Aust, follows bullion fall

Press, 2 October 1987, Page 10

Aust, follows bullion fall

NZPA—AAP Sydney The Australian sharemarket closed sharply lower yesterday as Investors dumped stocks following a large fall overnight in international bullion prices. Brokers said the almost SUSS fall in the metal 5U5453.25 an ounce in New York sparked heavy selling pressure, with gold-related scrip particularly hard hit At the close, the all ordinaries index was 30.6 points down at 2218.6 as the ail industrials slipped 34.7 to 3302.8, the gold marker 117.9 to 3828.1 and the all resources index 33.2 to 1386.5. Turnover was a moderate 127.33 M shares worth sAust 239.75 M as falls more than doubled rises. Gold stocks bore the brunt of market bearishness, with heavyweight Renison slipping 60c to 1550, Consolidated Exploration 35 to 420 and Metana 30 to 1470. Fifteen cent losses also took North Kalgurli Mines to 180, Placer Pacific to 355 and Gold Mines of Kalgooriie to 1010. Among other resources, Peko Wallsend slumped 30 to 920, Western Mining 24 to 896 and North Broken Hill 20 to 445. . Elsewhere, market leader BHP fell 5 to 1060 and CSR the same to 470. Interest rate-sensitive industrials were also weaker in response to higher money market interest rates. Developers, building materials, transport and banking stocks felt the force of investor nervousness, with the transport index down 97 points, or 2.8 per cent to 3307.6. Among the transporters, Brambles fell 55 to 1100, Mayne Nickless 30 to 620 and TNT 20 to 660, while in the banks, ANZ dropped 20 to 520, the National Australia Bank 10 to 576 and Westpac 2 to 658. -

dosing quotes Last ladostrial Buy Sell sale ACI 435 440 435 AFPInvst 406 407 407

AGC 400 410 400 ANI 255 260 255 ANZ 520 526 520 ARABS 440 460 opt 250 — 250 AWA 415 420 415 Acmex 630 650 AdelStm 1000 1020 1010 Ad’tiser 850 900 Alpha 29 30 30 opt 10 12 10 Amatil 920 —— 930 Amcor 536 — 536 Ampol 410 415 410 Argo 300 305 305 Ariadne 268 270 270 Arnotts 530 538 540 AFound 175 180 — AustOvrs 51 52 51 opt — 11 — BHP 1060 1065 1060 BTGIobal 63 — BTRNylex 1350 1360 1360 BankQld — 315 — Barwon — 48 46 BellG 990 994 994 pref 4200 —— BellRes 510 520 516 Bisley new 105 —— opt - 120 — 130 BondCorp 268 270 268 BondMed 110 111 110 opt 26 32 32 Bora! 620 626 620 Brambles 1100 — 1100 Brierley 435 440 435 Bundaberg 283 284 —— BurnsP 580 590 —— CR.P.Tr 51 60 51 CIG 465 470 465 CSR 470 475 470 Cadbury 270 275 275 CbaseCrp 420 430 425 Claradeen — 155 155 ClytnRob 740 750 736 Clyde —— • 240 ■ CoalAll 516 520 520 ColesM 920 926 925 Comalco 516 520 516 CoronetA 62 65 62 DeakMorg — 200 200 EDunlop — 380 •— Eastcourt 50 66 66 Elders 550 554 554 Email 400 420 420 Equitcorp 120 122 120 EuroNat 310 ‘ ■■■! 310 FAI 940 — 936 FairfaxJ 810 816 810 Feltex 350 —— — FlneMet —— 300 300 Fletcher 600 630 620 Fortuna 305 310 310 GPT 350 352 350 Goodman 540 540 H.D.F.I. 160 165 160 Hanimex 165 175 169 HardleJ 485 490 485 Hitek —> 65 65 Hooker 485 490 485 HugallH 110 —— 112 opt 35 —

Humes 320 325 320 IlProp 2250 2300 ICI 610 — 610 lELGrwth 105 no 110 lEUncme 95 95 ImaginT 170 172 — IndEquit 590 606 600 InterPac —- 285 — Jasco 210 — 220 Jennings 340 345 340 JonesDav 1360 1390 1370 JonesRbt 260 —■> 260 Jonray 255 300 260 Kern 370 375 370 Kimberley —— 180 180 Lrchbill —- 320 . — opt 200 —. Leda 99 100 100 Leighton 113 115 115 LLease 1800 1810 1810 Linter 670 700 680 MayneN 620 640 620 McPherson 188 —— 190 Memtec — 510 510 Miniskips 135 140 - Monler 415 420 — NZFor 400 415 400 NZICorp 260 265 262. NatAust 574 578 576 NatCons —— 475 475 NewsCorp 2440 2450 2450 OPSM 320 320 Oakbridge 51 53 51 Oceanic 195 200 — PacDunip 560 574 572 Parbury —— 250 — PetersSl 305 310 310 PloneerC 485 490 485 QBE 640 —• — RellCorp 460 460 opt 140 — Renouf 195 198 Rheem 240 — 240 Rocadoln 10 23 — ' nts 10 ' —- opt 1 —. Rothmans 960 — 960 Rothwells 330 340 340 SmithHwd 510 512 510 SthnFarm 850 —— Sunshine 290 291 290 TAGPac 63 68 65 TNT 658 660 660 Taylor —— 630 — USMaster 78 82 — UnionC 638 640 — UnityCrp 110 120 120 Vapocure 70 80 75 Vestcorp 115 128 115 Viking 25 30 ~~ Walton 30 36 32 Wattle 590 — 590 Wattyl 450 — — WestCptl 340 . -— 350 WfieldHl 1190 1200 1200 WfieldTr 226 228 228 Westmex 185 185 Westpac 656 658 658 WfldCap 140 155 145 Woolworth 355 — 355 Wormaid 335 340 338 ACMins . — 840 860

Aberfoyle 940 940 Ashton 345 350 345 AustDevl 590 590 BHPGold no 172 170 Bouganvie CNGold 514 260 520 270 514 260 CRA 1050 1060 1050 Carr Boyd 200 205 200 CityRes 165 170 165 opt 135 —_ ConsRes 4 5 5 ConsRtle 800 800 Dominion —— 335 330 ERA 275 280 EldersRs 470 475 475 Emperor 990 1030 Forsayth 440 460 460 GMKalg 1000 1010 1010 GtantRes 380 390 380 opt 175 180 175 Hill 50 ■ —- 250 245 JasonMin 440 470 465 J’lana 65 67 KlaOra 106 110 106 Kldston 720 a— 720 Kitchener 160 160 Kiwi Gold 145 130 MIM 326 328 328 MetalsEx 200 Metana 4460 1480 1470 Moruya 85 90 90 Niuginl 1350 1380 1380 NorthBH 445 450 445 NthKalg ■ 180 182 180 NthFlndr 1750 1770 1770 Otter 80 85 85 PancontM 355 360 360 Paragon ' — 138 135 ParagonR 80 85 opt 110 120 120 Paringa 690 700 Peko 920 930 920 PiacrPac 355 360 355 Poseidon ’ 640 650 QldCoal 152 154 152 RGC , 1530 1550 1550 SnsGwlia 1260 Spargos 75' 78 75 ctg 34 42 SthnPac 100 105 105 Technomin 53 54 53 WMC 890 896 896 WalMin dd 225 230 225 WestSand 280 AOG 265 270 270 AmpolExp ' — 520 520 .Beach 65 63 Bridge 170 175 173 Claremont 92 95 92 Crusader 250 275 Cultus 48 50 Expo 95 100 95 Hartogen 285 290 290 Magellan 350 360 360 Magnet 8 • < OiiSerch 185 187 187 PekoOil 165 160 Petroz i. 8 8 Santos 690 700 355 694 Vamgas WeeksPet 350 1320 Woodside 190 200 200