Aust, lower in dull trading

Press, 27 September 1988, Page 29

Aust, lower in dull trading

NZPA-AAP Sydney The Australian sharemarket closed lower in very dull trading as traders marked time ahead of Wednesday’s release of the August balance of payments data. “The whole market is noncommittal,” one broker said. The gold sector held up well considering the downward pressure, he added. “Some market players are beginning to realise that some of the gold companies are somewhat insulated against the falling gold price," he said. The all ordinaries index had fallen 7.6 points to 1543.5 by the close of floor trading. The gold marker slipped 9.1 points to 1590.7, the all industrials index 9.2 to 2561.4 and the all resources 6.2 to 781.4. National turnover was a light 65.09 million shares worth sAustl22.62M as falls led rises by about 12 to seven. Market leader BHP dragged the industrial sector down as it dropped 14c to 796. Elsewhere among industrials, CSR fell 6c to 458, Lend Lease, trading ex-dividend, 5c to 1140 and Hooker Corp 5c also to 205. Coles Myer also eased 5c to 1035, Adsteam 4 to 730, Bond Corp 2 to 208 and Elders IXL 1 to 343. News Corp was steady at 1000 c, as was FAI at 435. Those industrials to gain included Arnotts, up 8c at 530, Pacific Dunlop, up 6 at 444, and Fletcher Challenge, which has sought Commerce Commission approval to acquire 100 per cent of BNZ, up 3 at 380. Among the banks, National Australia, the most actively

traded stock with 172 M shares worth sAustl2.o2M changing hands, fell 6c to 694, while the ANZ and Westpac each fell 4c to 536 and 608 respectively. Among miners, CRA eased 12c to 828, North Broken Hill 9 to 495 and MIM 1 to 176, while Comalco rose 5 to 410 and Bougainville 1 to 338. Gold stocks were generally weaker in line with lower fold prices of about U5394.15/55 an ounce. Renison tumbled 20c to 630, Pan Australia 5 to 370, Poseidon 5 also to 185 and Australian Consolidated Minerals 3 to

272. Industrial ANI Closing quotes Buy Sell 205 207 Last sale 206 91 nts 490 500 — 96 nts 362 — — ANZ 534 536 536 AWA 300 310 310 Acmex 120 125 125 Adel Stm — 730 730 Alcan — 250 240 Alkair 135 139 — Alpha 21 23 21 Amatil 866 868 868 B 750 850 — Amcor 477 480 480 Apex Pac 85 — 90 Argo 278 280 278 Ariadne 19 20 20 Arnotts 524 530 530 Arrowfeld 235 300 —- 89 opt — 100 — A Found 133 135 —— Aust Ovrs 31 33 32 BHP 794 796 796 BT Global 41 43 42 BTR 810 812 810 Bank Qld 345 350 — Bell G 200 205 200 Bell Res 163 164 163 Bisley opt 2 4 — Bond Corp 208 210 208 Bond Med 65 67 65 91 opt 4 5 — Boral 378 379 379 Brambles 1035 1060 1055 90 nts 1085 — —- Brick P 410 415 415

Brierley 103 106 103 Bundaberg 260 265 265 Burns P 345 346 346 CIG 500 — — CSR 456 458 456 Cadbury 350 360 355 Chase 83 84 84 Clay R 157 — 160 Clay RPT 37 38 — Clyde 122 125 122 Coal All 480 — — Coles M 1035 1040 1035 Comalco 407 410 410 Corp Eqit — 165 — 91 opt — 120 — Cortaus 5 6 — Duke 27 30 27 E Dunlop 250 270 250 Eastcourt —— 11 — Elders 342 343 343 Elders 277 280 275 Email 414 415 415 Equitcorp — 50 48 Euro Nat 65 68 65 Expo — 35 35 FAI 430 435 435 Fin Met 65 68 65 FCL 377 380 377 Fortuna 155 165 159 GPT 265 268 268 Girvan 68 69 68 Goodman 240 242 242 HDFI 7 9 8 Hanimex 250 260 — Hardie 296 299 300 Helm 226 235 226 Hitek 108 110 108 Hooker 202 210 205 Humes 250 290 — II Prop 1660 1700 1660 ICI 724 730 730 IEL Grwth 105 120 — IEL Incme 85 — — Imagin 140 — 141 IEL 144 145 144 Inter Pac 27 28 28 Intrchase 160 165 — Jasco 200 220 — Jennings 245 250 — Jones Dav 930 934 934 Jones Rbt 90 92 90 Jonray 84 90 — Kern 225 230 225 Kimberley 60 80 — Lrchhill — 30 — 90 opt 1 — — Leda 47 52 —— Leighton 65 70 70 L Lease 1140 — 1140

Mayne 718 720 720 xMcPherson 133 135 133 Memtec 175 180 175 NZI 92 95 95 Nat Aust 692 694 694 Nat Cons 264 265 264 News Corp 994 1000 1000 OPSM 290 295 295 Oakbridge 24 25 24 Pac Dunlp 443 448 445 Parbury 100 110 — Peters SI 237 240 240 Pioneer 296 298 298 QBE 405 440 435 Qintex 470 475 470 Reil Corp 180 188 —— 92 opt 1 5 —— Rothmans 916 — 920 Rothwells 35 38 38 Smith Hwd 355 370 —— Sthn Farm 300 300 Stockbge 30 35 — 89 opt —— 16 — TAG Pac 26 28 —— TNT 467 470 467 Taylor 165 170 165 US Master 55 57 — Union 606 — 606 Vapocure 12 13 13 Viking 15 17 15 Walton — 27 — Wattyl 420 425 425 West Cptl 210 — —— Wfield Hl 320 330 — Wfield Tr 170 171 171 Westmex 137 138 137 Westpac 606 608 608 Wild Cap 70 80 80 Wil Neill 51 52 51 Woolworth 348 350 348 Wormaid 158 162 160 AUR 30 — 31 AC Mins 272 275 272 Aberfoyle 520 530 520 Ashton 127 129 127 Aust Devi 260 270 — BHP Gold 64 65 65 Bendigo 21 24 21 nts —— 4 •— 88 opt — 4 — 89 opt 4 —— Bougainvl 335 338 338 CN Gold 86 87 86 CRA 828 830 828 Carr Boyd 70 — 70 City Res 30 32 — Cons Res 12 14 — Cons Rtle 950 1000 . — Delta — 52 52

89 opt 26 28 — Dominion 138 140 140 ERA 265 —— 270 Emperor 420 425 420 Forsayth 255 260 260 GM Kalg 146 150 150 Giant Res 90 92 90 88 opt — 1 — Hill 50 165 —— — Jason Min 82 85 82 Jlana 13 15 — Kidston 305 310 305 Kiwi Gold 6 — MIM 177 178 177 Metals Ex — 180 — Metana 530 540 536 Moruya — 40 — Niugini 275 280 280 NBH 258 260 260 Nth Kalg 31 32 32 Nth Flndr 570 670 —— Otter 26 — . Pancont 145 150 148 Paragon — 70 70 89 opt 40 50 —— Paringa 130 140 138 Pion Min 58 62 62 Placr Pac 213 218 215 Poseidon 185 187 187 QCT Res 120 121 120 RGC 600 640 630 Sns Gwlia 560 — 560 Spargos 17 18 18 Sthn Pac 33 40 —— Technomin — 15 — Titan Res 11 12 — 89 opt 1 3 — WMC 493 495 495 Wai Min 125 140 West Sand 245 — —— AOG 57 65 57 Ampol 210 215 210 Beach 25 28 ——- Bridge 82 85 82 89 opt 43 45 43 Claremont 33 35 34 Crusader 110 120 — Cultus 17 — 17 Hartogen 135 140 135 Longreach 4 — — Magellan 260 — —— Magnet 7 8 7 Oil Sch 84 85 85 Peko Oil 175 176 175 Petroz 2 3 — Santos 360 365 365 Vamgas 255 — — Weeks Pet 700 900 —— Woodside 177 180 177