Aust, follows Wall St up

Press, 22 July 1988, Page 16

Aust, follows Wall St up

NZPA-AAP Sydney The Australian sharemarket closed higher, with heavyweight miners and gold stocks propelled upward by steady bullion and rising base metals prices. Brokers said investors were also encouraged by firmer performances in Wall Street and London overnight, although the Tokyo market remained flat. The local market was dominated by strong overseas interest in the resources stocks, particularly Western Mining and MIM, but there was only selected buying on the industrials board. By the close of floor trading, the all ordinaries index was 10.1 higher at 1632.1. The gold marker jumped a strong 37.8 or 1.8 per cent to 2034.2 and the all resources . was 10 higher at 906.1. The all industrials added a modest 9.2 to 2588.4. Volumes remained fairly low, reflecting a lack of selling and general caution in the market. A total of 111.50 M shares worth sAustl67.B6M changed hands and rises exceeded falls by about seven to five. MIM dominated trading on turnover of 5.44 M shares, mostly in overseas buying. MIM rose 11c to 215. Western Mining surged 26c to 674 as 1.85 M shares traded, CRA Bank injection The Reserve Bank yesterday injected J2OM into the wholesale money market by purchasing sellbacks maturing August 1 at 16.20 per cent. Bids totalled JI9OM. Latitat wins The Latitat No. 4 offer for all the issued capital of Angora Corp N.Z., became unconditional on the acceptance date. Latitat now has 94 per cent of the capital and has urged remaining shareholders to respond to the offer. Landmark gain A property owned by Landmark Corporation was sold before an auction in Sydney for JNZ26.3M to an undisclosed private Australian investor. Landmark bought the La Salle building in June last year for JNZIS.9M. The New Zealand company’s other central business district property was expected to be auctioned in mid-August for a similar return.

was 24 higher at 944 and Comalco was up 16c at 472. Industrial Closing quotes Buy Sell Last sale AFP 107 110 107 ANI 199 200 200 91nts 4475 500 480 96nts 345 — — ANZ 500 502 502 ,AWA 278 280 278 Acmex 125 130 —— AdelStm 690 696 696 Alcan 265 270 265 Alkair 132 — •— Alpha 20 22 20 Amatil 870 880 876 Amcor 495 496 496 Ampol 358 370 — Apex 82 —■ Argo 260 265 — Ariadne 23 24 24 Arnotts 500 510 510 Arrowfled 310 315 — 89nts —— 100 — AFound 145 148 148 BHP 844 848 846 BTGlobal 37 40 37 BTR 856 860 860 BankQld 322 — 322 BellG 255 265 263 pref 850 — — BellRes 165 166 165 Bisley opt 2 — —- Bondcorp 212 215 213 BondMed 81 82 81 91opt 6 7 — Boral 502 506 506 Brambles 1040 1045 1040 90nts 1065 —- 1065 BrickP 370 409 370 Brierley 131 — 131 Bundaberg 335 340 '340 Burns 376 380 375 CIG 450 460 — CSR 480 483 483 Cadbury 345 350 345 Chase 95 98 96 Claradeen —- 75 — ClayR 135 150 — ClayRPT 35 37 37 Clyde . 123 125 1?3 CoalAll 300 400 —— ColesM 970 984 980 Comalco 470 478 475

CorpEqit — 195 — 91opt 100 —— — Cortaus 4 5 4 Costain 380 — 380 AUR 38 42 40 ACMins 345 348 348 Aberfoyle 620 630 634 Ashton 160 162 160 AustDevl 182 190 — BHPGoid 84 85 85 Bendigo 31 32 31 Ct 3 5 — 88opt 5 8 — 89opt 3 10 — Bougainvl 440 445 440 CNGold 100 101 100 CRA 944 946 944 CarrBoyd 70 72 70 CityRes 42 43 42 ConsRes 20 26 26 ConsRtle 860 —— — DeltaG 55 56 53 89opt — 35 — Dominion 173 180 175 ERA 265 275 265 EldersRs 250 255 250 Emperor 305 315 315 Forsayth 242 250 245 GMKalg 185 186 186 GiantRes 130 132 132 88opt 2 3 — Hili50 165 180 —— JasonMin 105 no 110 Jlana 22 23 22 KiaOra 32 35 35 Kidston 400 405 400 Kitchener 42 45 — KiwiGold 11 15 12 MIM 213 214 215 Metals 185 — — Metana 840 850 850 Moruya 46 48 48 Niugini 410 415 415 Noranda 80 81 80 NBH 340 345 340 NthKalg 51 52 52 NthFlndr 930 940 940 Otter — — 25 Pancont 220 228 225 Paragon 72 75 72 89opt 46 55 — Paringa 185 190 195 PlacrPac 240 241 240 Poseidon 235 238 240 QCTRes 118 119 — RGC 950 — 950

SnsGwlia 720 730 730 Spargos 22 26 26 SthnPac — 45 45 Technomin 16 — 16 TitanRes 12 15 12 89opt 3 5 3 WMC 672 676 674 WalMin 120 130 130 WestSand 250 275 250 AOG 67 70 70 Ampol 280 285 280 Beach 29 30 29 Bridge 102 104 103 89opt 52 53 52 Claremont 29 30 30 Crusader 145 148 145 Cultus 15 25 — Hartogen 160 168 160 Longreach 4 — — Magellan 290 295 290 Magnet 7 8 — OilSch 118 119 119 PekoOil 136 137 137 Petroz 2 3 3 Santos 445 447 445 Vamgas — 285 — WeeksPet — 1100 —- Woodside 188 190 188 EDunlop 240 245 — Eastcourt 20 25 —— Elders 326 327 326 Email 410 414 410 Equiticorp 60 65 — EuroNat 45 —— 50 Expo 39 40 40 FAI 430 435 435 FinMet 90 100 95 FCh 405 410 410 Fortuna 170 195 195 GPT 284 285 285 Goodman 258 260 260 HDFI 20 30 — Hanimex 250 255 — Hardie 320 324 320 Helm 237 240 240 Hitek 90 92 90 Hooker 230 235 230 Humes 250 254 254 Ilprop 1800 1820 1830 ICI 690 700 690 lELGrwth 125 — — lELIncme 85 — — Imagin 145 150 150 IEL 189 190 190 InterPac 41 55 — Intrchase 170 175 170

i Jasco 220 226 — i Jennings 265 268 265 i JonesDav 910 920 920 i JonesaRbt — 95 95 ! Jonray 81 83 — 1 Kern 215 223 220 I Kimberley 60 90 — 1 Lrchhill 20 ■ —— — 1 90opt — 2 — ) Leda 57 60 55 ) Leighton 75 76 76 » LLease 1395 1400 1400 1 Linter 340 — — > Mayne 654 656 654 1 McPherson — 125 125 i Memtec 220 225 225 NZFP285 — — ) NZI 120 125 122 NatAust 624 626 626 ) NatCons 284 285 285 NewsCorp 1120 1125 1120 ) OPSM 285 290 285 1 Oakbridge 23 24 — J PacDunlp 455 456 455 j Parbury 86 88 — Peters 268 270 270 Pioneer 335 338 338 J QBE 520 524 524 Qintex 430 440 440 ReilCorp 196 200 196 3 92opt 12 —— 12 ) rothmans 860 890 890 Rothwells 69 70 70 3 SmithHwd 332 — 332 3 SthnFarm 300 320 320 5 Stockbge 40 45 40 5 89opt — 20 — J TAGPac 23 28 — 5 TNT 472 473 472 5 Taylor 170 185 175 8 USMaster 50 — 53 UnionC 594 598 594 Vapocure 12 15 15 0 Vestcorp 34 — — 0 Viking 14 15 15 9 Walton 28 29 —— 9 Wattyl 430 439 — 4 WestCptl 195 205 —— 9 WfieldHl 395 400 399 0 WfieldTr 192 193 192 Westmex 138 140 140 Westpac 652 654 654 0 WfldCap 83 — 83 0 WilNeill 54 55 55 Woolworth 330 335 340 0 Wormaid 190 192 190