AUSTRALIA Industrial shares bounce back

Press, 9 November 1988, Page 40

AUSTRALIA Industrial shares bounce back

NZPA-AAP Sydney A burst of futures trading and short covering by investors left Australian stocks firm at the close of trading yesterday. One broker said the market rebounded from a slow start despite overnight news of a 21-point slide in the Dow Jones index in New York. However, he said there was “not a lot of upside” in the market before Christmas because of expected higher interest rates in Australia and overseas. Leading industrials rebounded after a dull start. Coles Myer lifted Aust3oc to 1030, BHP rose 2c to 752, Elders IXL 1c to 286 and Bell Resources 5c to 135.

Ariadne shed 1c to 18 after Ampersand’s takeover bid of one of its shares for every two Ariadne shares. Sherwin Pastoral gained lc to 105, at par with Monday’s take-over offer by BT Australia. Among other industrials, AFP Group featured in heavy turnover for the fifth consecutive trading day as 9.1 IM shares worth $10.75M were traded. The stock was steady at 120. BTR Nylex slipped 24c to 876 on news of a sAusts4oM private note issue, and Bond Media fell 2c to 48. The banks were mostly firmer. National Australia rose 6c to 660, Westpac was up 2c to 572.

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents Yld% ratio high low 190 192 190 ANI 10.20 5.37 9.4 216 144 485 530 — 91 nts 34.10 6.89 — 500 380 350 375 — 96 nts 30.50 8.47 — 385 302 546 548 546 ANZ 25.00 4.58 9.9 568 332 270 275 270 AWA 10.50 3.89 39.1 340 185 150 155 150 Acmex 10.00 6.67 24.2 155 100 602 620 602 AdelStm 38.00 6.31 6.0 780 400 240 250 — Alcan 16.00 6.40 12.3 285 130 121 135 — Alkair — — 5.6 145 35 19 22 — Alpha .50 2.27 31.4 26 12 896 902 902 Amatil 26.00 2.88 14.0 990 650 830 — — AmatilB 24.40 2.87 13.2 1000 700 470 472 470 Amcor 23.50 5.00 12.3 540 354 85 93 — ApexPac 6.00 6.45 — 115 75 271 274 275 Argo 11.00 4.01 22.6 300 200 18 19 18 Ariadne — — — 52 14 560 564 564 Arnotts 17.00 3.01 20.7 564 400 250 270 — Arrowfeld — — 12.5 350 200 — 100 — opt — — — 200 90 138 140 140 AFound 5.75 4.11 26.6 155 102 35 36 35 AustOvrs 1.50 4.29 5.9 46 29 750 752 752 BHP 34.00 4.52 11.9 890 628 45 46 — BTGlobal 3.00 6.67 — 48 30 870 878 876 BTRNylex 20.00 2.28 27.9 980 600 368 370 368 BankQld 16.00 4.35 12.7 380 260 131 135 135 BellG 10.00 7.41 — 265 130 136 137 135 Bell Res 12.50 9.19 — 190 97 — 4 — Bisley — — — 5 1 180 182 180 BondCorp 14.00 7.78 2.2 235 149 46 48 48 BondMed 2.00 4.17 8.7 84 45 3 4 4 opt — — — 12 4 367 370 370 Boral 19.50 5.27 11.5 522 325 1110 1115 1110 Brambles 32.00 2.88 14.0 1110 740 1160 1170 — Bram nts 30.75 2.65 — 1170 750 430 435 — BrickP 10.00 2.30 25.3 440 310 103 104 103 Brierley 7.80 7.57 7.6 190 100 280 285 285 Bundaberg 7.50 2.63 22.6 340 220 310 315 310 BurnsP 10.00 3.23 12.5 440 310 500 520 520 CIG 17.00 3.27 14.4 520 400 453 455 455 CSR 20.00 4.40 16.0 506 305 406 407 407 Cadbury 9.00 2.21 28.1 440 225 88 92 90 Chase 8.00 8.89 — 105 58 140 — 140 ClayR 6.50 4.64 6.7 168 70 35 36 35 ClayRPT 2.07 5.91 16.9 40 32 146 148 146 Clyde 8.00 5.48 24.3 165 112 — 560 — CoalAll 10.00 1.79 — 574 320 1030 — 1030 ColesM 32.00 3.11 14.3 1125 570 446 450 448 Comalco 24.00 5.36 18.1 504 220 181 184 181 CorpEqit 15.00 8.29 5.7 210 125 21 24 26 Duke — — — 46 3

Closing quotes Buy Sell Sale 260 280 — EDunlop 8 10 — Eastcourt 286 287 286 Elders 250 255 255 EldersRs 445 449 450 Email 80 81 81 EuroNat 45 50 50 Expo 380 385 380 FA! 75 80 80 FineMet 365 366 366 Fletcher '185 190 — Fortuna 272 275 275 GPT 60 62 62 Girvan 232 233 232 Goodman 6 8 6 HDFI 250 299 250 Hanimex 280 288 280 HardieJ 200 205 200 Helm 105 106 106 Hitek 223 225 223 Hooker 1600 1660 — I I Prop 716 720 716 ICI 106 138 — lELGrwth 79 — — lELIncme 142 145 142 ImaginT 151 152 151 Ind Equit 22 30 — InterPac — 156 — Intrchase 225 — — Jasco 240 242 240 Jennings 680 690 690 JonesDav — 85 — Jonray 225 230 225 Kern — 60 — Kimberley 20 28 20 Lrchhill — 2 — opt •49 50 — Leda 68 75 68 Leighton 1060 — 1060 LLease 604 606 604 MayneN 125 128 — McPhers 162 167 165 Memtec 69 70 68 NZICorp 660 — 660 NatAust 263 267 261 NatCons 1045 1050 1045 NewsCorp 248 250 250 OPSM 33 34 33 Oakbridge 468 470 468 PacDunlp 110 115 111 Parbury 78 85 78 PaynterD 65 72 —— new — 105 — nts 238 240 238 Peters SI 273 275 274 Pioneer C 510 — 510 QBE — 490 470 Qintex 190 207 — Reil 2 4 — Reil opt 970 980 970 Rothmans 375 380 375 SmithHwd 320 330 320 SthnFarm 18 26 — Stockbge — 16 — opt 27 33 — TAGPac 482 483 483 TNT — 155 — Taylor 62 65 62 USMaster — 600 — UnionC 24 30 24 Vapocure 24 25 24 Viking —— 28 28 Walton 406 — — Wattyl . — — WestCptl 328 337 328 WfieldHl 178 180 178 WfieldTr 135 136 136 Westmex 572 574 572 Westpac 84 88 85 WfldCap

Dividends Cents Yld% P/E ratio Year’s high low 8.00 3.08 — 275 220 — — — 55 6 19.00 6.64 7.2 365 270 — • — 338 250 17.00 3.79 14.8 460 230 — — 11.6 105 40 6.00 12.00 3.3 54 32 8.00 2.11 4.9 590 362 — — 10.0 106 55 19.50 5.33 7.9 450 360 11.31 5.95 8.6 200 90 23.60 8.58 11.7 305 260 4.50 7.26 4.8 88 42 11.00 4.74 10.1 292 185 — — — 85 5 15.00 6.00 6.0 295 125 17.00 6.07 10.5 370 245 3.00 1.50 11.8 300 160 — — 6.9 119 35 15.00 6.73 6.0 257 168 — — —— 1950 1600 22.00 3.07 19.0 740 400 5.80 5.27 19.0 140 70 11.60 14.68 6.8 90 73 8.00 5.63 8.9 160 70 10.00 6.62 19.5 200 130 — — — 150 20 — — — 180 160 2.50 1.11 12.7 230 150 10.00 4.17 10.2 280 175 42.00 6.09 6.9 960 520 — — — 90 80 6.00 2.67 18.6 272 150 — — — 100 55 8.00 40.00 0.2 70 18 ■■ — —— 10 1 2.00 4.00 — 60 30 4.00 5.88 6.9 85 44 50.00 4.72 12.5 1525 1010 24.00 3.97 13.2 736 435 7.50 5.86 9.8 140 110 1.50 .91 33.0 300 165 8.19 11.87 — 186 68 30.00 4.55 9.8 710 400 18.00 6.84 5.1 310 215 9.00 .86 7.0 1445 976 11.00 4.40 16.8 320 250 — — — 39 17 14.50 3.10 13.4 485 352 4.00 3.60 10.3 131 40 6.00 7.69 5.1 105 75 —— .11. 1. —— — —— 12.00 11.43 — 105 95 17.00 7.14 8.7 275 213 13.75 5.02 9.5 355 210 17.00 3.33 10.9 570 380 15.00 3.19 6.3 500 410 3.00 1.45 6.9 245 150 — —— —— 19 1 26.00 2.68 13.5 980 640 12.50 3.33 — 390 270 10.00 3.13 9.1 510 275 — — — 80 15 — — — 21 5 2.00 7.41 5.7 33 15 15.00 3.11 9.7 506 370 10.00 6.45 — 215 140 — — 38.8 65 50 24.00 4.00 10.8 620 450 — — — 30 10 — — — 30 8 — — — 35 24 12.50 3.08 12.7 440 335 — — — 230 140 7.50 2.29 19.4 770 310 17.30 9.72 10.3 198 163 10.50 7.72 8.9 162 60 30.00 5.24 9.3 790 450 1.00 1.18 16.3 97 45

Closing quotes Buy Sell Sale 69 70 68 WilNeill 346 350 345 Woolworth 198 200 200 Wormaid 33 34 33 AUR 138 140 140 ACMins 598 600 — Aberfoyle 125 127 127 Ashton 236 250 240 AustDevI 66 67 67 BHPGold 18 20 18 Bendigo 2 5 — ctg 3 5 — opt 350 352 350 Bougainvi 85 90 85 CNGold 886 890 890 CRA 66 70 — CarrBoyd 31 32 32 CityRes 12 15 12 ConsRes 950 960 950 ConsRtle 59 60 59 DeltaG 35 37 — opt 139 145 140 Dominion 316 320 317 ERA 465 470 470 Emperor 260 265 265 Forsayth 142 145 144 GMKalg 92 95 93 GiantRes — 1 — opt — 168 — Hill50 50 55 — JasonMin — 13 — Jlana 320 325 325 Kidston 41 — — Kitchener 9 12 — KiwiGold 203 204 203 MIM 145 — — MetalsEx 624 626 624 Metana — 45 — Moruya 235 240 240 Niugini 308 310 310 NBH 30 31 31 NthKalg — 550 — NthFlndr 31 32 — Otter 190 192 192 PancontM 48 50 50 Paragon 30 40 30 opt89 120 125 120 Paringa 72 73 72 PionMin 233 235 233 PlacrPac 185 190 185 Poseidon 129 132 127 QCTRes 650 660 650 RGC 584 — 590 SnsGwlia 14 15 15 Spargos 31 — 31 SthnPac 11 — — Technomin 8 — — TitanRes 1 3 — opt 532 534 534 WMC 120 135 120 WalMin 260 265 260 WestSand 60 62 62 AOG 195 198 200 Ampol 23 25 23 Beach 98 100 100 Bridge 51 52 51 opt 31 32 31 Claremont 125 130 — Crusader 22 28 24 Cultus 136 140 — Hartogen — — — Longreach 3 7 — Magnet 79 80 79 OilSch 193 197 — PekoOil 2 3 2 Petroz 343 350 345 Santos 245 250 — Vamgas 500 — — WeeksPet 190 195 190 Woodside

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