AUSTRALIA Investors decide to take profits

Press, 23 March 1988, Page 41

AUSTRALIA Investors decide to take profits

NZP]A-AAP I | .Sydney* The national share] market’ closed weaker after] investors took' profits in] all sectors following three days of strong gains. ■ ; j !: I; ] ] ■ Brokers said I the profittaking was confined, to‘industrial; stocks earlier in the session but spread to the gold and;resource sectors towards the Close of trading. ‘ ; "Ttie market! needed- a breather after | three very, solid i trading | days,’' one broker said. ! By. the'close of floor trading 'the all ordinaries' index was down 12.9 points at 141.9.7 and the all industrials had | shed 30.3 - points to 22811.3. ] ' ! Ttie all resources index lost o.B] points to 768.6 while, the gold marker rose 9.8 points to ' 1743.3. ] National turnover was 143.82 M shares; ■ worth sAust2l4.s4M and -rises outnumbered falls ]293! to 240.| Takeover activity dominated trading. Adelaide Steamship was up IGci at '584 while Petersville Sleigh gained 15c to; 250 and its [target Tooth

was- a . steady 720. David Joines fell 20c. to 800 c following strong gains on Monday. Costain jumped 40c to. 380 c afjerl news of a 380 c a share bid .]■ from] its U.K. parent. Rheem lost 20c to 250 c its suitor Email firmed |2c to 340 c:, . ; " ] || j'" Bell Resources , rose 8c to 165c| after announcing it had ■ withdrawn its takeover ]. offer for Bel! Group, which i shed 13c to 165 c. About 2.2 M Bell Res 'phares traded. r Banks were among the worst hit in the selling, with Westpac falling 30c to 550 c, NAB 22c to 528 c and ANZ 14c to 436 c.: 1 I . I i Elsewhere, market leaders BMP shed 8c to 742 c. Elders IXL 'was down 7c at 303 c and •NjewplCorp lost 20c to 1270 c. ; Among, retail stocks. Coles Myeriwas down 16c at: 764 c and | Woolworths' lost 5c to 275c..i while; in the transport sector TNT fell 8c to 462 c and; Brambles lost 12c to 984 c. ’ i ■ Gold stocks were mostly higher in fine with a SUS 4 rise! in bullion prices overnjigtit. p[ p

quotes J D ividends P/E Year’s Buy Sell Sale Cents Yld% ratio high low 1405: — 405 ACI 1 7-00 4.20 16.3. 415 365 '118. 119 119 AFPInv st : i ; . — ■ 56.7 128 72 1430 ! • 440 AGC 1 LOO 2.50 13.4 445 240 1168 170 170 AN1 9.60 5.65 9.1 185 144 1438 448 1 — 91 nt 3 4.10 7.66 — ■ . 450 380 1314 • — 96 nt 1 3 0.50 9.10 . 340 302 434 436 436 ANZ ,1* 2 1.00 I .4.82 7.9 455; 332 1245 247 247 AWA i1 0.00 4.05 —. 255 185 135 145 143 Acmex I 1 0.00 6.99 10.3 146. 100 580 586 584 AdelStn 36.00 6.16 4.4 590 400 180 190 180 Alcan 7.00 3.89 8.8 180 130 1 n — — Alkair ■—• 14.6 7535 18 19 18 Alpha -— : 9.5 19 12 830 — 830 Amatil 24.40 2.94 12.9 830 650 768 , — 768 B 9 4.40 | 3.18 11.9 770 700 425 433 430 Amcor 2 i.ob4.88 12.2 455 354 . 360 365 360 Ampol I 7.5,0 2.081 10.0 370 320 ' — 85 ' — ApexPac 6.00 7.50’ 20.0 100 80 ; 215 —- -— Argo 1 1.00 4.58 25.5 240 205 : 37 .38 37 Ariadne 1 0.00 7.03 1.2 52 32 460 465 470 Arnotts 1 8.00 3.87 18.9 470 400 190 220 220 Arrowfield 1 0.00 4.55' 9.5 300 220 100 140 — opt ——■ -— — 140 140 115 — 130 AFound 5.50 4.23 23.6 130 102 i 36 38 36 AustOvrs 1.50 4.17 41.4 38 31 : 710 742 742 BHP 3 1.25 4.21 14.0 ’ 760628 35 ■— 35 BTGIobal 5.71 5.1 35 30 i 910 920 910 BTRNylex 1 5.00 1.65 19.3 920 600 290 ■ — 300 BankQld . 1 5.00 5.0(1' 13.3 300 260 40 — 40 Barwon dd 2.50 6.25 7.1 45 ■ 35 162 165 165 BellG 1 0.00 6.06 2.2 200 130 — 1200 — pref 3 9.00 3.71 — —i ; ■ 164 165 I 165 BellRes 1 2.50 7.58 —— 165 97 1 Bisley opt — — — 3 r 16S 172 170 BondCorp 2.00 7.06 6.9 185 149, 54 56 56 BondMed — — 32.9 60 45 9 10 —. opt — — — 12 8 429 430 430 Boral 9.00 4.42 12.9 455 325 160 — — Botena i—. — ' 5.5 165 120 960 964 964 Brambles • 8.00 2.90 15.9 980 740 - 880 — — 90 nts 0.75 3.49 — 880 750 375 380 380 BrickP 9.00 2.37 19.5 390 310 123 — 125 Brierley 9.20 7.36 5.1 190 100 250 260 — Bundaberg 7.00 2.75 23.6 290 220 406 412 410 BurnsP i 0.00 2.44 11.3 422 360 38 40 — C.R.P.Tr .— ■— — 40 32 412 —.■ — CIG i 7.bo 4.05 14.1 430 400 370 375 370 CSR J 0.00 5.41 15.1 395 305 270 275 275 Cadbury 8.50 3.09 19.0 278 ■225 95 97 97 ChaseCrp ij 1.87 2.24 2.5 100 58 50 60 50 Claradeen -— •—. 12.5 72 35 128 — 126 ClytnRob i 6.00 4.69 7.2 155. 70

143 400 . !45 ■ , I 143 Clyde 410 CoalAll 11.25 12.00 7.87 2.93 10.2 8.2 165 410 1140 !320 750 760 1 764 ColesM 2,4.00 3.16 15.7 800 570 328 330 330 Comalco 15.00 4.55 13.3 338 ;220 180 185 185 -CorpEqit 4.80 2.59 — 190 1125 80 100 4- !<W —L ■ — 130 1 13 5 9 |5 Cortaus 1.2 10 ! 5 380 385: 380 Costain 10.00 2.eb 1S.5 385 185 45 50, 50'DeakMorg 5.00 I—j- • 3.4 60 40 245 255 250 EDunlop 8.00 3.20 15.5 260 225 38 40 38 Eastcourl — —L 5.7 55. 28 . 303 304 303 Elders 19.00 6.27 6.7 360 270 340 342 340 Email 12.70 3.7-4 13.9 342 230 75 76 75 Equitcorp 2.50 3.33 3.1 85 75 . 85 90 85 Eurq-Nat — 1 3.2 105 40 490 495 490 FAI 8.00 1.63 9.5 590 400 —1-1 — Feltex 12.88 5.15 5.2 250 250 75 80 75! Fine) Met — —1— 5.8 106 75 430 434 434 Fletcher ! 21.62 4.9'8 9.6 450 362 130 135 135 Fortuna j 12.42 9.2'0 6.2 140 90 278 284 I 280 . GPTij" ' 23.20 8.2'9 12.1 290 270 255 260 i 255 jGpodman 11.00 4.3’1 11.5 292 185 45 47 47 'H-D.F.I. | 10.00 1.2'8 2.1 80 45 165 180 j 170 Hanimex) 12.00 7.0'6 10.7 180 125 330 335 i 330 Hardie J 18.00 5.45 12.2 355 245 225 230 ! 225 1 Helm Corp 2.00 .89 56.3 245 160 60 65 65 Hitek 1 — 59.1 65 35 248 249 248 Hooker 15.00 6.Q5 6.7 254 1 168 241 242 242 Humes 13.00 5.37 12.3 260 200 1900 1950 r— 1 111 i’rop J— — 1950 1650 516 520 516 ICI 20.00 3.88 13.7 532 400 80 — —. IEL Grwth 5.76 7.20 13.9 80 70 76 — -1 IEL Incme 11.52 5.1'6 6.6 73 73 85 88 - Imagin T 3.00 3.53 8.5 90 70 165 167 165 IndjEqui 10.00 6.06 4.9 170 130 90 100 95 Ihter-Pac 7.75 8.116 — 101 60 98‘ 100 100 Intrchase — — 100 70 170 — : — Jasco 5.00 2.78 11.1 180 170 240 — 240 Jennings 10.00 4.117 13.6 245 175 796 800 800 Jones Dav 36.00 4.50 3.9 820 520 120 — 120 Jones Rbt 4.50 3.75 9.4 122 72 ■ 88 90 . 88 Jonray 4.00 4.55 6.4 90 80 240 243 1 240 Kern 5.50 2.29 7.7 ■ 244 150 k. ; 100 ■ — Kimberley — — 100 100 30 •— • — Lrchhill 8.00 6.67 0.4 70 18 3 — I opt — T~ — . 10 2 ' 40 — 42 lledh 38.5 50 32! 61 62 — Leighton ■ : J_ 10.0 62 44 1260 260 II Lease 46.00 3.65 15.9 1280 1010 1 345 348 345 | 20.00 5.80 9.4 370 225 550 570 556 Mayne N 21.00 3.78 12.8 566 435 127 — 127 Mothers 7.50 5.91 10.9 127 110 270 280 280 Memtec! 1.00 .36 6.8 300 200 300 — NZ For 11.96 3.99 12.2 300 260 165 172 i 170 NZ1 Corp 9.66 5.68 7.9 185 136 526 528 J28 Nat Aust 24.75 4.69 7.8 556 400 280 290 290 Nat Cons 18.00 6.21 5.6 298 215 •1265 1280 1270 News Corp 8.00 .63 9.9 1330 1040, 283 285 283 OPSM 11.00 3.89 15.9 300 255 26 27 27 Oakbridge — 1 — — 28 17 426 428 426 Pae Dunlp 14.00 3.29 13.2 450 j 352 <55 65 56 Parbury 4.00 7.14 — 70 ! 50 ,245 250 250 Peters SI 17.00 6.80 9.1 275 1 213 1 285 290 285 Pioneer C 12.50 4.39 9.6. 300 ! 210 450 460! ;455 QBE 14.00 3.08 11.2 455 ' 380 440 450. 450 Qintex 12.00 2.67 23.6 450 ! 410 —— 218; — Reil Corp 3.00 1.44 11.1 245 ; 200 1 — 12j — 1 opt < • — — 15 10 — — Renouf — 20.0 . 190 180 250 260' 250 Rheem 9.50 3.80 16.2 270 175 . 15; — Rocado In — !— — 15 15 1 —- 100, — | opt 12.50 2.50 ■ — 100 100 — — 1 — nts . — k— — 20 20 770 8001 780 Rothmans 24.00 3.08 12.6 780 640 72 751 72 Rothwells — ■— .- 78 60 350 360! 365 Smith H 15.00 4.17 1S.6 380 270 470 490! 470 Sthn Farm 10.00 2.13 10.0 510 400 23 ■ 30' — Stockbge — — — 40 15 5 ' 5 j opt — .— — - 5 5 20 241 . — TAGPac — 'r— 6.1 25 j 15 460 462! 462 TNT 15.00 3.25 11.5 474 1 370 195 200' 195 Taylor 10.00 5.13 3.5 205 j 140 60 65 1 — USMaster — — 80.0 65 1 50 524‘ 600 — UnionC 23.00 4.39 9.5 560 450 75 —! — UnityCrp '5.00 6.67 -— 75 1 56 20 30i — Vapocure — — — 30 ! 20 28 .— 1 — Vestcorp 4.50 6.07 1.3 50 1 25 12 14' 12 Viking — •— 12.0 16 10 27 28 i 27 Walton ■ — ■ —- 31 1 24 400 400 Wattyl | 10.50 2.63 14.8 400 1 1 335 j.

! • zuu westcptl i i 1 2.00 II 11'21 i7.r 200 160 620 660 670 Wfieldill 1 7.50 E14 27.0 680 470 179 180 179 WfieldTr i 16.92 10.6 190 163 108 no no Westmex I 10.00 9.09 9.8 115 60 548 1 560 550 Westpac 1 28.50 518 7.4 584 450 75 80 75 WfldCap 3.00 4.00 6.0 85 45 275 : 280 275 Woolwor h 4 I —- 79.5 285 200 172 . 177 175 Wormaid 20.00 1.43 6.5 180 105 40 39 A.U.R. 2.00 5.13 5.3 56 :32 358 360 360 ACMins —L i— 23.2 465 265 425 — 425 Aberfoyl *; 5.0,0 1:18 28.3 470 340 126 f 129 126 Ashton 1 — 9.8 155 100 175 ! 180 — AustDevl — 210 135 85 J: 86 86 BHPGold — — 105 68 40 . 44 — Bendigo T1 — • — 70 35 15 i- 20 — ctg i ' -r I . — 28 15 6 f 15 13 88opt C — — 70 13 I — 10 — 89opt T-l I 1 —- - —— 45 10! 330 j 331 330 Bougainv 1 35.65,; j.80 9.3 415 270■ no 113 112 CNGold 4.00 3.57 10.8 140 801 676 680 680 CRA I 14.00 2.06 1 16.7 710 447! 78 J 80 80 CarrBoyd : 6.00 7.50 1 11.4 105 70 35 i 37 37 CityRes 8.00 1.62 — 50 28 3 4 4 ctg I _i_ — . — 4 2 630 — ConsRtle 1 45.00 7.14 8.0 640 580 46 ' 50 47 DeltaG : — .— — 48 22 16 ; 20 20 opt 1 ' _L — — 25 8 123 • 125 125 Dominior r ' 4' — — 130 80; — . 260 260 ERA j 10.00 3.85 20.6 260 220, 242 i 243 243 Elders Rs 7.00 2.88 13.6 245 205! 312 315 315 Emperor 1 22.00 6.98 6.3 370 205' 162 165 165 Forsayth I 10.00 6.06 6.9 217 140; 169 173 168 GMKalg 24.00 4.20 5.9 340 168 ; 86 87 86 GiantRes i' 4—1 — 140 75| — 5 — opt 1 |H — . 16 4I 160 — — HH150 | ■ —- 29.1 240 1601 180 185 180 JasonMin I ■ I y - — — 315 170; 18 20 18 J’lana 1 — 25 14; 36 40 40 KiaOra I 4.00 —J 20.0 46 34' 424 428 426 Kidston 28.00 6.57 7.6 480 340, 50 — -— Kitchene — 60 45' 18 22 — KiwiGold i it- ■ 1' : — ■ 30 18. 179 180 180 MIM 4.00 2.22 36.0 208 128; 195 200 200 Metals E x 4-1-4 17.6 200 190 830 850 860 Metana 20.00 2.35 23.6 1000 580 55 60 60 Moruya ■ ~ — 60 2§ 460 — 460 Niugini rr -4 11.1 600 330 95 98 98 Noranda FT — 200 75 265 267 265 North B 9.00 3.40. 20.1 279 215 51 52 52 Nth Kalg 1.99 3.83 7.9 82 50 690 700 700 Nth Find r 50.0’0 7.14 13.7 720 550 . 17 20 — Otter LL . ! — — 39 18 190 200 195 PancontiV 1 2.50 1.28 14.6 210 150 70 72 70 Paragon i — —. 78 65 80 85 — Paragon R -4 , — — —— —- 48 —— 52 opt — i —- — 58 45 — 150 145 Paringa 10.40 7.17 1.1 210 100 171 173 173 Placr Pa c 1.50 .87 24.0 240 22 250 260 260 Poseidon ic.bo 3.85 17.3 275 .85 125 126 125 Qld Coal 15.00 2.00 i. 8.3 130 05 685 695 680 RGC | 15.00 2.19 15.9 980 580 660 670 670 Sns Gwli 50.00 7.46 9.0 760 500 32 34 33 Spargos J— '. — — 38 24 45 50 — Sthn Pae -t— — 60 25 10 20 — Technomin • — 23 18 . — 13 — Titan Res i — — 20 12 1 5 ■ 1 opt L— — — 5 1 536 538 538 WMC 1 20'00 3.72 41.7 620 386 110 115 — Wai Min !— ! — — 1 150 90 150 155 — West San d 8.00 5.33 10.9 165 25 75 80 80 ADG i I—. . —L 10.5 83 55 306 307 307 AmpolExp p- — 24.8 310 265 33 36 — Beach I 1150 4.17 13.3 36 28 81 82 80 Bridge I— i — — 82 55 28 30 30 Bridge opt ; — — — 40 18 28 29 29 Claremont 3.50 2.07 9.7 38 24 125 — 125 Crusader 2.50 2.00 21.6 131 100 20 — 20 Cultus I ’ -t— — — 22 12 35 40 40 Expo dd 6.00 5.00 3.9 47 38 195 200 195 Hartogen '. — — 22.7 195 140 — . 13 — L’reach O ! — —- • —- : 13 | 13 305 310 — Magellan . ! — — 85.4 320 24b 5 , 6 6 Magnet 1 — — ‘ 10 5 103 104 103 Oil Sch I — — — 1 108 65 114 115 114 Peko Oil ; — — 57.0 117 80 2 3 3 Petroz | i- — —— 3 . 2 420 425 420 Santos 18.00 4.29 11.4 430 360 > 290 — Vamgas 6.00 2.14 26.7 290 210 1020 — — Weeks Pet 1— — 5.9 1050 1020 170 175 175 Woodside • T* 21.6 180 n )5