Aust. closes near lows

Press, 24 August 1988, Page 41

Aust. closes near lows

NZPA-AAP Sydney Australian stock prices moved sharply lower in late trading in increased nervous; ness ahead of last night’s Federal Budget. Brokers said the sharemarket closed near the day’s lows, with losses posted in most major sectors in thin, featureless trade. They said the market lacked buyers and sentiment was also dented by a sharp downturn ■ on the Nikkei, which fell about 170 points. By the close of floor trading, the all ordinaries index was 14.9 points down at 1629.9, barely above the day’s low of 1629.8. The all industrials index dropped 21.3 points to 2618.8, the all resources fell 9.9 to 882.4, while the gold marker plunged 31.5 points to 1893.3. National turnover was a low 79.91 M shares worth

sAustl4o.B4M as falls outpaced rises by about three to two. The industrial sector bore the brunt of selling pressure with blue chips contributing to the decline. Market leader BHP fell 10c to 840 and News Corp dropped 25 to 1040. Profit-taking after last week's strong rises also took its toll on baiiks and special situation stocks. Among the banks, Westpac and National Australia dropped 8c each to 584 and 642, and the ANZ lost 6 to 500. Elsewhere, Coles Myer declined 15c to 1100, ICI lost 20 to 690, BTR Nylex 14 to 886 and Elders IXL 5c to 342. Insurance group FAI went against the trend, adding 10c to 440. AFP Group and Bond Media each rose 2, to 120 and 72. Bond Corp remained steady at 220 c.

Closing quotes Buy Sell Sale 202 205 202 ANI 470 485 — 91nts 360 385 360 96nts 500 502 500 ANZ 295 300 295 AWA 145 152 150 Acmex 740 750 750 AdelStm 265 275 — Alcan 135 —— — Alkair 21 —. 21 Alpha 850 856 850 Amatil — 870 — B 500 502 500 Amcor 88 90 — Apex — — Argo 18 19 18 Ariadne 534 540 540 Arnotts 300 305 Ar’wfeld 100 105 89opt 140 — 148 AFound 32 33 33 AustOvrs 840 842 840 BMP 39 40 40 BTGIobal 882 888 886 BTRNylex 325 — BankQld — 260 260 BellG — 900 — pref 168 169 168 BellRes 2 — — Bis’yopt 219 220 220 Bond 72 75 72 BondMed 5 6 — 91 opt 500 502 502 Boral 1045 1050 1045 Brambles 1105 — 1110 90nts 410 415 — BrickP 120 122 120 Brierley 278 280 280 B’daberg 355 358 355 Burns 460 —. — CIG 468 470 470 CSR 353 355 353 Cadbury 88 91 90 Chase 160 — 158 ClayR 37 38 37 ClayRPT 110 120 — Clyde 460 480 460 CoalAll 1100 1110 1100 ColesM 460 465 465 Comalco 185 190 —• CorpEqit — — —— 91opt 5 6 — Cortaus 30 32 — Duke 260 — — EDunlop 18 20 Eastcourt 340 342 342 Elders 306 308 306 EldersRs 430 435 430 Email 55 57 55 Equitcorp — 58 58 EuroNat 35 38 — Expo 438 440 440 FAI 78 80 80 FinMet 395 398 395 FCL 150 180 — Fortuna 266 267 266 GPT 230 235 237 Goodman 20 21 20 HDFI 278 300 —— Hanimex 327 330. 330 Hardie 231 238 231 Helm 96 98 98 Hitek 228 229 228 Hooker 290 292 290 Humes 1650 1700 — UProp 692 694 690 ICI — 138 — lELGrwth 78 120 — lELIncme 150 160 160 Imagin 182 183 183 IEL 29 30 29 InterPac 170 172 — Intrchase — 220 — Jasco 270 272 272 Jennings 930 932 932 JonesDav 91 93 — JonesRbt 80 84 84 Jonray — 230 225 Kern 60 88 — Kimberley 25 — — Lrchhill

Dividends P/E Year’s Cents Yld% ratio high low 9.60 4.75 10.9 214 144 34.10 7.03 • —- 500 380 30.50 8.47 — 385 302 25.00 5.00 9.1 510 332 10.00 3.39 . . — 295 185 10.00 6.67 10.8 155 100 36.00 4.80 5.7 760 400 16.00 5.82 13.5 285 130 26.4 135 35 ___ — 11.1 25 12 26.00 3.06 13.2 990 650 24.40 2.80 13.5 1000 700 21.00 4.20 14.2 518 354 ■ 6.00 6.82 22.0 100 75 11.00 4.07 22.3 280 205 — — 52 18 18.00 3.33 22.0 542 400 10.00 3.33 12.9 350 200 — 140 90 5.75 3.89 25.5 150 102 1.50 4.55 37.9 45 30 32.00 3.81 13.3 890 628 3.00 7.50 —— 40 30 20.00 2.26 28.2 980 600 15.00 4.62. 14.4 325 260 10.00 3.85 —— 265 130 39.00 4.33 — 900 200 12.50 7.44 — 190 97 —> — —— 3 1 12.00 5.45 8.9 235 149 - 42.4 84 45 —— — — 12 4 19.00 3.78 15.1 522 325 28.00 2.68 17.2 1080 740 30.75 2.77 — 1110 750 10.00 2.41 24.1 420 310 8.20 6.83 5.5 190 100 7.50 2.68 22.2 340 220 10.00 2.82 11.7 440 335 17.00 3.66 15.6 465 .400 20.00 4.26 16.5 506 305 9.00 2.55 24.3 380 225 10.62 11.80 2.6 105 58 6.00 3.75 9.1 160 70 —— — — 40 32 8.00 6.67 8.6 165 120 12.00 2.61 9.2 480 320 24.00 2.18 22.7 1120 570 15.00 3.23 18.8 504 220 12.00 6.49 — 210 125 — —. . 140 13 — 1.5 10 4 4.00 13.33 15.0 46 30 8.00 3.02 — 275 220 —— 2.7 55 11 19.00 5.56 7.6 360 270 —- — 338 260 16.00 3.72 14.1 460 230 2.50 4.55 2.3 85 50 — — 8.3 105 40 6.00 16.67 3.5 50 35 8.00 1.82 8.6 590 400 — 6.2 106 60 19.27 4.88 9.9 450 362 11.89 6.61 . 7.8 200 90 23.60 8.87 11.3 305 265 11.00 4.68 10.6 292 185 — 85 15 15.00 5.40 6.7 275 125 17.00 5.15 12.4 370 245 2.00 .87 57.8 300 160 ■ — 89.1 105 35 15.00 6.58 6.2 257 168 13.00 4.48 14.8 292 200 •— — 1950 1650 22.00 3.18 18.4 722 400 5.80 4.33 23.1 140 70 11.60 13.49 7.4 86 73 3.00 1.88 16.0 160 70 10.00 5.46 5.4. 200 • 130 —■ — 150 28 — — 180 165 5.00 2.27 13.6 230 150 10.00 3.68 15.4 280 175 36.00 3.86 4.6 960 520 4.00 4.40 4.0 123 72 4.00 4.76 6.1 90 80 5.50 2.44 7.3 272 150 —— —- 100 55 8.00 32.00 .3 70 18

1 53 56 — 90opt 53 Leda 80 82 — Leighton —— 1400 1400 LLease 315 320 — Linter 660 662 662 Mayne 128 130 130 McPhers 210 220 210 Memtec 105 108 108 NZI 640 644 640 NatAust 280 287 285 NatCons 1045 1050 1040 NewsCorp 273 275 275 OPSM 23 24 — Oakbridge 458 459 458 PacDunlp 85 90 85 Parbury 256 258 256 Peters 334 340 340 Pioneer 550 570 — QBE 455 475 455 Qintex 190 195 — ReilCorp — 10 — 92opt 930 940 940 Rothmans 50 55 55 Rothwells 350 356 350 SmithHwd 306 308 306 SthnFarm 35 42 42 Stockbge —■ — — 89opt 25 26 25 TAGPac 485 486 485 TNT —— 185 — Taylor 58 60 — USMaster 564 606 — Union 11 13 — Vapocure 44 — 45 Vestcorp 14 15 15 Viking — 30 — Walton 420 430 420 Wattyl 215 250 — WestCptl 370 375 — WfieldHl 179 180 180 WfieldTr 145 146 145 Westmex 580 584 584 Westpac 93 95 93 WfldCap 46 48 48 WilNeill 331 334 330 Woolworth 178 185 180 Wormaid 42 44 — AUR 320 325 322 ACMins 570 580 580 Aberfoyle 153 155 155 Ashton 230 — 230 AustDevl 79 80 80 BHPGold 27 28 — Bendigo, 4 7 — nts 3 ■ 5 — 88 opt 5 6 — 89 opt 372 380 375 Bougainvl 101 105 103 CNGold 950 954 952 CRA 78 80 80 CarrBoyd 40 47 — CityRes 16 17 — ConsRes 1030 — 1050 ConsRtle 55 60 — DeltaG 34 35 35 89 opt 162 — 164 Dominion 310 —— 310 ERA 405 410 410 Emperor 305 320 305 Forsayth 155 158 158 GMKalg 119 122 120 GiantRes 1 2 2 88 opt . 170 — 170 H11150 — 90 90 JasonMin 16 18 — Jlana 340 350 345 Kidston 42 —— — Kitchener 10 10 KiwiGold 213 214 213 MIM — 190 — MetalsEx — 700 700 Metana 45 48 45 Moruya 385 390 390 Niugini 86 87 87 Noranda 317 318 317 NBH 42 43 43 NthKalg 840 860 850 NthFlndr — 30 — Otter 185 188 185 Pancont 70 72 72 Paragon 40 48 — 89opt 185 195 190 Paringa 233 235 235 PlacrPac 215 220 215 Poseidon 116 117 116 QCTRes 980 —— 990 RGC 676 —~ 676 SnsGwlia 21 22 22 Spargos 35 —— 35 SthnPac 14 20 — Technomin 13 15 — TitanRes 5 6 — 89opt 626 628 626 WMC 155 165 — WalMin 270 — 275 WestSand 72 73 72 AOG 261 262 262 Ampol 26 28 — Beach 93 94 94 Bridge 49 51 50 89opt 27 28 27 Claremont 140 150 140 Crusader 26 — 28 Cultus 140 155 — Hartogen 4 —— — Longreach 260 280 — Magellan — 9 8 Magnet 102 107 102 OilSch 151 152 152 PekoOil 3 4 —- Petroz 415 417 417 Santos 280 300 — Vamgas — 1100 — WeeksPet 175 176 176 Woodside

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