Aust, market holds ground

Press, 25 September 1987, Page 10

Aust, market holds ground

NZPA Sydney The Australian share market closed higher in dull trading yesterday, after three sessions of profit taking, as investors quietly supported selected stocks across the boards. Brokers said generally flat news from abroad overnight and the unwinding of several futures arbitrage plays saw many investors take to the sidelines, with options-related trading dominating the session. Fairfax gained 60c to 900 on turnover of 4.34 million shares worth sAust39M as News gained 80c to 2390. Building issues enjoyed renewed favour. Boral climbed 11c to 644, Pioneer Concrete 5c to 470 and James Hardy 5c to 490. Banking issues National Australia Bank and ANZ fell 14c to 594 and 4c to 556 respectively. Westpac also slipped 6c to 670 on a large options-related turnover of 8.9 M shares worth 547.2 M.

Large resource and goldrelated issues were similarly in patchy demand. Western Mining at 9.54 and Peko to 9.50 gained 10c each, but North Broken Hill lost 5c to 465.

BHP rose 5c to 1075 after losing the same on Wednesday, as CSR closed steady at 470 c on solid turnover.

Firmer bullion.prices during the session did little to boost widespread confidence in the gold sector. Gold Mines of Kalgoorlie rose 20c to 980 and Renison 10c to 1630, but Placer Pacific slipped 15c to 390 and Kidston 10c to 780. At the close, the all ordinaries index was 6.7 points higher at 2277.8. Turnover

was 188.4 M shares, worth $525M. Rises narrowly outnumbered falls.

Closing quotes Last Industrial Buy Sell sale ACI 430 435 430 AFPInvst 410 415 - 415 AGC 388 390 390 ANI 262 265 265 ANZ 556 — 556 ARABS 400 410 400 opt 240 260 260 AWA 380 400 400 Acmex 620 640 — AdelStm 1100 1110 1100 Ad'tiser 860 870 860 Alpha 31 32 31 opt 10 14 — Amatil 926 930 926 Amcor 568 580 568 Ampol 405 412 412 Argo 300 — — Ariadne 274 275 275 Arnotts 510 530 — AFound 180 185 185 AustOvrs 45 50 50 rts — 14 13 BHP 1070 1075 1075 BTGlobal 61 — 63 BTRNylex 1300 1320 1300 BankQld 310 315 — Barwon — 48 48 BeliG — 1010 1010 pref 3650 — 3800 BellRes 540 546 546 Bisleynew 105 —- — opt 130 — — BondCorp 288 292 290 BondMed 109 110 109 opt 25 26 26 Bora! 644 650 644 Brambles 1165 — 1170 Brierley 425 430 430 Bundaberg 285 290 285 BurnsP 610 620 610 CRPTr — 55 55 CIG 460 — 460 CSR 470 472 470 Cadbury 270 275 275 Chasep 430 435 430 Claradeen 165 175 —— ClytnRob 680 700 680 Clyde 240 — 250 CoalAll 500 — ——

CoiesM 930 934 932 Comalco 534 536 536 CoronetA — 70 70 DeakMorg 210 220 220 EDunlop 390 395 390 Eastcourt 60 68 —— Elders 582 584 584 Email 420 430 420 Equitycorp no —— 115 EuroNat 280 300 285 FAI 856 860 856 FairfaxJ 850 900 900 Feltex 340 — — FineMet 300 320 300 Fletcher 630 640 640 Fortuna 270 — 270 GPT 345 355 350 Goodman 510 520 510 HDFI 140 — 140 Hanlmex 170 —— 170 HardieJ 485 494 490 Hitek 70 75 — Hooker 534 536 536 HugallH 105 115 105 opt —— 35 — Humes 305 — 305 HProp 2250 2400 — ICI 620 630 620 lELGrwth 100 105 — lELIncme 101 120 —- ImaginT 160 —— 165 IndEquit 666 670 666 InterPac 285 290 285 Jasco 200 212 — Jennings 343 345 345 JonesDav 1430 1450 1460 JonesRbt 286 286 Jonray 250 260 260 Kern 395 400 395 Lrchhill 320 325 325 opt 190 200 200 Leda 96 98 95 Leighton 117 118 118 LLease .1860 — 1860 Linter 700 710 700 MayneN 680 — 680 McPherson 182 — —— Memtec 510 520 520 Miniskips 135 138 138 Monier 415 420 —— NZFO 400 430 400 NZI 262 —— — NatAust 596 600 594 NatCons 490 500 504 NewsCorp 2360 2380 2390 OPSM 335 340 340

uuKunugc ifl dl Oceanic 195 200 — PacDunlp 610 — 610 Parbury — 250 250 PetersSl 305 310 310 PioneerC 470 475 470 QBE 640 — — ReilCorp 450 455 450 Renouf 198 200 200 Rheem — 290 — Rocadoln 10 23 — opt 10 —’ — opt 1 — —— Rothmans 950 960 960 Rothwells 335 340 340 SmithHwd 506 512 510 SthnFarm 850 900 —- Sunshine 290 291 290 TAGPac 65 70 70 TNT 682 684 684 Taylor 628 630 628 USMaster 78 80 —— UnlonC 623 640 —- UnityCrp — 93 90 Vapocure 70 75 — Vestcorp 122 125 122 Viking 29 31 — Walton 30 31 30 Wattle — 570 — Wattyl 425 430 425 WestCptl 320 325 325 WfieldHl 1150 1200 1150 WfieldTr 225 230 225 Westmex 180 182 182 Westpac 668 670 670 WfldCap 150 —- 150 Woolworth 345 350 345 Wormald 335 — 335 ACMins 890 900 890 Aberfoyle 940 960 940 Ashton 340 355 350 AustDevl 620 — 620 BHPGoId 178 180 178 Bouganvle 520 526 520 CNGold 270 275 270 CRA 1125 1130 1130 CarrBoyd 200 205 200 CityRes 185 188 185 opt 130 — — ConsRes 5 6 5 ConsRtle 800 — —— Dominion — 380 380 ERA 270 275 270 EldersRs 455 460 460 Emperor —• 1180 —— Forsyth 495 500. 500 GMKalg 980 990 980 GiantRes 398 400 400 rts 180 185 185 Hiil50 — 250 250 JasonMin 390 410 400 J'lana — 68 68 KiaOra 105 — 105 Kidston 780 786 780 Kitchener 160 165 160 KiwiGold — 180 —— MIM 345 346 346 MetalsEx 175 190 180 Metana 1500 1540 1540 Moruya 94 100 94 Niugini 1480 1490 1480 NthBH 465 470 465 NthKalg 197 200 197 NthFlndr 1750 —— — Otter —. 95 92 PancontM 395 400 395 Paragon 151 155 150 rts 80 85 opt 125 130 125 Paringa — 760 780 Peko 940 950 950 PlacrPac 380 390 390 Poseidon 650 660 660 QldCoal 157 158 157 RGC 1630 1650 1630 SnsGwlia 1300 1320 1320 Spargos 70 72 72 ct 33 35 33 SthnPac —— —— 95 Technomin 52 55 52 WMC 954 — 954 WalMindc 220 —- 225 WestSand 265 290 265 WhimCrk d 580 610 580 AOG 270 275 270 AmpolExp 520 540 530 Beach 65 66 65 Bridge 173 175 175 Claremont 101 102 101 Crusader —- 290 290 Cultus 43 45 —— Expo — 105 105 Hartogen 295 300 300 Magellan 350 355 350 Magnet 8 —— — OilSerch 182 185 182 PekoOil 168 170 170 Petroz 7 8 8 Santos 710 720 710 Vamgas 365 370 370 WeeksPet 1300 —— —— Woodside 225 230 225