AUSTRALIA Eighty point fall a record

Press, 20 October 1987, Page 26

AUSTRALIA Eighty point fall a record

NZPA-AAP Sydney The Australian sharemarket suffered a record one-day point fall yesterday after the dramatic tumble on Wall Street last Friday. Brokers said a record 108.35 point fall In the Dow Jones industrial average sparked selling pressure from the bell and sharp drops on the Tokyo exchange fuelled nervousness. A solid rise in bullion prices failed to halt the slide. ' At the close the all ordinaries 'index was down a record 80.4 points, or 3.7 per cent, to 2064.2. The all industrials index dropped 154 points, or 4.8 per cent, to 3039.2 and the all resources fell 23.9 points to 1316. The gold marker gained 8.6 points to 3674.7. Turnover was a moderate 133.57 million shares worth sAust2Bo.s4 million and fails outnumbered rises by five to two. Blue chip industrials, particularly retailers, banks, building materials and transport scrip, were hardest hit The banking sub-index slid 6.4 per cent, or 131 points, to 1904.5 as Westpac slid 48c to 630 c, the ANZ 32c to 490 c and National Australia Bank 30c to 530 c. In the transport sector

Brambles lost 80c to 1000 c, TNT 44c to 606 c and Mayne Nickless 4c to 610 c. Elsewhere, News Corp fell 170 c to 2000 c as 80c drops took Lend Lease to 1600 c and Coles to 770 c. But a SUS9.SO rise in bullion over the weekend to 5U5471.60 an ounce, and its firmer opening in Sydney at $U5475.50 pushed some goldrelated stocks higher. Kidston climbed 50c to 730 c, Emperor 30c to 850 c and Poseidon 20c to 640 c. But Sons of Gwalia was 10c down at 1170 c and Broken Hill Gold lost 2c to 163 c. Other heavyweight resources were not so lucky and Bell Resources dropped 40c to 470 c, CRA 30c to 1020 c, MIM 10c to 320 c and Western Mining 8c to 820 c. Elsewhere, BHP fell 25c to 990 c and CSR 15c to 435 c. Closing

quotes Last Industrial Buy Sell sale ACI — 425 425 AFP 348 350 350 AGC 390 400 400 ANZ 495 — 495 Arabs 415 420 415 opt 280 — 280 AWA 380 400 Acmex 440 600 — AdelStm 970 980 970 Adtlser 850 852 Alpha 22 24 22 Opt •— 8 1

Amcor 510 520 510 Ampol 400 410 405 Argo — 290 MM Ariadne 210 214 210 AFound MM 155 155 Aust 40 49 —- rts —- 8 —— BHP 990 992 990 BTGlobal — 63 63 BTRNylex 1140 1150 1150 BankQld 300 310 —» Barwon —— 40 —— BellG 920 940 950 pref 3600 4200 —— BellRes 465 470 470 Bisleyopt 130 140 ■MM BondCorp 240 250 250 BondMed 95 100 100 opt 25 26 26 Bora! 520 522 520 Brierley MM 400 400 Bundaberg 270 272 270 BurnsP 480 500 500 CRP 54 —- 55 CIG 450 455 450 CSR 435 MM 435 Chase 360 370 370 Claradeen . —- 140 — ClytnRob 670 690 —M Clyde 215 220 — CoalAll 518 520 ColesM no 780 770 Comalco MM 480 480 Coronet 58 70 60 DeakMorg 150 180 180 EDunlop 290 300 290 Eastcourt 60 66 60 Elders 510 520 514 Equitcorp 100 108 105 EuroNat 250 260 MM FAI 818 820 820 Fairfax! 800 820 820 FinMet 265 280 270 Fletcher MM 580 MM Fortuna —— 268 — GPT 350 360 360 Goodman 480 500 500 HDFI 140 145 140 Hanimex 175 180 175 HardieJ 410 415 415 Hitek 67 70 — Hooker 440 455 440 Hugall MM 0145 — opt 40 42 —— Humes — 305 315 UProp —— 2200 — ICI 538 568 540 lELGrwth MM 105 — lELIncme 95 — MM ImaglnT —— 170 160 IEL 530 536 530 InterPac 278 290 280 Jasco 220 220 Jennings 290 290 JonesDav 1190 1250 MM JonesRbt — 260 250 Jonray MM 250 255 Kern ' M— 335 335 Kimberley — 180 • — Lrchhiil 325 —M 325 opt <—. 180 — Leda 85 87 85 Leighton 95 101 95 LLease 1570 1600 1600 Linter 650 660 660 Mayne MM 610 610 McPherson 'MM 185 MM Memtec — 480 — Miniskips 135 140 135 Monter — 409 409 NZFP 405 410 MM NZI 220 240 220 NatAust 530 540 530 NatCons 430 440 425 NewsCorp 2000 MM 2000 OPSM MM 305 305 Oakbridge 45 46 45 Oceanic 200 205 200 Parbury 210 230 — Pioneer 415 420 415 QBE 640 660 650 ReilCorp 450 300 500 opt 155 MM 155 Renouf 180 190 MM Rheem 245 250 MM

Rocadoln 40 55 55 rts 20 — — opt 20 — Rothmans 900 930 900 Rothwells 315 325 315 SmithHwd 500 506 500 SthnFarm 750 820 820 Sunshine 290 295 290 TAG — 59 —B TNT 606 610 606 Taylor T620 — USMSster —— 78 —- Union 638 640 — Unity —— 110 no Vapocure 78 80 78 Vestcorp — — no Viking 28 30 31 Walton 30 35 30 Wattle —. 616 —. Wattyl 430 440 435 WestCptl — 320 — WfleldHl —— 1190 —— WfieldTr 200 210 220 Westmex —— 150 145 Westpac 630 634 630 WfldCap 146 —— 147 Woolworth 325 330 325 Wormaid 350 360 360 ACMlns 780 790 780 Aberfoyle — 880 850 AustDevl 640 ' — 640. BHPGoId 160 163 163 Bouganvle 480 485 480 CRA 1020 —— 1020 CarrBoyd 190 200 190 CltyRes 170 — ■ 170 opt — 120 120 ConsRes 8 9 8 ConsRtle —— 790 780 Dominion 340 360 365 ERA 275 . —— 275 EldersRs 310 330 330 Emperor 830 850 850 Forsayth 452 460 452 GMKalg 650 . — — GiantRes 330 340 330 opt 135 145 135 H11150 — 230 — JasonMin 510 530 530 Jlana 69 70 70 KiaOra 105 106 106 Kldston 710 730 730 Kitchener '' 130 — 130 KlwiGold MB 130 — MIM 320 325 320 MetalsEx 200 205 200 Metana 1390 1400 1390 Moruya 90 95 90 Nlugini 1400 1420 1400 NthKalg 195 200 195 NthFlndr bm 1720 1720 Otter 83 85 85 PancontM 350 360 350 Paragon 160 165 162 rts 80 85 «B«B opt 130 135 135 Paringa 670 680 680 Peko 920 930 920 Poseidon 618 640 640 QldCoal 153 156 153 RGC — 1480 1480 SnsGwlia BBB> 1170 1170 Spargos 66 68 68 Ct 29 31 31 SthnPac 76 —-. 76 Technomin 53 55 55 WMC 820 830 820 WalMin . — 216 215 WestSand 190 250 «— WhimCrk ■B-> 560 — AOG 250 260 250 Ampol —— 500 500 Beach — 60 60 Claremont 92 95 95 Crusader — 285 280 Cultus 45 «BB 45 Expo no 115 no Hartogen 260 265 265 Magellan 355 360 Magnet 8 10 8 PekoOil 160 165 160 Petroz 7 8 8 Santos 630 — 630 Vamgas WeeksPet 350 1400 355 350