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Press, 1 December 1987, Page 51

ine Australian sharemarket closed firmer but off its highs as nervousness crept into local trading ahead of Wall Street tonight, brokers said. They said the early surge, fuelled by solid demand for gold stocks, gave way to scattered selling in late business, especially among blue chip industrials, despite a firmer Australian dollar. At the close, the all ordinaries index had firmed 6.2 points to 1328.1 after reaching 1342.3 during the morning, and the gold marker was ahead 148.7 points at 2301.7. The all resources index added 17.7 points to 810.8, while the all industrials indicator slumped 11 points to 1995.8. National turnover was a moderate 121.97 M shares valued at sAustlB2.lBM with rises outnumbering falls by around three to two. Brokers said the stronger 1 gold bullion price was the main factor in extending last week’s rally, but the recent fickle behaviour of the metal led to some profit-taking in late business. Leading the sector was Metana which closed with an 80c gain at 1040 c after peaking at 11.50. Other gold miners to stand out included Nuigini Mining, up 70c at 730 c, while 50c cent rises saw Barrack climb to 330 c, Emperor to 500 c Closing

quotes Last Industrial Buy Sell sale ACI 345 350 345 AFP 93 95 98 AGC 250 — — ANI 150 154 155 91 nts 430 440 —- 96 nts 320 — ANZ 365 368 368 AWA 240 250 — Acmex 195 250 AdelStm 460 470 470 Adtiser 830 850 —— Alcan 120 — Alpha 14 15 14 Amatil 640 646 650 B 642 — — Amcor 385 390 390 Ampol 270 275 275 Argo 205 210 210 Ariadne 55 60 60 Arnotts 387 410 388 Arrowfeld 275 300 — pref — 210 —— AFound 115 116 115