AUSTRALIA Institutions resume buying industrials

Press, 24 March 1988, Page 34

AUSTRALIA Institutions resume buying industrials

NZPA-AAP Sydney The [Australian sharemarket yesterday resumed its firm trend and closed higher as local; institutions I made their buying presence; felt in the industrial sector. i| Brokers said the market opened [easier because of profit-taking and a quiet close on Wall Street overnight, but recovered strength later) in the mdrriing session. "Some) stocks closed off their highs for the day but trading volumes were solid,” one broker said. By the! close of floor trading here the all-ordinaries index was up 6.1 points at 1427.0 and the all industrials index ha!d gained 18.5 points to 2300.7|! The I all-resources index, however! closed 2.2 points down at); 767.6 and the gold index! lost 4.8 to 1740.7. II National turnover was 136.4 M! I) shares, worth sAust269l;22M. Rises outnumbered falls 284 to 238. The mlarket was buoyed by gains among leading indus-

trial stocks and takeover activity. . j News Corporation climbed 80c to 1350 after recommendations from Wall Street share brokers for the stock. FAI rose 20c to) 510 as 19.85 M shares traded. An investor. Mr Joseph) Gutnick, confirmed that he ;had sold his stake in the company, j Bell Resources rose )7c to 172 after Sir Ron Brierley, pf Industrial; Equity, hinted at improvements to his ; joipt SAustB2sM bid for the!company. ! . Elsewhere on the [takeover front, 10c gains took Rheein arid its suitor, Emajl, to 260 arid 350 respectively: . | Adelaide Steamship rose jc to! 591, Tooth was steady at 720 and its suitor, Petersville Sleigh, was unchanged at ,250. David Jones was up 10c to 8io: I- i X ■ | i [Ariadne was 1c higher at 38c in spite of a net[ssoB.99M loss for the half-year. I , , I )The banks were all highpr. Westpac rose 16c to 566, the ANZ 8c to 444, and NAB 10c

to 538. i . . || X X j Gold stocks were mixed but easier; ori balaripe. Metana lost 30c to 830, Niugini 20c to 440, arid poseidori 15c! tb 245, but Bougainville; rose sc| to 335. | Oil stocks were mixed. Santos slipped 5c tp ) 415 and Woodside :2c to j'fO, but Ampol Exploration |rbse| |sc[ to 315 - I ! I II IJI

Biasing 1 Indust -lai quotes | .ast Buy Sell sale ACI 405 ■ — 405 AFP 17 118 117 | AGC 4*t0 ■ — 440 ANI 1701 172 170 91nts 438 448 — 96nts 314 — — ANZ 44? 444 444 AWA 2*17 250 250 Acmex 135 140 —— AdelStm 594 600 600 Alcan 185 190 Alkair | 85 ■ — 80 Alpha H 118 : 19 18 . Ama til 850 860 860 , B 768. 1 — — Amcor 425 430 430 Ampol 360 365 360 1 85 — j Argo 215 240 240 Ariadne 1 36 138 37 Arnotts 466 — 465 Arrowfeld 200 — 210 pref* 100 140 — AFound 120 130 AustOvrs 1 36 ! 37 37 1 BHP '748 750 7501 BTGlobal 35 ■-i-. — BTR 910 920 920 ‘ BankQld 290 — — Barwon 1 — 4’2 40 BellG 177 — - 178 pref ! —— 120'0 — BellRes 172 17,4 172 | Bisleyopt 1 2 4- — BondCorp 168 172 172 BondMed 55 57 55 opt 9 10 — 1 Boral '430 432 430' Botena !160 —■— — Brambles 942 946 946 90nts 940 4940 BrickP i 375 380 —, Brierley ■ 128 129 128 Bundaber 250 260 255 BurnsP 415 419 415 CRP 38 40 —

CIG 420 i.— — CSR 375 376 376 Cadbury 286 289 289 Chase 93 95 95 Claradeen 55 60 60 ClytnRob 130 140 140 Clyde 144 145 145 CcialAll 410 420 — ColesM 740 750 750 Comalco 315 320 320 CorpEqit — 180 180 opt 80 100 — Cortaus 5 7 5 Costain 380 382 380 DeakMorg 50 55 50 EDunlop 250 255 250 Eastcourt 38 40 40 Elders 304 305 305 Email 348 350 348 Equitcorp 75 80 76 EuroNat 85 90 85 FAI 500 510 510 FinMet 80 90 85 FCL 420 425 428 Fortuna 135 138 135 GPT 278 285 284 Goodman 255 258 258 HDF1 .— 47 45 Hanimex 170 180 180 HardieJ 322 325 325 Helm 230 235 225 Hitek 60 — —» Hooker 249 250 250 Humes 245 250 245 HProp 1900 — 1950 1CI 520 526 520 lELGrwth 80 — — lELIncme 76 — — ImaginT 86 88 86 IEL 156 167 167 InterPac 100 — 100 Intrchase 95 98 98 Jasco I 175 — — Jennings 238 240 240 JonesDav 800 810 810 JonesRbt -1— 120 120 Jonray 88 90 88 Kern ; 250 255 255 Kimberley — 100 — Lrchhill 30 60 — opt ■ J 3 — — Leda 45 — 45 Leighton 61 62 62 LLease1240 1250 1250 Linter 342 345 345 MayneN 556 558 556 McPherson 133 135 — Memtec 270 280 — NZFP 300 310 —- NZI 165 172 170 NatAust 534 536 534

NatCons 270 280 280 NewsCorp 1345 1350 1350 OPSM 283 285 283 Oakbridge 28 30 28 PacDunlp 428 430 428 Parbury 56 58 56 PetersSl 245 250 250 PioneerC 283 285 285 QBE 450 452 — Qintex 445 450 445 ReilCorp — 218 — 1 opt —. 12 — Rheern 260 265 260 Rocadoln — 15 —- 1 nt — 100 — Rothmans ! 770 800 Rothwells 60 70 60 SmithHwd 350 355 350 SthnFarm 470 490 —- Stockbge 25 45 30 1 opt 5 —- —— TAGPac i 25 28 25 TNT i453 455 455 Taylor 160 195 195 USMaster 60 65 60 UnionC 524 600 —1 llnityCrp 75 —- —■ Vapocure 20 —— 20 Vestcorp 28 30 30 Viking 10 14 12 Walton 27 28 28 Wattyl 385 400 400 WestCptl —• 170 165 WfieldHl 666 670 —; WfieldTr 179 180 180 Westmex S 100 104 104 Westpac 1 566 — 566 WfldCap | 78 — 78 Woolworth 273 278 273 Wormald ‘ 175 178 175 AUR « ■ [40 42 42 ACMins350 355 355 Aberfoyle (135 440 440 Ashton 129 130 130 AustDevl 175 180 175 BHPGold ' ; 84 85 85 Bendigo [40 44 40 1 ct ... ’15 20 — 91opt 15 — | 96opt - 10 —— Bougainvl 335 340 335 CNGold 111 112 112 CRA . 670 672 670 CarrBoyd I 75 80 80 CityRes 36 — 37 ConsRes 3 . , 4 3 ConsRtle 630 660 — DeltaG 45 46 45 1 opt p 20 22 20 Dominion 118 120 120 ERA 1! 255 260 260

EldatsRs 240 242 243 Emperor 285 305 300 ForSam 163 165 163 GMKalg 182 185 185 GianiRes 96 '97 96 oJt !! * 3 5 I 5 HillSO 1 j; H 160 1*70 7* JasdriMin 180 : — 180 Jlanp ; 1. ■ 18 20 ■1— KiaGra ■; 34 38 35 Kidstom 1 i i 432 438 432 Kitchener i 50 1 — — Kiwi Gold i i 18 20 — Mid; 175 176 176 MetjilsEx i 195 200 — Medina i 820 830 830, Moruyai j 55 60 60 Niugini i i —: 440 440 Norahda 106 107 105 nbh: 265 267 267 NthKalg 52 53 53 NthFlndr 660 700 r— Ottef I : 18 —. 20 PancpritM 190 195 190 Paragon 70 72 170 80 85 Ln* 1 opt ' i 1 . 52 56 521 Parlnga■ — 145 •— PlaarPac 166 167 167 Poseidon ■ 245 248 21-45 Qldfdall 126 128 126 RGQ | 680 690 680 Snsffiwlia 660 670 660 Spaegos 34 135 35 SthnPac 44 45 ■43 Tecttiomi n 10 18 TitatiRes — 13 Li-i opt i 1 : 5 — WMf 534 536 536 WalMirt no 115 110 Wes Sand 155 — 155. AOGi I 1 1 . j 76 80 79! AmqolExp 1 ■ 315 319 3151 Beaah p 1 ■ 33 36 . — ■ Bridge 81 83 83 optl 31 32 32 Claremont 1 . 28 ■ 29 29. Crusader ; .j. 125 135 130' CUltlid:! I' 20 25 20 Expqdd 35 40 . — i Hartbgen 198 200 200 Lreathp' — 13 Magellan 305 310 — 1 Magnet':, 5 7 ; 6 OilScfi 1 110 — 110 PekqOil I 114 115 114 Petrci ■ ' 2. 3 3 Sant< si! | ■ 415 420 415 Vamgds — 285 WeeKSPet 1020 — 1 ~~ Woodside 170 172 1[7°