Banking stocks boost Aust.

Press, 25 August 1988, Page 28

Banking stocks boost Aust.

NZPA-AAP Sydney Australian stocks closed firmer in fairly thin trade as major bank stocks and some blue chip industrials created a firm undertone for the market yesterday. Brokers said they were surprised the market had firmed in the afternoon, after its slow and directionless §tart.

They said that the day’s trading had been nervous and thin, but a good performance from the industrial sector had lifted the general tone of the fnarket. At the close of floor trading, the all ordinaries index Was 3.4 points higher at 1632.9, after reaching a low of 1626.3. The all industrials index was up 14.5 at 2633.2. The all resources lost 4.1 points to 877.8 and the gold marker was 14.6 down at 1878.3. National turnover was 86.12 M shares worth sAustl4o.94M ($NZ178.99M). Falls slightly outpaced rises. Leading bank stocks led the afternoon’s firmer tone. Westpac added 16c to 600, National Australia 12c to 652, and the ANZ 8c to 508.

Mayne Nickless added 40c to 700 after its strong profit report and announcement of a bonus issue. Amcor, a 50 per cent shareholder in Mayne Nickless, saw its stock rise 14c to 5.14. Brewers Elders IXL and S. A. Brewing Holdings each added 3c cents to 345 and 218 on news of a cut in beer excise.

News Corp rose 15c to 1060 on expectations of a good profit report. Bond Media added 2c to 74.

Elsewhere, market leader BHP fell 10c to 830, Bond

Corp 3c to Group lifted 217, 3c to but 263 Bell CoalAll ColesM Comalco 470 1095 458 480 1100 460 470 1100 460 OPSM Oakbridge PacDunlp 265 21 458 275 23 460 275 23 460 Forsayth GMKalg GiantRes 300 157 118 302 158 120 302 157 120 Brokers said the mining CorpEquit 185 190 — Parbury 85 90 — 88 opt 165 sector fell as there was little Cortaus 5 6 5 PetersSl 250 255 255 HH150 interest in miners and Duke 30 32 — Pioneer 335 339 339 JasonMin nothing in last night’s budget EDunlop Eastcourt 260 18 20 270 20 QBE Qintex 500 455 570 470 540 Jlana Kidston 335 340 340 Industrial ANI 91 nts 96 nts ANZ AWA Closing quotes Buy Sell 205 206 485 550 360 385 506 508 295 300 Last sale 205 490 508 300 Elders EldersRS Email Equitcorp EuroNat Expo FAI FinMet FCL 342 300 432 50 58 36 438 78 398 345 305 435 55 60 442 80 400 345 304 435 60 36 442 80 398 ReilCorp 92 opt Rothmans Rothwells SmithHwd SthnFarm Stockbge TAGPac TNT 190 930 50 350 305 35 25 478 195 10 950 55 355 308 42 26 482 930 55 355 305 478 Kitchener KiwiGold MIM MetalsEx Metana Moruya Niugini Noranda NBH 8 212 684 45 370 85 317 10 213 190 690 48 380 86 320 212 684 375 86 318 Acmex AdelStm Alcan Alkair Alpha Amatil B Amcor ApexPac Ariadne Arnotts Arrowfeld 89 opt AFound AustOvrs BHP BTGlobal BTR BankQld BellG pref BellRes Bisley opt Bond BondMed 91 opt Boral 147 750 266 135 21 850 510 88 18 526 300 100 148 32 830 39 880 325 262 168 2 215 74 5 498 1DU 760 270 25 856 870 512 90 19 530 305 105 150 33 832 40 884 263 900 169 217 75 6 500 750 266 21 850 510 19 530 148 32 830 40 880 263 168 215 74 6 498 Fortuna GPT Girvan Goodman HDFI Hanimex Hardie Helm Hitek Hooker Humes IlProp ICI lELGrwth lELIncme Imagin IEL InterPac Intrchase Jasco Jennings JonesDav JonesRbt Jonray Kern Kimberley 150 267 76 232 278 328 240 96 226 291 1700 690 100 78 155 184 28 175 270 920 90 80 70 170 268 78 237 20 300 330 245 98 229 292 1750 696 138 120 160 185 30 178 220 275 932 94 84 230 88 150 267 78 235 20 330 240 96 228 291 1700 690 160 184 30 175 270 932 91 225 Taylor USMaster Union Vapocure Vestcorp Viking Walton Wattyl WestCptl WfieldHL WfieldTr Westmax ■ Westpac WfldCap WilNeill Woolworth Wormaid AUR ACMins Aberfoyle Ashton AustDevl BHPGold Bendigo nts 88 opt 89 opt Bougainvl CNGold 180 56 564 11 45 13 425 215 370 179 145 596 95 51 330 180 43 310 570 152 235 78 25 4 3 5 190 606 12 14 28 430 250 375 180 146 598 97 52 335 185 44 315 580 154 240 80 27 7 5 6 180 56 15 430 375 179 145 600 95 51 330 185 44 315 570 152 238 79 27 6 NthKalg NthFlndr Otter Pancont Paragon 89 opt Paringa PlacrPac Poseidon QCTRes RGC SnsGwlia Spargos SthnPac Technomin TitanRes 89 opt WMC WalMin WestSand AOG Ampol Beach Bridge 89 opt Claremont Crusader 40 182 71 46 185 233 200 116 990 670 21 35 14 13 5 616 158 270 73 '255 26 91 48 27 140 41 850 30 185 73 48 190 234 210 118 1000 22 38 20 15 6 618 170 75 269 28 92 49 28 145 41 840 182 72 46 190 233 210 116 990 676 22 15 ‘ 616 157 73 255 28 92 50 27 Brambles 90 nts 1055 1100 1060 1060 1110 Lrchhill 90 opt Leda Leighton LLease Linter Mayne McPherson Memtec NZI NatAust NatCons NewsCorp 25 1 — 374 98 375 100 375 98 Cultus Hartogen 26 145 28 150 .28 150 BrickP Brierley Bundaberg Burns CIG CSR Cadbury Chase ClayR ClayRPT Clyde 410 122 276 353 460 468 352 91 165 38 112 415 124 280 354 469 355 92 168 40 116 122 280 354 468 352 92 165 38 115 82 83 83 1400 1420 1400 315 320 — 682 686' 682 128 130 128 215 220 215 105 106 105 650 654 652 280 284 280 1055 1060 1060 CRA CarrBoyd CityRes ConsRes ConsRtle DeltaG 89 opt Dominion ERA Emperor 948 75 16 1050 62 38 173 310 430 950 80 42 17 64 177 320 435 950 40 17 62 40 175 310 430 Longreach Magellan Magnet OilSch PekoOil Petroz Santos Vamgas WeeksPet Woodside 4 260 95 150 3 415 280 700 177 270 9 99 154 4 418 300 180 99 152 417 290 177