Australian blue-chips sought

Press, 16 August 1988, Page 25

Australian blue-chips sought

NZPA-AAP Sydney After drifting aimlessly for most of the day the Australian share market was marginally firmer by the close of floor trading, as investors chased blue-chip industrial stocks in the late afternoon, brokers said.

"There was never any selling pressure today but there was little buying interest as well,” one broker said. "On these quiet days it just takes a few stocks to push ahead to turn the market firm and that’s what happened this afternoon.” By the close of floor trading the all ordinaries index was 1.2 points firmer at 1625.7.

The all industrials was 8.2 points firmer at 2609 but the gold marker fell 8.1 points to 1884.3 and the all resources was down 3.5 to 880.6. National turnover was a thin 91.96 M shares worth sAustl3s.slM with rises and falls virtually even.

On the industrial boards, Coles Myer jumped 50c to 1100 with brokers saying heavyweight industrials would gain more support as the profit reporting period nears.

ICI was up 10c to 686 while 5c rises took Email to 440 and FAI to 435. Transporters Brambles and Mayne Nickless both improved, up 5c to 1040 and 4 to 654 respectively. However Lend Lease lost 20c to ' 1450, Goodman Fielder, bidding for Rank Hovis, fell 8 to 240, Newscorp dropped 5 to 1040 and market leader BHP was off 4 at 830. Banks were firmer, with

Westpac ending 4c up at 688, the NAB added 2 to 634 and the ANZ was steadv at 485.

Closing quotes Last Industrial Buy Sell sale ANI 194 196 196 91nts 470 490 — 96nts 350 360 350 ANZ 485 490 485 AWA 290 295 290 Acmex 150 155 155 AdelStm 694 700 700 Alcan 275 295 — Alkair 135 — —— Alpha — 22 — Amatil 840 850 840 B 850 870 — Amcor 500 504 504 ApexPac 88 90 — Argo 265 — — Ariadne 18 19 19 Arnotts 520 528 530 Arrowfeld 300 305 300 89opt 100 — — AFound 144 145 145 AustOvrs 31 33 — BHP 828 837 830 BTGlobal 37 — 37 BTR 902 910 906 BankQld 320 — 325 BellG 258 260 260 pref —■ 910 — BellRes 168 — 170 Bisleyopt 2 — — BondCorp 202 204 202 BondMed 68 70 70 91 opt 5 6 5 Boral 500 502 500 Brambles 1040 1045 1040 90nts 1100 — 1100 BrickP 402 408 402 Brierley 130 132 132 Bundaberg 300 310 — BurnsP 355 358 356 CIG 460 — 465 CSR 458 460 460 Cadbury 350 355 350 Chase 94 95 94 ClayR 150 155 150 ClayRPT 35 37 — Clyde 120 125 122 CoalAU 450 — — ColesM 1090 1100 1100 Comalco 465 466 465

CorpEqit 180 195 — Cortaus 4 — Duke 32 35 32 EDunlop 250 260 — Eastcourt 18 20 — Elders 338 340 339 rts 325 328 328 Email 435 440 440 Equitcorp 58 — 58 EiiroNat 55 58 55 Expo 36 40 37 FAI 435 — 435 FinMet 80 82 80 FCL 412 415 412 Fortuna — 180 — GPT 268 269 269 Goodman 240 245 240 HDFI 23 25 25 Hanimex 275 320 — Hardie 330 331 330 Helm 250 255 250 Hitek 100 101 100 Hooker 228 230 228 Humes 290 295 290 II Prop 1700 1750 1750 ICI 688 692 686 lELGrwth — 140 — lELIncme 81 — — Imagin 147 — 150 IEL 189 190 190 InterPac 30 32 30 Intrchase 160 170 — Jasco — 220 — Jennings 260 270 270 JonesDav 900 908 900 JonesRbt 86 88 88 Jonray 80 84 80 Kern 230 240 235 Kimberley 60 88 — Lrchhiil 22 — 22 90opt 1 — — Leda 54 56 56 Leighton 76 77 77 LLease 1450 1460 1450 Linter 320 — — Mayne 656 658 656 McPherson 123 126 125 Memtec 220 225 225 NZI 106 110 110 NatAust 634 636 634 NatCons 266 268 268 NewsCorp 1040 1045 1040 OPSM 282 288 288 Oakbridge 22 23 23 PacDunlp 460 465 460

Parbury 88 — 88 Peters 263 265 263 Pioneer 336 337 336 QBE 542 566 — Qintex 450 470 450 Reil 190 195 — 92opt — 10 — Rothmans 890 910 900 Rothwells 62 65 — SmithHwd 365 370 365 SthnFarm 311 315 310 Stockbge 45 50 45 89opt — 20 — TAGPac 25 28 25 TNT 468 470 468 Taylor — 195 190 USMaster 56 60 56 Union 572 590 — Vapocure 11 13 11 Vestcorp 39 45 — Viking 14 15 14 Walton — 30 —— Wattyl 412 420 420 WestCptl 205 210 — WfieldHl 380 390 — WfieldTr 182 184 182 Westmex 140 142 140 Westpac 684 688 688 WfldCap 95 — 97 WilNeill 51 54 51 Woolworth 330 335 330 Wormaid 178 180 180 AUR 42 44 42 ACMins 305 310 305 Aberfoyle 550 590 590 Ashton 168 170 168 AustDevl 210 215 210 BHPGold 80 81 81 Bendigo 25 27 25 nts 4 7 — 88opt 5 8 — 89opt 5 8 — Bougainvl 392 395 392 CNGold 105 106 105 CRA 950 960 950 CarrBoyd 86 88 88 CityRes 41 42 41 ConsRes 16 20 20 ConsRtle 930 — 930 DeltaG — 63 62 89opt 35 38 35 Dominion 146 148 148 ERA 270 275 270 Emperor 375 380 375 Forsayth 290 295 293

GMKalg 155 165 160 GiantRes 110 115 112 88opt 1 2 — Hi!150 166 — — JasonMin — 95 95 Jlana 17 22 — Kidston 350 356 350 Kitchener 42 — — KiwiGold 8 12 10 MIM 213 214 214 MetalsEx 180 — Metana 710 720 710 Moruya 46 48 — Niugini 375 385 380 Noranda 86 87 86 NBH 320 321 321 NthKalg — 45 45 NthFlndr 860 890 — Otter — 22 20 Pancont 185 190 190 Paragon 70 72 72 89opt 46 47 — Paringa 202 210 200 PlacrPac 225 230 227 Poseidon 225 230 230 QCTRes 120 124 120 RGC 988 1000 985 SnsGwlia — 690 680 Spargos 21 22 22 SthnPac 38 40 — Technomin — 17 17 TitanRes 15 18 — 89opt 5 6 — WMC 608 610 610 WalMin 155 158 160 WestSand 270 275 275 AOG 70 — 72 Ampol 258 269 258 Beach 28 29 28 Bridge 94 95 95 89opt 50 51 52 Claremont 28 31 28 Crusader 140 145 145 Cultus — 24 24 Hartogen — 155 155 Longreach 6 — — Magellan 280 285 280 Magnet 7 8 —— OilSch 109 110 109 PekoOil 145 148 145 Petroz 3 4 — Santos 418 420 418 Vamgas — 300 — WeeksPet — 1100 —— Woodside 180 185 178