Australia higher in quiet trading

Press, 11 October 1988, Page 27

Australia higher in quiet trading

NZPA-AAP Sydney The Australian sharemarket closed higher, but off the day's highs, in lacklustre trade. Brokers said the market "started with a bang" on the back of the 42 point gain on Wall Street on Friday, but drifted due to a lack of follow-through buying.

"The Australian market is not in a buying mood,” one broker said. Investors were cautious, awaiting further leads from offshore markets, he said. Tokyo and New York were both closed yesterday for public holidays. By the close of floor trading, the all ordinaries index was up 9.4 points at 1535.2.

The industrial sector gained the most ground, with the all industrials index lifting 15.9 points to 2542.4. The gold marker rose 9.9 to 1606.2 and the all resources 4.6 to 780.8. National turnover was a thin 74.02 M shares worth sAustlO9.l3M as rises led falls by about three to two.

Among industrials, Brambles added 20c to 1060, BTR Nylex 14 to 860, News Corp 10 to 996 and TNT 10 also to 475. Pacific Dunlop rose 7c to 455, Adsteam 6 to 710, Coles Myer 5 to 1025 and BHP 4 to 776.

Losers included Bell Group, down 5c at 180, AWA, down 5 also at 315, and S. A. Brewing, off 3 at 232. Among banks, Westpac lifted 10c to 590, the ANZ 4 to 526 and National Australia 2 to 680.

The gold sector was firmer on steady gold bullion prices around $U5403.55/95 an ounce. Renison added 20c to 680, Barrack Miners 10 to 300 and Forsayth 5 to 250.

Australian Consolidated Minerals rose 5c also to 280 as brokers Macquarie Equities booked IM specials worth sAust2.7BM. Western Mining came off its high of 514 c to close steady at 508 while Emperor fell 6 to 438. In the oil and gas sector, Vampgas shed 5c to 255, Ampol Exploration 4 to 192 and Oil Search 1 to 69. Energy stocks to gain were Santos, up 2c to 354, Bridge Oil, up 2 also at 92, and Woodside Petroleum, up 1 at 173. Most leading miners eased off their early gains. Closing

quotes Last Industrial Buy Sell sale ANI 201 202 202 91nts ■160 — — 96nts 345 — — ANZ 524 528 526 AWA 310 320 315 Acmex 130 135 — AdelStm 710 720 710 Alcan 230 — 230 Alkair 135 139 — Alpha 16 20 26 Amatil 862 864 862 B 750 850 — Amcor 448 450 448 ApexPac 98 — — Argo 285 288 285 Ariadne 16 17 16 Arnotts 514 518 518 Arrowfeld — 270 270 89opt — 100 — AFound 130 133 132 AustOvrs 31 33 31 BHP 776 778 776 BTGlobal 42 — — BTRNylex 860 — 860 BankQld 362 370 360 BellG — 180 180 pref 500 — — Bell Res 156 160 160 Bisleyopt 2 4 — BondCorp 210 212 210 BondMed — 62 62 91opt 4 5 — Boral 356 357 357 Brambles 1060 1065 1060 90nts 1100 — — Brick 415 430 415

Brierley 102 103 103 Bundaberg 250 256 250 Burns 365 366 366 CIG 490 520 490 CSR 437 442 438 Cadbury 347 350 350 Chase 88 90 90 ClavR 150 152 — Clay R PT 34 36 34 Clyde 123 — 126 Co’alAll 512 514 512 ColesM 1020 1025 1020 Comalco 395 396 395 CorpEqit 165 — — 91opt — 114 — Cortaus 4 5 —- Duke 22 25 22 EDunlop 250 255 — Eastcourt 10 12 — Elders 341 342 341 EldersRs 265 272 272 Email 422 425 422 Euro Nat 70 75 70 Expo 40 42 40 FAI 420 425 420 FinMet 63 65 65 Fcl 363 365 365 Fortuna 155 165 155 GPT 274 276 276 Girvan 65 66 65 Goodman 232 235 232 HDFI 8 15 11 Hanimex — 245 — HardieJ 290 292 292 HelmCorp 235 240 235 Hitek 112 114 112 Hooker 214 215 215 Humes 180 285 290 UProp 1660 1720 — ICI 718 720 720 lELGrwth 105 138 120 lELIncme 79 — 79 Imagin 144 150 144 IEL 148 149 148 InterPac — 30 — Intrchase 150 160 — Jasco 200 — — Jennings 252 255 252 JonesDav 900 920 906 JonesRbt 90 92 90 Jonray 84 90 — Kern 230 — 235 Kimberley 60 65 60 Lrchhill 26 36 — 90opt 1 — — Leda 48 50 —— Leighton 72 80 74 LLease 1075 1100 1090 Mayne 580 590 590

McPherson 133 135 135 Memtec 170 175 175 NZI 95 98 98 NatAust 678 680 680 NatCons 272 275 — NewsCorp 994 996 994 OPSM — 265 265 Oakbridge 38 39 38 PacDunlp 453 455 455 Parbury 130 135 130 Paynter 78 80 80 Peters 233 235 233 Pioneer 282 283 282 QBE 440 450 440 Qintex 480 — 480 ReilCorp 200 215 — 92opt 3 5 — Rothmans 880 890 880 Rothwells 35 38 38 SmithHwd 355 360 355 SthnFarm 278 280 278 Stockbge 30 35 — 89opt — 16 — TAGPac 28 30 30 TNT 475 478 475 Taylor — 165 — USMaster 56 — 57 Union 590 600 — Vapocure 13 20 — Viking 16 17 17 Walton 26 30 — Wattyl 430 435 — WestCptl 210 220 210 WfieldHl 312 314 314 WfieldTr 172 174 174 Westmex — 135 138 Westpac 588 590 590 WfldCap 78 83 — WilNeill 56 57 56 Woolworth 348 352 350 Wormaid 165 170 166 AUR 34 37 — ACMins 278 280 280 Aberfoyle 520 540 — Ashton 124 125 124 AustDevI — 275 — BHPGold 63 64 64 Bendigo 22 26 25 nts 2 7 — 88opt — 1 — 89opt 5 — — Bougainvl 355 360 355 CNGold 89 92 89 CRA 796 800 800 CarrBoyd 68 80 — CityRes 31 32 31 ConsRes 12 13 12 ConsRtle 920 980 960 DeltaG 53 55 54

89opt 30 35 30 Dominion 116 118 118 ERA 270 280 275 Emperor 435 438 436 Forsayth 245 260 250 GMKalg 147 150 147 GiantRes 91 92 92 88opt — 1 — Hill50 170 — — JasonMin — so — Jlana — 18 15 Kidston 317 320 317 KiwiGold 5 6 — MIM 194 195 194 MetalsEx 140 150 — Metana 526 580 — Moruya — 40 — Niugini 248 250 248 NBH 270 — 270 NthKalg 33 34 33 NthFlndr 555 560 560 Otter 29 32 — Pancont 155 — 160 Paragon 63 70 70 89opt 38 — — Paringa 140 150 — PionMin 61 63 61 PlacrPac 206 207 206 Poseidon 193 195 195 QCTRes 130 132 130 RGC 680 690 680 SnsGwIia 530 560 550 Spargos 17 18 17 SthnPac 33 — 33 Technomin 12 — — Titan Res 5 10 — 89opt 1 3 — WMC 506 510 508 WalMin — 120 — WestSand 245 — — AOG 58 65 60 AmpolExp 190 194 192 Beach 22 25 — Bridge 90 92 92 89opt 42 44 41 Claremont 33 34 33 Crusader 105 110 105 Cultus 19 20 20 Hartogen 137 140 140 Longreach 4 — — Magellan — 280 — Magnet 3 7 — OilSch 68 69 69 PekoOil 172 173 172 Petroz 2 3 2 Santos 353 355 354 Vamgas 255 260 255 WeeksPet 700 800 — Woodside 171 172 173