Australia Shine off positive day

Press, 7 October 1988, Page 13

Australia Shine off positive day

A-AAP Sydney Australian stocks closed firm, but off the day’s high G lat ® selling took the shine off what had been a positive days trading, brokers said. One broker said the market began well on the back of gams •on overseas markets and selective buying among quality stocks kept the market higher before light selling returned. But he said buyers were still cautious and not convinced of the strength of the market’s gain after the downward pressure of the past three days. At the close of floor trading, the all ordinaries index had risen 3.5 points to 1515.6 after earlier reaching 1519.7. The gold marker lifted 5.3 points to 1563, the all resources 4.2 to 766.1 and the all industrials 2.2 to 2517. National turnover was a moderate 77.42 M shares worth sAustl3o.74M as falls just exceeded rises. AWA was the star performer of the industrial sector, adding 21c to 326. BTR Nylex lifted 18c to 840, Burns Philp 10 to 355 and Hudson Conway 7 to 142. Wormaid edged up 2c to 160, as 3.28 M shares were traded and Ariadne 1c to 19 despite reporting the largest loss in Australian corporate history of sAust64oM. CSR rose 5c to 427 and Bond Corp 3c to 213. Losers among industrials included Coles Myer, down 15c at 1015, News Corp, off 8c at 976, the Bell Group, off 5c at 180, and BHP, down 2c at 772. Among banks, the ANZ and National Australia closed steady at 516 and 674 respectively. Westpac fell 4c to 574. Closing quotes Last Industrial Buy Sell sale ANI 197 200 199 91nts 490 580 — 96nts 355 — — ANZ 516 518 518 AWA 325 327 326 Acmex 130 140 —

AdelStm 702 704 702 Alcan 232 238 —— Alkair 135 139 — Alpha 20 21 — Amatil 868 870 870 B — 850 — Amcor 446 448 448 ApexPac 91 — — Argo 295 300 300 Ariadne 17 18 19 Arnotts 510 516 516 Arrowfeld — 250 235 89opt — 100 — AFound 132 133 130 AustOvrs 31 33 31 BHP 772 776 776 BTGlobal 42 — BTR 840 — 840 BankQld 340 352 350 BellG 180 185 180 BellRes 160 163 161 Bisleyopt 2 4 — BondCorp 212 215 213 BondMed 62 64 64 91 opt 4 5 — Boral 356 357 357 Brambles 1025 1035 1025 90nts 1090 — — BrickP 412 415 — Brierley 102 103 103 Bundaberg 245 255 250 BurnsP 356 360 355 CIG 490 — — CSR 428 430 427 Cadbury 347 350 347 Chase 85 90 85 ClayR 150 152 150 Clay R PT 34 36 — Clyde 123 — — CoalAll 510 — 510 ColesM 1015 1020 1015 Comalco 388 390 388 CorpEqit 165 170 175 91 opt — 114 — Cortaus 4 6 4 Duke 21 22 21 EDunlop 250 270 — Eastcourt 10 12 —— Elders 337 338 338 EldersRs 270 275 270 Email 417 420 417 EuroNat 66 70 70 Expo 40 42 40 FAI 418 420 418 FinMet 70 80 — FCL 360 362 360 Fortuna 155 160 — GPT 268 275 270 Girvan 65 67 67 Goodman 230 232 230 HDFI 11 15 — Hanimex — 245 — Hardie 285 290 286 Helm 230 240 235 Hitek 116 117 115 Hooker 207 210 210 Humes — 290 — UProp 1700 1 730 — ICI 724 726 724

lELGrwth 105 120 — lELIncme 78 — — Imagin 140 142 — IEL 142 143 142 InterPac — 30 28 Intrchase 150 160 — Jasco 200 — — Jennings 250 255 — JonesDav 900 910 910 JonesRbt 87 90 88 Jonray 84 90 90 Kern 230 235 — Kimberley 60 65 —- Lrchhill 26 —— — 90opt 1 — — Leda 47 50 47 Leighton 75 80 75 LLease 1050 1100 1100 Mayne 596 600 600 McPherson 131 — 131 Memtec 170 175 175 NZI 92 95 92 NatAust 672 674 674 NatCons 272 273 272 NewsCorp 974 980 976 OPSM 254 255 255 Oakbridge 32 33 32 PacDunlp 435 436 436 Parbury 120 125 120 Paynter 78 80 — PaynterDnts 95 — — Peters 233 235 233 Pioneer 280 282 280 QBE 435 440 440 Qintex 460 475 — ReilCorp 190 215 — 92opt 3 5 — Rothmans 880 910 — Rothwells 35 38 — SmithHwd 355 360 — SthnFarm 280 290 280 Stockbge 30 35 35 89opt — 16 — TAGPac 26 28 —— TNT 466 468 467 Taylor — — 165 USMaster 56 — — Union 590 600 — Vapocure 13 — — Viking 16 17 17 Walton — 32 — Wattyl 425 430 430 WestCptl 210 220 — WfieldHl 300 314 310 Wfield 170 172 172 Westmex 135 138 138 Westpac 572 574 574 WfldCap 80 83 80 WilNeill 55 — 55 Woolworth 336 338 336 Wormaid 160 162 160 AUR 33 35 33 ACMins 268 270 270 Aberfoyle 530 540 530 Ashton 123 125 123 AustDevl — 265 — BHPGold 61 62 62 Bendigo 22 25 — rts — 2 —

88opt — 1 — 89opt 5 — — Bougainvl 340 342 340 CNGold 86 88 86 CRA 776 778 778 CarrBoyd 68 — 68 CityRes 30 32 30 ConsRes 12 15 — ConsRtle 940 960 960 DeltaG 51 52 52 89opt 28 — — Dominion 110 112 112 ERA 275 — —— Emperor 440 442 440 Forsayth — 250 245 GMKalg 146 150 150 GiantRes 90 92 90 88opt — 1 — H11I50 170 — 175 JasonMin — 80 — J’lana — 18 — Kidston 315 317 317 KiwiGold 5 7 6 MIM 185 186 185 MetalsEx 140 155 155 Metana — 530 524 Moruya 35 40 — Nuigini 240 245 240 NBH 256 257 256 NthKalg 33 34 34 NthFlndr —— 560 560 Otter 26 28 Pancont 148 152 Paragon 67 68 68 89opt 38 40 40 Paringa 140 150 — PionMin 60 61 61 PlacrPac 197 198 198 Poseidon 187 190 187 QCTRes 125 126 126 RGC 650 660 650 SnsGwlia 550 554 550 Spargos 17 18 17 SthnPac 34 — 35 Technomin 12 14 — TitanRes 11 12 11 89opt 1 3 — WMC 495 496 496 WalMin — 125 — WestSand 245 — 248 AOG 55 60 — Ampol 194 195 195 Beach 20 22 22 Bridge 88 89 89 89opt 43 44 43 Claremont 33 34 33 Crusader 102 105 105 Cultus 18 20 20 Hartogen 137 140 140 Longreach 4 — 4 Magellan 270 280 270 Magnet 7 9 — OilSch 70 71 71 Peko Oil 168 172 172 Petroz 2 3 2 Santos 344 345 345 Vamgas 250 260 260 WeeksPet 700 800 — Woodside 172 175 172