Aust, gold stocks do best

Press, 21 July 1988, Page 25

Aust, gold stocks do best

NZPA-AAP Sydney The Australian sharemarket yesterday closed lower for the second day running, although it managed to claw back some of its earlier losses in afternoon trading. Brokers said trading remained fairly quiet, although investors regained some confidence when Tokyo firmed up about 400 points, recouping most of Tuesday’s falls. The best performers yesterday were gold stocks, given a boost by improved bullion prices. Brokers said the market’s performance was slightly disappointing given the surge in bullion in New York. But investors were generally cautious with little local news to direct the market and uncertainty over the outlook offshore. Volumes remained low at 112.65 million shares worth sAustl72.l7M and rises barely exceeded declines. Most leading industrial stocks fell, although BHP held steady at 848 c from earlier lows and CSR was steady at 480 c. Bond Corp, which was believed to have bought a further 5.39 M shares in Bell Group, slumped 13c to 212 c while Bell Group was steady at 263 c. Bell Resources rose lc to 171 c and Bond Media also lc to 80c. Entrepreneurs were among the hardest hit, with Elders IXL off 2c to 327 c, Adelaide Steamship 10c to 686 c and Industrial Equity 3c to 184 c, although AFP gained 2c to 104 c. Banks rose from earlier lows, with Westpac up 6c to 654 c and the NAB 2c to 626 c as 3.26 M rights traded. However, the ANZ lost 4c to 500 c. Elsewhere, FAI and Amatii each fell 10c to 430 c and 890 c respectively and Brambles 20c to 1030 c. Renewed confidence in heavyweight resources lifted Bougainville 10c to 440 c, Closing quotes Last Industrial Buy Sell sale AFPlnvst 104 105 104

ANI 196 198 194 91nts 480 500 480 96nts 333 —— — ANZ 500 504 500 AWA 275 280 278 Acmex 125 130 125 AdelStm 684 686 686 Alcan 260 265 — Alkair 131 135 — Alpha , 20 22 22 Amatil 884 898 890 B 820 900 — Amcor 492 498 498 Ampol — 370 370 ApexPac 82 — 85 Argo 260 265 — Ariadne 23 24 24 Arnotts 510 520 510 Arrowfeld 310 315 — opt89 — 100 — AFound 145 150 148 AustOvrs 37 40 37 BHP 842 850 848 BTGlobal 37 40 — BTRNylex 838 — 840 BankQld 315 322 322 BellG 260 263 263 pref 850 — — BellRes 171 172 171 Bisleyopt90 2 — — BondCorp 212 215 212 BondMed 79 80 80 opt91 5 7 6 Boral 499 500 499 Brambles 1025 1030 1030 90nts 1050 1080 1060 BrickP 370 380 370 Brierley 126 128 127 Bundaberg 335 345 335 BurnsP 372 375 375 CIG 450 460 — CSR 478 480 480 Cadbury 333 333 333 ChaseCrp 96 98 96 Claradeen —— 75 —— ClayR 130 150 — ClayRPT 35 37 35 Clyde 123 125 125 CoalAll — 433 —— ColesM 956 960 956 Comalco 456 460 456 CorpEqit 190 — 195 opt91 100 — — Cortaus 4 5 —• Costain 380 — — EDunlop 240 245 245 Eastcourt 20 30 — Elders 327 328 327 Email 400 420 416 Equitcorp 60 — 60 EuroNat 45 60 50 Expo 38 40 38 FAI 425 440 430 FineMet — 97 — Fletcher 400 405 405 Fortuna 170 195 195 GPT 280 282 280 Goodman 265 270 263 H.D.F.I. 20 30 —

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opt89 — 20 — TAGPac 23 28 — TNT 466 468 466 Taylor 170 180 170 USMaster 50 52 50 UnionC 590 606 — Vapocure 12 15 15 Vestcorpdd 33 —— 33 Viking 13 14 13 Walton 28 29 —— Wattyl 430 440 440 WestCptl ■ — 205 — WfieldHl 390 400 400 WfieldTr 190 192 192 Westmex 137 138 137 Westpac 650 654 654 WfldCap 82 83 82 WilNeildd 52 53 53 Woolworth 340 350 335 Wormaid 185 187 185 AUR 40 42 — ACMins 344 345 344 Aberfoyle 636 640 640 Ashton 153 160 155 AustDevl 185 190 190 BHPGold 84 85 84 Bendigo 28 30 30 ctg 3 5 — opt88 5 8 6 opt89 3 10 — Bougainvl 438 440 440 CNGold 98 100 100 CRA 920 926 920 CarrBoyd • 65 70 70 CityRes —— 45 43 ConsResdd 20 27 25 ConsRtle 860 — — DeltaG 55 56 55 89 — 35 35 Dominion 162 165 165 ERA 265 275 265 EldersRs 255 260 255 Emperor 285 310 310 Forsayth 238 240 238 GMKalg 178 182 180 GiantRes 130 132 132 opt88 2 3 3 H11150 165 180 — JasonMin 102 110 110 J’lana 19' 23 —

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