaberg 6.50 2.45 24.5 275 225 569 580 570 BurnsP 10.00 1.75 22.1 584 420 50 52 50 CRPTr 4.60 9.20 10.9 55 44 455 — 455 CIG 17.00 3.74 17.8 504 290 432 434 432 CSR 19.00 4.40 17.6 448 345 275 285 285 Cadbury 7.00 2.46 23.6 300 195 400 420 420 ChaseCrp 10.62 . 2.53 12.1 570 255 175 180 180 Claradeen — —— 45.0 180 100 646 650 646 ClytnRob 5.00 .77 36.6 850 435 245 250 250 Clyde 11.25 4.50 17.9 250 160 490 —- — CoalAli 28.00 5.71 6.5 540 370 914 —— 914 ColesM 24.0 2.63 18.9 960 590 495 500 500 Comalco 6.00 1.20 70.4 550 230 — 75 75 CoronetA — —— 18.4 225 75 210 210 DeakMorg 5.00 2.38 14.5 220 130 390 395 390 EDunlop 12.00 3.08 24.2 430 390 65 65 Eastcourt 6.00 9.23 5.9 82 50 584 590 584 Elders 18.00 3.08 12.4 590 425 390 395 390 Email 12.00 3.08 15.9 395 242 115 120 115 Equitcorp 2.50 2.17 4.7 145 95 240 250 240 EiiroNat — —— 9.2 470 225 820 826 820 FAI 6.00 .73 16.0 826 420 900 900 FairfaxJ 4.16 .46 60.3 2000 430 340 360 — Feltex 12.04 3.54 7.6 340 250 310 320 320 FineMet — — — 415 60 646 650 650 Fletcher 20.21 3.11 15.5 660 400 255 270 260 Fortuna 11.61 4.47 12.7 295 200 355 360 355 GPT 22.80 6.42 15.6 355 262 500 506 Goodman 10.00 1.98 38.1 520 342 127 129 129 HDFI — —— 6.4 160 100 155 160 155 Hanimex 5.00 3.23 9.7 200 110 450 460 450 HardieJ 17.14 3.81 16.7 490 310 70 75 70 Hltek — —— — 125 55 499 500 500 Hooker 15.00 3.00 13.5 500 285 110 — HugallH 7.50 7.14 8.4 160 96 ___ 35 — opt — — — 45 35 285 295 — Humes 13.00 4.41 14.4 340 240 2210 2250 — IlProp — — 2400 1900 570 _ 570 ICI 17.00 2.98 23.8 570 315 102 — lELGrwth 5.73 5.62 17.8 105 95 101 — — lELIncme 11.46 .42 9.6 110 100

155 160 160 ImaginT 2.30 1.44 20.5 195 100 652 656 652 IndEquit 10.00 1.53 20.6 652 420 —— 300 — InterPac 7.50 2.50 20.7 400 290 200 — — Jasco 5.00 2.50 12.3 220 180 272 275 275 Jennings 10.00 3.64 15.5 305 170 1330 1350 1330 JonesDav 36.00 2.71 11.5 1800 1000 280 300 — JonesRbt 3.15 1.13 22.0 270 120 220 .240 220 Jonray 4.00 1.82 12.9 430 145 350 — 350 Kern 5.50 1.57 11.3 360 220 160 180 — Kimberley 8.00 4.44 7.4 260 150 325 335 — Lrchhill 16.00 4.92 4.0 365 215 170 185 — opt — — 195 115 88 90 90 Leda — —— — 95 65 110 115 110 Leighton — — 17.7 120 75 1740 1770 1740 LLease 45.00 2.59 22.0 1840 960 694 700 700 Linter 20.00 2.86 19.1 940 610 640 650 640 MayneN 13.50 2.11 14.7 660 390 175 177 175 McPhson 6.25 3.57 15.0 320 125 530 —— — Memtec 1.00 .19 13.2 650 430 135 140 140 Midiskips 7.00 5.00 10.8 260 120 415 420 — Monter 11.00 2.65 18.7 420 220 410 410 NZFor 12.90 3.15 17.9 450 265 240 240 NZICorp 9.03 3.76 11.9 260 140 594 —— 596 NatAust 24.50 4.11 6.8 610 455 475 480 480 NatCons 18.00 3.75 9.2 480 300 2300 2310 2310 NewsCorp 7.00 .30 18.0 2510 1630 320 325 320 OPSM 9.00 2.81 20.9 410 265 45 47 45 Oakbridge ■ — — — 85 44 190 195 — Oceanic 4.50 2.37 32.1 315 190 558 564 558 PacDunlp 13.50 2.42 24.6 600 387 240 — 240 Parbury — — 14.7 240 1801 300 — 300 PetersSl 17.00 5.67 10.9 315 218 455 460 460 PioneerC 12.50 2.72 19.4 475 290 650 700 650 QBE 14.00 2.15 16.0 1420 500 440 450 450 Reil Corp 3.00 .67 24.1 620 380 120 — — opt — — — 140 98 188 200 190 Renouf — —— 280 150 270 280 275 Rheem 9.50 3.45 17.9 480 190 23 — Rocado In — — — 150 22 10 —— — opt 12.50 — — — — __ 20 — opt — —— — —— 940 960 — Rothmans 20.00 2.11 15.3 1420 620 330 335 — Rothwells 24.00 7.16 6.3 385 330 500 — 506 SmithHwd 20.00 3.95 16.9 550 445 810 — 810 Sthn Farm 10.00 1.23 17.2 900 700 290 295 290 Sunshine 12.00 4.14 7.4 310 220 60 61 — TAG Pac 10.00 6.67 3.5 110 50 654 658 656 TNT 15.00 2.29 16.3 666 375 630 640 640 Taylor 10.00 1.56 11.4 870 518 78 — USMaster — — — 94 78 640 644 Union C 22.00 3.42 13.4 670 510 107 — UnityCrp 10.00 ■ 9.35 . 2.4 370 65 75 80 83 Vapocure 3.75 4.69 40.0 280 75 122 126 122 Vestcorp 4.50 3.69 5.5 165 85 . 29 30 28 Viking — — 17.1 105 24 31 33 31 Walton —— — — 52 30 552 — Wattle 9.67 1.73 34.9 560 380 400 —■ 400 Wattyl 10.50 2.63 14.8 536 310 340 — — del — — — 360 335 340 — — bnd — — — — — 280 297 295 West CptI — —— 10.7 450 285 — 1060 1060 WfieldHl 5.62 .53 43.4 7400W800 215 217 217 WfieldTr 16.32 7.52 13.3 230 187 188 190 190 Westmex 10.00 5.26 62.4 300 160 700 704 700 Westpac 28.00 4.00 9.6 700 450 158 160 159 Wfld Cap 3.00 1.89 12.8 205 115 340 345 340 Woolworth —1 — —• 400 310 300 335 335 Wormaid 20.00 5.97 7.3 440 309 840 850 850 AC Mins — — — 910 526 870 900 870 Aberfoyle 5.00 .57 60.2 1600 450 362 365 365 Ashton — — 77.7 500 260 550 560 AustDevl — — — 660 335 174 175 175 BHP Gold — —» — 190 114 500 506 506 Bouganvle 12.48 2.47 28.7 580 300 275 285 275 CNGold 3.30 1.20 26.4 3100 240 1000 1090 CRA 15.00 1.38 44.0 1160 644 190 195 190 Carr Boyd 6.00 3.16 19.0 310 135 185 188 188 City Res 8.00 4.26 — 305 115 140 — 140 opt — — — 250 65 5 6 5 Cons Res — — —— 10 4 800 —— — Cons Rtle 45.00 5.63 10.2 820 610 350 360 350 Dominion — — — 380 85 270 275 270 ERA 10.00 3.70 21.4 300 170 400 — 402 Elders Rs — — 20.0 440 158 1110 1125 1120 Emperor 22.00 1.96 22.9 1120 570 490 500 495 Forsyth 10.00 2.02 — 740 185 — 980 — GMKalg 16.00 1.67 33.6 1250 620 385 390 390 Giant Res .61 .16 — 410 235 165 170 165 opt — — — 185 85 290 — 290 Hill 50 1.50 .52 52.7 300 79 395 400 400 Jason Min — —• —• 400 83 65 67 65 J’lana —- — — 95 38 105 110 110 Kia Ora 1.00 .91 25.6 150 80 740 740 Kidston 28.00 3.78 15.3 1000 576 155 165 160 Kitchener — — — 160 70 190 195 195 Kiwi Gold — — — 320 170 358 359 358 MIM 4.00 1.12 68.1 395 195 180 185 180 Metals Ex — — 50.0 230 80 1400 1450 — Metana — —— 13.3 1850 750 90 95 90 Moruya — — — 125 42 1480 1500 1500 Niugini — — 62.5 1650 335 465 470 465 North BH 9.00 1.94 35.2 465 230 195 197 197 Nth Kalg 1.99 1.01 30.0 225 91 1630 1650 1650 Nth Flndr 40.00 2.42 — 3100 1100 90 85 Otter — — —— 135 60 395 400 400 Pancont M 2.50 .63 29.9 470 260 157 158 158 Paragon — — — 160 60 80 85 — Paragon R — — — 92 62 130 138 135 opt — — — 135 35 630 630 Paringa 36.30 5.76 5.6 630 265 900 910 900 Peko 22.00 2.44 14.7 900 560 385 390 390 Piacr Pac 3.00 .77 54.9 490 222 670 700 — Poseidon 3.33 .48 — 1610 410 160 164 162 Qld Coal 15.00 9.26 10.8 175 127 1510 1520 RGC 15.00 .99 35.3 1520 890 1370 1390 1385 Sns Gwlia 40.0 2.89 23.1 1700 830 70 75 72 Sparges — — — 140 55 35 37 \ 37 ct — — —* 52 130 135 132 Sthn Pac — — — 132 20 48 50 50 Technomin —— — — 70 35 1000 1005 1000 WMC 10.00 1.00 77.5 1195 546 215 220 215 Wai Min dd — — — 300 150 255 — West Sand 8.00 3.13 13.5 340 200 620 — 620 Whim Crk d 8.00 1.29 — 750 590 250 255 250 AOG — — 54.3 285 195 540 560 540 Ampol Exp — — 43.5 630 330 66 67 67 Beach 1.50 2.24 24.8 95 55 178 180 178 Bridge — — — 195 80 105 106 105 Claremont 3.50 3.33 35.0 160 73 300 320 320 Crusader 2.50 .78 55.2 350 155 42 ■ 50 40 Cultus — — — 75 35 105 110 105 Expo -L— — — 145 70 300 305 300 Hartogen 3.00 1.00 34.9 510 280 360 375 — Magellan — — 93.8 430 170 8 9 — Magnet — — —— 15 194 195 195 Oil Serch — —— - '■ 215 83 168 170 170 Peko Oil — — 56.7 190 103 7 8 8 Petroz — —— —- 12 6 720 730 716 Santos 16.00 2.22 19.5 780 380 360 400 — Vamgas 6.00 1.67 34.3 400 250 1400 — Weeks Pet — — 64.2 1500 920 210 220 210 Woodside — — — 280 150