Aust. nervous
NZPA-AAP I j Sydney The ' Austral an sharemarket closed il itle changed over the week r. a nervous response ! to qnixed signals from, abroad i locally. By the I close of trade ori Friday, the all) irdmar-.es index was 0.3 points down at 1436.6. held in check by a 24.7 point fal in the ail industrials to 2: .92.9'. Demand for] heavyweight miners as gold bullion and crude oil prices rose on inflationary fears [isaw the gold marker jump [52.6 points to 1743.2 arid the all resources rise 16.0 to 78E 3 Big Australian BHP took centre stage late in the week, pulling the market down with a 24c drop to] 774 as it went
ex-dividend Banking stock dominated trade on the industrial boards. Westpac surged 76c to 596 as the ANZ fell 12c to 420 and the National Australia Bank 4c to 514 Elsewhere, property developer Hooker Corp rose Sc to 240 after the news that chairman. George Herstu. would have to lift his SAust2l7 million privatisation bid for the group following the rejection of his 230 ii a share offer by independent experts. Gold-related stock proved the winner over the week, with Metana up 40c to Sil) as Western Mining rose 28ci to 548 and Niugini Mining 30p to 420.
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Press, 26 April 1988, Page 37
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214Aust. nervous Press, 26 April 1988, Page 37
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