Aust. wipes early gains

Press, 7 October 1987, Page 44

Aust. wipes early gains

NZPA-AAP Sydney The Australian sharemarket closed lower across the boards as the market failed to follow on from positive overseas sentiment overnight Brokers said the almost SUS 3 rise in bullion to 8U5457.25 an ounce, gains in crude oil prices, a firm Australian dollar and a higher close in London did little to boost confidence, with early gains reversed in afternoon trading. At the close, the all ordinaries index was 6.4 points down at 2247, the all industrials slipped 9.6 to 3356.2, the gold marker 28 to 3827.3 and the all resources 4 to 1395.8. Turnover was a moderate $144.86 million shares worth sAust3ol.l2M as rises outnumbered falls by five to four. Gold-related stocks mostly fell in spite of the rise in bullion, with only a few stocks managing rises. Heavyweight Rehison slipped 10c to 1540 and Forsayth the same to 480. Noranda Pacific and Whim Creek were both up 10c to 500 and 590 respectively.

Elsewhere, BHt* lost 5c to 1060. j Interest also focused on CSR, down 5c to 480 after climbing 15c in Melbourne on Monday on growing speculation it would sell its coal interests to Alan Bond’s Bond Corp. MIM, up 7c to 350, featured in turnover lists as 4.41 M shares worth sAustls.42M, changed hands following news its Highland Gold float was to go ahead. Other resource stocks to stand out included Western Mining, down 26c to 870, Bell Resources, 14c lower at 524 and Peko, up 20c to 960. Industrials enjoyed patchy support but were generally weaker. Retail stocks Coles Myer slipped 30c to 900 and David Jqnes lost 20c to 1350. In contrast. Woolworths gained 5c to 360. Paper and packagers enjoyed favour, with New Zealand Forest Products up 30c to 430 and Amcor 10c to 570. Elsewhere, News Corp gained 30c to 2430, BTR Nylex 20c to 1370 and Bell Group 10c to .1040 as Adsteam slipped 5c to 1035

Closing quotes Buy Sell Sale 450 460 450 AC! 428 430 428 AFPInvst 400 410 400 AGC 235 240 240 ANI 550 552 550 ANZ 440 480 460 ARABS 265 270 — opt 435 440 440 AWA 600 650 — Acmex 1025 1035 1035 AdelStm 850 900 — Ad*tiser 29 30 29 Alpha 8 —— — opt 930 940 930 Amatll 564 570 570 Amcor 420 — 420 Ampoi •XX 300 Argo 250 255 250 Ariadne 530 540 — Arnotts 165 182 — Afound 51 52 51 AustOvrs —— 11 — opt 1055 1060 1060 BHP 62 65 62 BTGlobal 1380 1370 BTRNylex 315 310 BankQId 45 48 48 BarwOn 1040 —. 1040 BeUG 4200 — — pref 520 524 524 BellRes 125 — — Bley new 120 — — ei*. 276 280 276 BondCorp 110 115 111 BondMed 30 32 30 opt 622 624 624 Boral 1135 — 1135 Brambles 450 455 455 Brierley 280 282 280 Bundaberg 590 592 594 BurnsP 51 55 55 CRPTr 470 —— 470 CIG 480 483 480 CSR 285 290 285 Cadbury 415 425 420 ChaseCrp — 150 150 Claradeen 760 760 ClytnRob 235 240 235 Clyde 530 — 530 CoalAll —— 908 900 ColesM 530 540 526 Comalco 77 80 77 CoronetA — 192 192 DeakMorg — 375 — EDunlop 65 68 65 Eastcourt »><■ 570 570 Elders 390 400 400 Email 118 120 120 Equitcorp 310 350 310 Euro-Nat 970 976 976 FAI 820 830 820 Fairfax J 350 —<■ — Feltex 290 295 290 Fine Met 650 — — Fletcher 270 300 300 Fortuna 365 368 365 GPT 566 570 570 Goodman 150 155 — H.D J.I. 165 170 — Hanimex 490 495 490 Hardie J — — 60 Hitek 495 500 500 Hooker 120 —— — Hugall H — 35 35 opt 320 ■ - 312 Humes 2290 2400 2300 I I Prop 626 630 626 ICI — 110 — IEL Grwti 95 — — IEL Incmt 172 —— 172 Imagin T 630 634 630 Ind Equit 250 280 250 Inter-Pac 200 —— — Jasco 345 — 345 Jennings — 1360 1350 Jones Dav 260 300 — Jones Rbt 260 270 — Jonray 370 395 370 Kern — 175 175 Kimberley 310 315 310 Lrchhill — 200 — opt 95 98 — Leda 114 115 112 Leighton 1750 1760 1760 L Lease 690 700 690 Lister 620 630 630 Mayne N 185 — 185 McPher 530 520 Memtec

Dividends P/E Year’s Cents Yld% ratio high low 17.00 3.78 18.1 465 360 — ’ —- 3.8 920 205 11.00 2.75 15.0 410 265 9.33 3.89 12.9 365 185 20.66 3.76 10.7 660 392 10.00 2.17 19.8 460 280 —— —— 260 150 10.50 2.39 —— 750 310 15.00 2.34 36.8 730 500 36.00 3.48 7.9 1480 780 12.00 1.38 35.8 880 475 — 15.3 40 17 — —— 32 5 32.00 3.44 16.3 1100 750 21.00 3.68 16.2 630 400 7.50 1.79 11.6 420 270 10.00 3.33 31.8 360 250 10.00 4.00 8.1 383 240 15.50 2.92 21.5 600 400 5.50 — — 305 125 1.00 1.96 58.6 68 40 — — — 25 4 31.25 2.95 20.0 1210 870 3.00 4.84 9.1 67 45 12.00 .88 49.8 2400 690 15.00 4.84 12.6 320 275 1.00 2.08 21.3 80 35 10.00 .96 13.9 1125 740 39.00 .93 —— 3800 3100 15.00 2.86 7.4 610 396 — —— ' —— 105 90 —- — 320 75 10.00 3.62 11.2 305 230 65.3 115 95 —. —— 42 10 18.00 2.88 18.7 700 430 26.00 2.29 18.7 1230 754 8.60 1.89 16.0 540 262 6.50 2.32 25.9 295 225 10.00 1.69 16.3 620 420 4.60 8.36 12.0 60 44 17.00 3.62 18.4 504 290 19.00 3.96 19.6 490 345 7.00 2.46 23.6 300 195 10.62 2.53 12.1 570 255 —— 37.5 180 100 5.00 .66 43.0 850 435 11.25 4.79 16.8 260 160 20.00 3.77 10.6 540 370 24.00 2.67 18.6 960 590 20.00 3.77 10.6 550 230 —— — 18.9 225 60 5.00 2.60 13.2 225 130 12.00 3.24 23.0 430 370 6.00 9.23 5.9 82 50 17.90 3.14 10.1 610 425 12.00 3.00 16.3 430 242 2.50 2.08 4J 145 95 — —. 11.8 470 225 6.00 .61 19.0 1000 420 9.25 1.13 58.2 2000 430 12.04 3.44 7.8 350 250 — 22.3 415 60 20.21 3.11 15.5 680 400 11.61 3.87 14.6 310 200 22.80 6.25 16.0 390 262 11.00 1.93 20.6 576 342 10.00 6.45 7.0 165 100 5.00 2.94 10.7 200 110 17.14 3.50 18.1 495 310 — —— 54.5 125 55 15.00 3.00 13.5 566 285 7.50 6.25 9.6 160 85 — —— —- 45 35 13.00 4.06 16.3 340 240 — —— ■ — 2400 1900 17.00 2.72 26.1 630 315 5.73 5.21 19.2 110 95 11.46 2.06 8.3 110 95 2.30 1.34 22.1 195 100 10.00 1.59 15.6 710 420 7.50 3.00 17.2 400 250 5.00 2.27 13.6 220 180 10.00 2.90 19.5 348 170 36.00 2.67 6.6 1800 1000 3.15 1.21 20.5 300 120 4.00 1.54 15.2 430 145 5.50 1.49 11.9 410 220 8.00 4.57 7.2 260 150 16.00 5.16 3.8 365 215 — —— —— 200 115 —— — 112 65 —— — 18.4 120 75 45.00 2.56 22.3 1910 960 20.00 2.90 18.8 940 610 18.50 2.94 14.4 690 390 6.25 3.38 15.8 320 125 1.00 .19 12.7 650 430

135 140 140 Miniskips 410 415 415 Monter 400 430 430 NZ For 265 —— 270 NH Corp 598 600 600 Nat Aust 450 475 460 Nat Cons 2420 2430 2430 News Corp 322 328 325 OPSM — 55 53 Oakbridge 200 —« — Oceanic 576 580 580 Pac Dunlp 230 250 — Parbury 305 310 310 Peters SI 485 ■490 490 Pioneer C 640 676 — QBE 460 500 — Refl Corp 145 — 145 opt — 195 — Renouf 245 250 250 Rheem 10 —— — Rocado In 10 —- — nts 1 — 3 opt 950 960 960 Rothmans 337 — Rothwells 506 512 506 SmithHd 860 864 Sthn Farm 290 295 290 Sunshine 60 63 63 TAG Pac 666 670 670 TNT 620 630 630 Taylor 78 82 — US Master 638 644 638 Union C 108 115 115 Unity Crp 75 80 75 Vapocure 122 125 122 Vestcorp 27 30 27 Viking 30 32 — Walton 590 — 600 Wattle 450 , —— 460 Watty! 349 360 350 West Cptl ' — 1190 1170 Wfield Hl — 227 227 Wfield Tr 170. 180 180 Westmex 696 700 698 Westpac 145 160 150 Wfld Cap 360 362 360 Woolworth 340 — 340 Wormaid 850 860 860 AC Mins 930 950 930 Aberfoyle —— 350 345 Ashton 584 600 — Aust Devi 172 175 175 BHP Gold 510 520 514 Bouganvle 255 260 260 CN gold 1050 — 1045 CRA 200 200 Carr Boyd 160 165 160 City Res — 130 — opt 5 6 5 Cons Res 800 MW 800 Cons Rtle —— 365 360 Dominion 280 290 — ERA 490 495 495 Elders Rs 940 960 950 Emperor 470 480 „ 480 Forsayth 990 1000 1000 GM Kalg 365 370 370 Giant Res 160 170 165 opt 245 250 245 HiU 50 460 470 470 Jason Min 65 — 65 J’lana 106 110 106 Kia Ora 720 730 730 Kidston 160 160 Kitchener 140 135 Kiwi Gold 350 352 350 MIM —— 200 — Metals Ex 1450 1480 1470 Metana — 90 90 Moruya 1340 1350 1350 Nuigini 445 450 445 NorthBH 193 195 192 NthKalg 1770 — 1800 NthFlndr 80 85 — Otter 365 370 370 PancontM 145 — 148 Paragon 80 85 — ParagonR 115 120 120 opt 690 700 690 Paringa 960 — 960 Peko 365 370 370 PiacrPae i 640 650 640 Poseidon 153 154 153 QldCoal . 1530 1550 1540 RGC 1200 1240 1200 SnsGwlia 72 75 75 Spargbs —— 35 33 etg —- 105 105 SthnPac 53 54 53 Thnomin 868 870 870 WMC ■— 275 — WalMindd — 275 — WestSand — — WhimCrkd 265 270 265 AOG 520 530 530 AmpolExp 62 65 65 Beach 180 182 180 Bridge — 100 94 Clarenft 280 285 290 Crusader 65 70 70 Cultus 95 100 95 Expo 1 ■" 280 280 Hartogen 355 360 355 Magellan 9 10 9 Magnet 192 195 195 OilSerch 160 165 160 PekoOil 7 8 7 Petroz 684 690 690 Santos 350 — — Vamgas 1320 —— — WeeksPet 207 • — 208 Woodside

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