AUSTRALIA Stocks fall in dull trading

Press, 30 September 1988, Page 19

AUSTRALIA Stocks fall in dull trading

NZPA-AAP Sydney The Australian sharemarket closed easier as stocks fell across the board in lacklustre trade. Brokers said there was very little institutional activity with the end-of-quarter falling today, but increased option-related trade with the expiry of the September series. One broker said the local market was going nowhere and trading in a very narrow range, in the same fashion as New York. “It’s in the doldurms and a definitive bear market. It’s not getting excited about anything,” he said. At the close of floor trading, the all ordinaries index had fallen 3.6 points to 1542.6. The gold marker slipped 23.4 points to 1602, the all industrials index 3.5 to 2554.1 and the all resources 3.5 also to 784.9. National turnover was 221.87 M shares worth sAustl46.36M — boosted by 131 M Petroz shares worth sAust4.4M being pushed through in special sales booked by broker Burdett, Buckeridge and Young. Falls led rises by more than three to two. Among industrials, Industrial Equity closed 3c up at 140 despite reporting a 75 per cent fall in June year profit. Bond Corp rose 10c to 215. Four cent rises took Pioneer Concrete to 299, Amatil to 874 and Mayne Nickless to 724. Closing , , , quotes Last Industrial Buy Sell sale ANI 206 207 207

9Ints 490 580 500 96nts 362 — — ANZ 534 536 534 AWA 280 285 280 Acmex 1 112 — 113 AdelStm 708 710 710 Alcan — 240 235 Alkair 135 139 — Alpha 20 23 — Amatil 874 880 874 B 750 850 —- Amcor 468 470 470 ApexPac 91 — 90 Argo 280 285 285 Ariadne 19 20 19 Arnotts 520 530 — Arrowfeld 235 300 — 89opt — 100 — AFound 130 133 130 AustOvrs 30 33 30 BHP 800 804 800 BTGloba! 42 44 42 BTR 814 816 816 BankQld 351 352 352 BellG —— 200 195 BellRes 163 164 163 Bisleyopt 2 4 — BondCorp 213 215 215 BondMed 60 66 65 91opt 4 5 4 Boral 372 374 373 Brambles 1050 1055 1050 90nts 1085 1100 — BrickP 414 415 414 Brierley 101 102 102 Bundaberg — 260 260 BurnsP 349 350 350 CIG 510 CSR 450 451 451 Cadbury 352 353 353 Chase 80 82 80 ClayR 152 157 157 ClayRPT 36 37 — Clyde 125 — 125 CoalAll 485 — ColesM 1030 1035 1030 Comalco 417 420 415 CorpEqit 161 165 161 91 opt — 118 — Cortaus 5 6 — Duke 25 28 28

EDunlop 250 254 250 Eastcourt — 11 Elders 343 344 343 Elders 280 281 280 Email 417 420 418 Equitcorp — 50 — EuroNat 65 68 65 Expo 30 40 36 FAI 430 435 435 FinMet 60 65 — Fletcher 374 375 375 Fortuna 155 165 160 GPT — 263 262 Girvan 66 68 68 Goodman 230 235 235 HDFI 12 15 12 Hanimex 240 250 — Hardie 282 285 285 Helm 230 235 230 Hitek 117 118 117 Hooker 205 210 210 Humes 250 290 — HProp 1700 1730 — ICI 722 736 724 lELGrwth 105 120 — lELIncme 78 — 90 Imagin 140 143 — IEL 139 140 140 InterPac 25 27 — Intrchase 155 162 Jasco 210 220 210 Jennings 250 253 252 JonesDav 900 920 920 JonesRbt 85 90 — Jonray 84 90 — Kern 230 —— —■ Kimberley 60 65 60 Lrchhill —- 30 — 90opt 1 — Leda 41 50 —— Leighton 70 / — 70 LLease 1125 : 1130 : 1125 Mayne 724 726 724 McPherson 133 135 133 Memtec — 175 175 NZI 95 97 — NatAust 692 694 694 NatCons 270 273 270 NewsCorp 1000 1005 1000 OPSM 295 300 295 Oakbridge 26 27 27 PacDunlp 438 440 440 Parbury 105 110 — Paynter 77 78 78

nts 98 —■ — PetersSl 232 240 232 Pioneer 298 299 299 QBE 420 435 420 Qintex 470 480 470 ReilCorp 180 188 — 92opt 2 5 2 Rothmans 910 920 — Rothwells 30 35 —— SmithHwd 355 360 355 SthnFarm 300 305 300 Stockbge 35 40 35 89opt — 16 — TAGPac 25 28 —— TNT 470 475 470 Taylor 155 165 — USMaster 55 57 55 Union 606 — —— Vapocure 13 — — Viking 16 17 17 Walton 28 30 —— Watty! 420 425 420 WestCptl 210 — — WfieldHl 320 325 320 WfieldTr 168 170 170 Westmex 138 140 140 Westpac 602 606 604 WfldCap 82 85 83 WilNeill 53 55 53 Woolworth 340 350 340 Wormaid 151 153 150 AUR 32 36 32 ACMins 275 280 280 Aberfoyle . 520 530 520 Ashtori 126 127 126 AustDevi 260 270 260 BHPGold 66 67 66 Bendigo 22 24 — nts — 4 — 88opt —— 4 — 89opt 4 — —— Bougainvl 342 348 345 CNGold 90 93 91 CRA 810 812 812 CarrBoyd 70 78 — CityRes 30 — 31 ConsResdd 12 14 —— ConsRtle 940 960 — DeltaG 51 55 51 89opt 26 28 — Dominion 130 134 132 ERA 270 ■ "1— 270 Emperor 425 430 425 Forsayth 250 255 255

GMKalg 155 160 155 GiantRes 89 90 90 88opt — 1 — H11I50 165 180 175 JasonMin 80 82 —- Jlana 13 15 — Kidston 316 317 316 Kitchener — 50 — KiwiGoid 7 8 7 MIM 184 ■ 185 185 MetalsEx 145 180 —~ Metana — 540 530 Moruya — 40 —— Niugini 260 265 265 NBH 261 262 262 NthKalg 34 35 35 NthFlndr 600 610 600 Pancont 148 150 150 Paragon 67 70 70 89opt 40 — — Paringa 135 140 140 PionMin 61 62 62 PlacrPac 206 209 210 Poseidon 185 188 188 QCTRes 120 122 120 RGC 632 650 640 SnsGwlia 560 570 566 Sparges 17 22 — SthnPac 33 40 —. Technomin 8 15 — TitanRes 11 12 — 89opt 1 3 — WMC 502 504 504 WalMin 130 140 130 WestSand 245 248 —. AOG 60 65 60 Ampol 210 212 212 Beach 25 26 25 Bridge 82 83 82 89opt 42 45 42 Claremont 34 35 34 Crusader 110 120 110 Cultus 18 — — Hartogen 135 140 140 Longreach 4 — —— Magellan 260 —— 260 Magnet 7 8 — OilSch 80 82 82 PekoOil 175 176 175 Petroz 2 3 3 Santos 360 — 362 Vamgas 255 260 255 WeeksPet 700 800 800 Woodside 171 174 174