AUSTRALIA Investors target industrials

Press, 5 March 1988, Page 29

AUSTRALIA Investors target industrials

NZPA-AAP Sydney The national sharemarket closed firmer with investors concentrating mainly on leading industrial stocks yesterday.

Brokers said , despite overnight falls in London and on Wall Street the local market had outperformed most expectations. "There were more buyers in the market throughout the session." one said. : 1

By the close of trade the all ordinaries index had advanced 5.1 points to 1298.5 and .the all industrials index had risen 6.1 points to 2115.5. The all resources index was up 3.S points at 684.1 and the gold index gained 6.1 to 1535.6.

National turnover was 101.46 million shares worth sAustls7.43 million and rises outnumbered falls 432 to 337.

Brokers said demand for interest rate-sensitive industrial stocks was still high, influenced mainly by a strong Australian dollar.

The banking sector improved during trading, with ANZ gaining 1c to 394 and Westpac 4c to 538. while NAB was steady at 493.!

BHP lost 2c ■ to ! 680, Bell Resources was steady at 101 and the Bell Group 1 slid 3c to 180.

Among the transport stocks. TNT and Mayne Nickless each slipped 6c to 432 and 520 but Brambles gained 6c to 860.

News Corp pulled the media index down, after falling 20c to 11801; Industrial Equity was up 7c [to 155.

Cumberland Credit was up

3c all 90 after news of FAI Insurance's 90c a share offer. FAI was steady at 450. AFP

Investments was steady at 102 as about 2.28 million shares traded.

Closing quotes Dividends P/E Year’s BuySell Sale Cents Yld% ratio high lou 398 405 398 AC1 17.00 4.27 16.0 415 36 IOj'1 102 102 AFP — 48.6 110 7 41,0 420 420 AGC 11.00 2.62 12.8 425 24 169 170 170 ANI 9.33 5.49 9.1 175 14 438 450 — 91 nts 34.10 7.79 — 450 381 314 320 — 96 nts 30.50 9.65 . — 340 30' 3S0 394 394 ANZ 21.00 5.33 7.2 395 33' 235 230 230 AWA 10.50 4.57 — 240 18f 108 110 110 Acmex 10.00 9.09 7.9 130 101 450 455 450 AdelStm 36.00 8.00 3.4 460 40( 83o — — Adtiser 12.00 1.36 36.2 880 851 l?0 165 — Alcan 7.00 4.76 7.4 150 131 75 85 •— Alkair — — 14.6 45 3f J8 19 18 Alpha — — 9.5 19 11 704 , 790 790 Amatil 24.40 3.09 12.3 790 65( 770 1 — — B 24.40 3.17 12.0 704 701 395 ' 397 400 Amcor 21.00 5.29 11.3 420 354 3t>5 370 — Ampol 7.50 2.05 10.1 370 321 — 90 — ApexPac 6.00 6.67 22.5 100 10( — — — Argo 11.00 5.00 23.4 222 • 205 36 37 37 Ariadne 10.00 7.03 1.2 52 3( 4i52 455 452 Arnotts 15.50 3.43 18.4 470 , 401 230 260 — Arrowfeld 10.00 4.00 10.8 300 25( —. 140 — pref — — —- 140 , 14( 112 115 ■ — AFound 5.50 4.91 20.4 115! 102 33 38 — AustOvrs 1.00 2.94 39.1 34 1 31 (80 — 680 BHP 31.25 4.60 12.8 734 628 32 35 — BTGlobal 2.00 6.25 4.7 32 30 760 770 760 BTR 15.00 1.97 16.1 770' 60( '-75 280 — BankQld 15.00 5.45 12 2 275 260 17 43 43 Barwon 2.50 5.81 193 43 43 80 184 180 BellG 10.00 5.56 2.4 190 130 —— 1100 — pref 39.00 3.55 — ■ —; — 01 102 101 BeliRes 12.50 2.38 — 165 97 1 9 — Bisley opt — — — 3 1 63 165 163 BondCorp 12.00 7.36 6.6 185 149 -— 52 50 BondMed -— — 29.4 60 45 8 10 8 opt — —_ —. 12 8 394 395 394 Boral 18.00 4.57 11.8 396 325 {135 — — Botena — —- 4.6 140 120 860 870 860 Brambles 28.00 3.26 14.2 870 740 842 — 840 90 nts 30.75 3.65 — 840 750 362 400 370 BrickP 9.00 2.43 19.0 370 310 115 — 120 Brierley 9.20 7.67 4.9 190 100 245 250 250 Bundabdrg 7.00 2.80 23.1 290 220 400 405 400 BurnsP 10.00 2.50 11.0 410 360 38 40 — CRP — — • — 40 32 425 — — CIG 17.00 4.00 14.3 430 400 350 355 350 CSR 20.00 5.71 14.3 360 305 243 252 250 Cadbury 7.00 2.80 20.7 252 225 66 — 70 ChaseCorp 11.87 6.96 1.8 98 58 38 43 40 Claradeen — —- 10.0 72 35 95 100 — ClytnRob 6.00 6.00 5.7 155 70 1141 142 140 Clyde 11.25 7.98 10.1 165 140 370 — 365 CoalAll 20.00 5.41 7.4 365 320 664 670 670 ColesM 24.00 3.58 13.8 686 570 263 265 265 Comalco 15.00 5.66 10.7 280 220 125 160 — CorpEquit ■— — — 160 125 60 — — opt •— — — 130 . 13 7 8 — Cortaus •— — 1.7 10 . 1 230 — 230 Costain 10.00 4.35 11.8 250 185 45 5! 45 DeakMorg 5.00 1.11 3.1 60 40 250 255 — EDunlop 8.00 3.14 15.8 260 225 40 44 40 Eastcourt — — 6.0 48 28 341 342 340 Elders 19.00 5.57 6.1 346 270 300 305 305 Email 12.70 4.16 12.5 305 230 78 80 79 Equitcorp 2.50 3.16 3.3 85 75 1 . 50 — 50 EuroNat — — 1.9 55 40 450 455 450 FAI 8.00 1.78 8.8 590 400 — — — Feltex 12.88 5.15 5.2 250 250 90 95 90 FineMet — — 6.9 106 80 396 400 400 Fletcher 21.62 5.41 8.9 405 362 95 — ■ 95 Fortuna 12.42 3.07 4.3 120 90 278 280 280 GPT 23.20 8.29 12.1 290 270 238 240 238 Goodman 11.00 4.62 10.7 292 185 — 49 45 HDFI 10.00 2.22 2.0 80 45 150 155 155 Hanimex 12.00 7.74 9.7 160 125 305 310 305 HardieJ 18.00 5.90 11.3 310 245 190 200 — HelmCorp 1.00 .53 47.5 190 160 35 50 — Hitek — — 38.2 45 35 220 222 220 Hooker 15.00 6.82 5 9 220 168 245 254 245 Humes 13.00 5.31 12.5 260 200 1850 900 — IlProp — —- — 1870 1650 478 490 478 ICI 20.00 4.18 12.7 480 400 70 75 — lELGrwth 5.76 8.23 12.2 70 70 73 — — lELIncme 11.52 5.78 6.3 73 73 75 80 — ImaginT 3.00 3.75 8.0 80 70 154 155 155 IndEquit 10.00 6.45 4.6 170 130 ■ 75 85 80 InterPac 7.75 9.69 101 60 77 80 80 Intrchase — — — 80 70 170 180 180 Jasco 5.00 2.78 11.1 180 170 240 245 240 Jennings 10.00 '4.17 13.6 240 175 576 ■580 580 JonesDav 36.00 6.21 2.9 ■ 586 520 ,78 82 75 JonesRbt 4.50 5.77 6.1 115 7’? — 88 88 Jonray 4.00 4.55 6.4 90 80 208 215 210 Kern 5.50 2.62 6.8 220 150 — 100 — Kimberley — — — 100 100 — 9 Larchill 8.00 4.44 0.2 70 18 — 20 — Lrchhillo — — — 10 32 34 — Leda — — 31.2 50 35 60 61 60 Leighton < — 9.7 62 44 1155 1160 1160 LLease 46.00 3.97 14.7 1175 1010 275 280 275 Linter 20.00 7.27 7.5 280 225 520 526 520 MayneN 21.00 4.04 11.9 526 435 115 120 120 McPhsn 7.50 6.25 10.3 125 110 240 275 — Mem tec 1.00 .40 6.1 250 200 285 — 285 NZFor 11.96 4.20 11.6 300 260 142 150 150 NZICorp 9.66 6.44 6.9 185 136 490 493 493 NatAust 24.75 5.02 7.3 495 400 245 255 250 NatCons 18.00 7.20 4.8 250 215 1180 1185 1180 NewsCorp 8.00 .68 9.2 310 040 290 295 290 OPSM 11.50 3.97 16.3 300 255 23 25 — Oakbridge — — — 28 17 418 ,419 418 PacDunlp 14.00 3.35 12.9 424 352 50 55 55 Parbury — — — 70 50 246 250 246 PetersSl 17.00 6.91 9.0 260 213 253 255 253 PioneerC 12.50 4.94 8.5 270 210 426 — 425 QBE 14.00 3.29 10.5 425 380 425 450 — Qintex 12.00 2.82 22.3 450 410 190 218 218 ReiiCorp 3.00 1.38 11.7 245 200 10 15 — ReiiCorp — — — 15 10 — — — Renouf — — 20.0 190 180 240 245 240 Rheem 9.50 3.96 15.6 240 175 — 25 — Rocadoln — — — — — — 100 — Rocadoln 12.50 2.50 — 100 100 — 20 — .Rocadoln — — . — — — — 750 740 Rothmans 24.00 3.24 11.9 750 640 65 70 65 Rothwells 24.00 6.92 1.2 78 60 350 355 355 SmithHwd 20.00 5.63 18.3 355 270 450 465 450 SthnFarm 10.00 2.22 '9.6 510 400 21 25 20 Stockbge — — — . ■ 40 15 .— — — Stockbgeo — — — 5 5 18 25 — TAGPac — — 4.7 25 15 430 432 432 TNT 15.00 3.47 10.7 445 370 150 180 — Taylor 10.00 6.58 2.7 175 140 57 — — USMaster — — 76.0 60 50 514 580 — UnioncC 23.00 4.47 9.3 514 450 56 60 60 UnityCrp 5.00 8.33 — 65 56 21 25 — Vapocure — — — 30 21 25 30 — Vestcorp 4.50 8.00 1.1 50 25 11 12 12 Viking — — 12.0 16 10 28 30 28 Walton — — — 31 24 355 364 358 Wattyl 10.50 2.93 13.3 365 335 — 170 — WestCptl 2.00 1.21 17.1 200 165 570 580 570 WfieldHl 7.50 1.32 23.3 580 470 178 180 178 WfieldTr 16.92 9.51 10.5 190 163 75 80 80 Westmex 5.00 6.25 7.1 80 60 536 538 538 Westpac 28.50 5.30 7.3 546 450 58 60 59 WfldCap 3.00 5.08 4.8 60 45 235 241 238 Woolworth — — — 248 200 138 140 138 Wormaid 20.00 4.49 5.1 150 105 1 32 33 33 AUR 2.00 6.06 4.5 56 32* 280 282 280 ACMins — — 18.1 465 265 350 365 365 Aberfoyle 5.00 1.37 24.3 470 340, 123 124 124 Ashton — — 8.4 155 100 135 140 — AustDevl — — — 210 135 75 76 76 BHPGold — , — . — 105 68 35 40 42 Bendigo i — — 70 40 — 30 — Ct 1 — — 28 28 — 20 20 91 opt i — — 70 19 12 20 — 96 opt . — — 45 10 312 315 310 Bougainvl 35.651 1.43 8.8 415 270 99 100 99 CNGold 4.00i 4.04 9.5 140 80 578 580 580 CRA ■ 15.00 2.59 9.4 680 447 78 80 — CarrBoyd 6.00 7.50 11.4 105 70 41 42 41 CityRes 8.00 9.51 —4 50 28 9 3 3 ConsRes — — — 4 2 610 — — ConsRtle 45.00 7.38 7.7 640 580 22 24 24 DeltaG — — — 40 22 9 —— 9 opt — — — 18 ~8 97 100 100 Dominion —— — ■ — 130 80 232 235 232 ERA 10.00 4.31 18.4 260 220 235 238 236 EldersRs 7.00 ,2.97 13.2 237 205 220 225 220 Emperor 22.00 — 4.4 370 205 155 165 160 Forsayth 10.00 6.25 6.7 217 140 185 190 185 GMKalg 24.00 2.97 6.5 340 185 80 85 82 GiantRes — — —— 16 4 170 — Hill50 —— — 29.1 240 160 ■ 180 180 JasonMin — — — 315 175 155 18 — Jlana —- — — 25 14 34' 37 36 KiaOra 4.00 1.11 18.0 46 34 400 402 401 Kidston 28.00 6.98 7;1 480 340 35 48 — Kitchener — — — 60 50 26 — KiwiGold — — ■ — 30 25 157 160 158 MIM 4.00 2.53 31.6 208 128 192 195 190 MetalsEx — — 12.9 200 190. 676 680 680 Metana 20.00 2.94 18.9 000 580 35 40 — Moruya — — — 40 28 380 380 Niugini — — 22.2 600 330 86 87 86 Nqranda — — .: — 200 83

252 255 255 NBH 9.00 3.53 19.3 270 215 51 53 52 NthKalg 1.99 3.83 7.9 82 50 540 550 580 NthFlndr 50.00 9.09 10.8 700 550 18 .20 — Otter — — — 39 18 152 160 160 PaneontM 2.50 1.56 11.9 210 150 70 -— •4 Paragon — — — 78 65 80 85 — rts — — — — 46 _■ ! — opt — — ! 58 45 — 1110 110 Paringa 39.60 6.00 0.9 210 100 760 1 —■ 754 Peko 22.00 2.89 12.9 766 660 136 137 137 PlacrPac 1.50 1.09 19.0 240 122 240 245 240 Poseidon 10.00 4.17 16.0 275 185 120 122 120 QldCoal 15.00 2.50 8.0 122 105 610 620 620 RGC 15.00 2.42 14.4 980 580 570 574 574 SnsGwlia 50.00 8.71 7.7 760 500 32 33 33 Sparges — ■ — —; 38 24 33 : , 33 SthnPac — — —i 35 25 10 ■IS — Technomin — — ; —I 23 18 — 115 — TitanRes —— — —. 20 14 — ; 9 9 opt - — — - —» 5 2 466 468 466 WMC 20.00 4.29 36.1 620 386 90 ioo — WalMin — : —- 150 90 — 1601 — WestSand 8.00 5.00' 8.5 165 125 62 i 64l ; 62 AOG — — 8.2 77 55 275 R 278 AmpolExp — — 22.4 310 265 30 31 30 Beach 1.50 5.00 11.1 331 28 69 '71 70 Bridge — —i — 1 82 55 24 24 opt — —' -440 18 25 26 25 Claremont 3.50 4.00 8.3 38 25 105 110 110 Crusader 2.50 2.27 19.0 131 100 12 —i. — Cultus —— — — 22 16 40 42 40 Expodd 6.00 5.00 3.9 47 38 170 172 172 Hartogen — 20.0 180 140 — 13 — LreachO —1 ; 300 —— 310 Magellan — — 85.4 320' 240 4 6 — Magnet — — — 10' 5 98 10,0 100 OilSch — — ■ i >■ 100 65 91 93 92 PekoOil — — 46.0 102' 80 2 3 2 Petroz — — — q 2 385 i 388 388 Santos 18.00 4.64 10:5 42Q 360 285 1 290 285 Vamgas 6.00 2.11 2711 29(1 210 1020 1050 — WeeksPet ;— — 519 1 — 144 j 148 150 Woodside — — 165 115