Buyers return to Aust, market

Press, 7 December 1988, Page 49

Buyers return to Aust, market

NZPA-AAP Sydney The Australian sharemarket closed higher yesterday as local traders bought back into the market after six days of selling. But pessimism still gripped the market and long-term investors and local institutions were still uninterested, a dealer said. “The volume is so thin it’s difficult to get a handle where the market is going,” he said. By the close of floor trading, the all ordinaries index had jumped 11.2 points to 1458.6 after 88.82 million shares worth sAustl79.2oM were dealt nationally. The all industrials rose 18.5 points to 2344.6, the all resources 5.8 to 728.9 and the gold index 18.7 to 1514.3. A rise of 31 points on Wall St overnight started the upward surge in the all ordinaries, dealers said.

The day’s heaviest traded was JN Taylor which had 9.43 M shares worth 520.74 M dealt as the share price rose 12c to 220 to match Bond Corp’s latest offer for the remaining shares in its subsidiary. Bond was steady at 170. Among the industrial winners were Amcor, up 7c to 455, Arnotts 22c to 564, Adsteam 16c to 536 and Bell Resources 14c to 160. FAI slipped 15c to 310. The banks were mixed. National Australia Bank rose 6c to 558, ANZ fell 4c to 536 while Westpac ended unchanged at 558. Transport stocks had a good day. Brambles rose 20c to 1070, Mayne Nickless 4c to 584 and TNT 3c to 375. BHP rose 8c to 674, CSR 4c to 430 Gold stocks were mixed. Broken Hill Miners rose 5c to 315, Metana 10c to 530 while North Flinders Mines fell 10c to 420.

Closing quotes Buy Sell Sale 164 166 166 ANI — 460 — 91nts 320 330 320 96nts 536 538 536 ANZ 235 240 240 AWA 115 119 119 Acmex 536 540 536 AdelStm — — 270 Alcan 22 23 22 Alpha 880 886 876 Amatil 800 — — AmatilB 453 460 453 Amcor 84 90 82 ApexPac 245 248 248 Argo 13 14 14 Ariadne 550 564 560 Arnotts 290 305 300 Arrbwfeld 105 — — opt 138 140 140 AFound 30 32 30 AustOvrs 672 674 674 BHP 40 45 — BTGlobal 858 860 858 BTRNylex 310 315 310 BankQld 130 135 130 Bell 300 — — pref 159 160 160 Bell — 2 — opt 168 170 170 Bond 39 40 40 BondMed 2 — — opt 345 350 350 Boral 1075 1090 1075 Brambles 1000 1100 — nts 416 420 415 Brick 88 89 89 Brierley 263 265 260 Bundaberg 265 268 268 Burns 400 420 — CIG 430 432 430 CSR 441 442 441 Cadbury — 80 78 Chase 122 125 122 ClayR 33 34 — ClayRPT 135 140 140 Clyde 480 — — CoalAll 832 836 832 ColesMyer 402 — 405 Comalco 160 175 — CorpEqit ■— 113 — opt 13 17 13 Duke 270 275 — Dunlop 7 8 — Eastcourt 273 274 274 Elders 235 238 235 EldersRs 420 424 420 Email 80 81 80 EuroNat 40 45 45 Expodd 308 310 310 FAI 55 60 — FineMet 338 339 338 Fletcher 180 195 — Fortuna 262 266 266 GPT 49 50 49 Girvan 203 204 203 Goodman 8 15 8 HDFI 302 — 300 Hanimex 265 270 270 Hardie 151 153 155 Helm 87 89 88 Hitek 201 202 201 Hooker 1590 1600 1590 HProp 674 676 674 ICI

Dividends P/E Year’s Cents YId% ratio high low 10.20 6.14 8.2 216 144 34.10 7.41 — 500 380 30.50 9.53 — 385 302 34.50 6.44 7.5 568 332 10.50 4.38 34.8 340 185 10.00 8.40 19.2 155 100 38.00 7.09 5.3 780 400 16.00 5.93 13.2 285 130 .50 2.27 31.4 26 12 26.00 2.95 13.7 990 650 24.40 3.05 12.4 1000 700 23.50 5.19 11.9 540 354 6.00 7.14 — 115 75 11.00 4.44 20.5 300 200 — — — 52 11 17.00 3.04 20.6 564 524 — — 13.9 350 200 — — — 200 90 5.75 4.11 26.6 155 102 1.50 5.00 76.5 46 29 34.00 5.04 10.7 890 628 3.00 7.50 — 48 30 20.00 2.33 27.3 980 600 16.00 5.16 12.0 380 260 10.00 7.69 — 265 85 39.00 4.43 .— 900 200 12.50 7.81 — 190 97 — — —— 5 1 14.00 8.24 2.1 235 149 2.00 5.00 7.3 84 39 — — — 12 2 19.50 5.57 10.9 522 325 32.0 2.98 13.6 1145 740 30.75 2.85 — 1170 750 10.00 2.40 24.2 440 310 7.80 8.76 6.6 190 88 7.50 2.85 20.8 340 220 10.00 3.73 10.8 440 264 17.00 — — — — 28.00 6.51 15.1 506 305 9.00 2.04 30.4 445 225 8.00 10.26 — 105 58 6.50 5.33 5.8 168 70 5.18 15.70 6.4 40 32 8.00 5.71 23.3 165 112 10.00 2.08 — 574 320 28.44 3.42 13.0 1125 570 24.00 5.93 16.3 504 220 15.00 8.57 5.5 210 125 — — — 140 13 -— — — 46 3 8.00 2.96 — 278 220 — — — 55 6 19.00 6.93 6.9 365 264 — — — 338 232 17.00 4.05 13.8 460 230 — — 11.4 105 40 4.00 8.89 3.0 45 45 8.00 2.58 4.0 590 300 .— — 7.5 106 50 19.50 5.77 7.3 450 335 11.31 6.28 8.2 200 90 23.60 8.87 11.3 305 260 5.00 10.20 3.8 88 42 11.00 5.42 8.9 292 185 — — — 85 3 15.00 4.97 7.2 310 125 17.00 6.30 10.1 370 238 3.00 1.96 9.0 300 149 — — 7.2 119 35 15.00 7.46 5.4 257 168 — — — 1950 1520 36.00 5.34 11.2 740 400

106 — 106 lELGrwth 80 — 80 lELIncme — 133 133 Imagin 132 133 135 IndEquit 21 25 — InterPac 148 152 150 Intrchase 200 205 202 Jennings 686 690 686 JonesDav 195 200 200 Kern — 60 — Kimberley 10 28 — Lrchhili —— 2 — opt 48 50 48 Leda 59 60 60 Leighton 980 — 980 LLease 584 586 584 Mayne 120 125 120 McPher 160 170 165 Memtec 46 47 47 NZI 666 — 666 NatAust 260 265 260 NatCons 950 960 960 NewsCorp 240 — 240 OPSM 33 34 34 Oakbridge 435 437 435 PacDunlp 105 110 105 Parbury 71 74 — Paynter — 101 — nts 240 245 240 Peters 240 242 242 Pioneer 510 516 510 QBE 400 407 407 Qintex 185 190 185 Reil 2 3 — opt 956 960 — Rothmans — 375 375 SmithHwd 311 315 315 SthnFarm 30 34 — Stockbge — 16 — opt 25 27 — TAG 380 385 375 TNT 215 220 220 Taylor 63 65 63 USMaster 14 20 — Vapotcure 30 31 30 Viking — 24 —' Walton 420 — 420 Watty! 180 — 200 WestCptl — 300 300 WfieldHl 173 174 173 WfieldTr 114 116 114 Westmex 558 560 558 Westpac 72 75 72 WfldCap 69 70 70 WilNeill 361 362 361 Woolworth 180 190 190 Wormaid 30 32 32 AUR 123 124 121 ACMins 496 500 — Aberfoyle 113 114 114 Ashton 200 — 200 AustDevl 60 61 60 BHPGold 10 16 — Bendigo — 5 — ctg 1 4 — opt 280 282 280 Bougainvl 77 79 79 CNGoId 742 748 746 CRA 73 74 73 CarrBoyd

CO CO CO-h- >—■ ►— •— ‘ h- tO i— ►— >— >— >— >— > >— -—CJI to CTl Ox x- >— kp p Ox p p cn to tO ppp PfO P p p p p to p _4x 4X XC to OO CT. to O O CO >— Cn o o o co | | | I o | o o o I 1 o o o bi co bi I bi | 1 | | o o o | |'obio|oa5o'-joooobi|oooob>bibiooob<|o|ooo| i bbbb oooui I I I loloool 1 o o o o o o 1 o 1 I I 1 o o o I looolocoocjiooooalcooQaooooooloiaool 1 o o o o Ox Ox p p p ppp p p p p p to to p p p COCOtO J-WWCnOH-pOWW p ppp ppppOx Lu CO 05 Ox ~O 05 Ox CJI boobb | | | | bi | bbb | | to co co to o bi | co I I | I bbb | | b- co -J 1 bs co co bs o bo bx bo co 1 bi b> co bi co b> to L— 05 b- | Lu i o b- b> | I bibbib >— CO 05 >— 1 | 1 1 O 1 H- CD U1 I |coco>— H-oolcol 1 1 I yi U1 h- | |OCO>-|NUlCoCnOOOOUli-‘«l i 00 I to to O -J to co i— < >—‘ to *—• co >—* >—• >— * co >—• ►_<»_, 0)0 0 00 | | | to J— CO CO -O p | 4xpCOpl«Op~JCOCO. . . co. OCI | . p | W | ppppoo. P p to | pppp. . O | 05 05 CO . | -0000500 Lu co o bx | 1 1 ‘co bo b> 05 co I co '-o bo b> bi o bo co L— | | | bx | L- ‘-q | I 05 1 co I ►— o bo bx bo I an -o bi 1 ►— Ltx bx | o to ‘-o bi | I to 1 bi bo 05 1 1 to co b> co »— co ►— rfx H- Wt-O5 4k toco OH- H- Oto A tOCJl CJ1COCO tOCHCnCOtO>—>— H-Ox co >u co -o CO >—‘ 0 cn ►— toco to H- to ►— ►— OC00x k U4xt0-0O00CC-005CnO05-0C0CPCT5'X'~JC0HUC0C0C0Cr5tOG0C0t0 00H- COOOI—‘OxO-OCh-OOOCOOOCOtOOxf— -00-JCT50000CJ1005COOX cnjxo ouiccooic tocuim to cji cji *00 to co 0 oom to ocnoa5co>—oooococncsocncncjicn >—cncoom 0 oat oocscncn 0 0 0 0 to 00000000 ►U to CO <— H- to dx ►— co >— CO »—‘ CO to to C5 ►— Ox CO to to CO to CO to Ox Ox co >— CJI >— ►— >— <35 Ox -0 -J ►— cncooox>—‘Cooocooxcn05C500xcoto >— cn co <35 ►— >—-o-oox cn 0 00 ►— >— coooxcnt— co cji >— 0 Ox cji t—« >— cncnto-ooxtoco-o~o~o o-ooooxtoc35<x>cnooc»ocnocjicnoocoo<ocjitooooocjicncncjicjicnoo>'— 0‘00ococjicjioto«xjooxcjio<350ocyioox0'— oocTioocjioooocoo

12 28 17 28 CityRes — ConsRtle 52 54 52 Delta — 29 28 opt 133 134 134 Dominion 315 320 315 ERA 470 480 475 Emperor 240 242 241 Forsayth 130 132 130 GMKalg 72 73 73 Giant — 1 — opt 185 — — Hill 42 — Jason 11 — Jlana 295 300 295 Kidston 13 40 — Kitchener 10 12 10 KiwiGold 169 170 169 MIM 146 148 — Metals EX 520 530 530 Metana 42 45 . — Moruya 202 205 205 Niugini 258 265 256 NBH 26 27 27 NthKalg 450 474 470 NthFindr 30 32 — Otter 175 180 175 Pancont 34 36 35 Paragon 15 — — opt — 100 95 Paringa 62 63 62 PionMin 226 228 225 PlacrPac 220 222 220 Poseidon 105 108 105 QCT 650 656 652 RGC 524 530 — SnsGwlia 13 15 13 Spargos 26 28 28 SthnPac 12 14 — Technomir 9 12 — Titan 1 2 — opt 467 470 468 WMC 100 115 115 WalMin — 240 240 WestSand 55 57 55 AOG 180 186 185 AmpolExp 22 25 — Beach 92 94 93 Bridge 42 45 42 opt 30 32 30 Claremont 110 120 — Crusader 18 20 18 Cultus 125 130 125 Hartogen 3 4 3 Longreach 230 — — Magellan 4 5 4 Magnet 78 81 78 OilSch 2 3 3 Petroz 333 334 334 Santos — 240 — Vamgas 600 650 650 Weeks Pet 184 188 184 Woodside

CM oo CM CZ2C-1 O ’T rr ’T 00 M* C'] M M O - OOCJCMinOOCMin —( CM o •—< r—' CM co CO >—< O —< irt CM CM — < — < — < CM — < >— < tO CM CM M* »— m — < r— _< tn LO CO «— < ■— < —< —• CM CO CM in ioior~M 4 |OOcMr~cMM*ir>— *m*— r- r- co co m co o m co in co o •—< tn —< co oo co cm o O r-< co M* CO CO —• CM CO M* CM CM O COCO Ci CM CM CM CM CM >-< O C-- CO -I CM CO —- CM CO •—> M* CO r-» CM I 00 1 1 CM tfO oo O a> t"- 1 CM 1 I CM 1 I CO 1 CO | O O CM CO CO I 1 co 1 M*. CO CO CM in 1 I | 1 | OO | TT Ci in M* O■ 1 I CO I CM I cn 1 I | O M* CM V1 o ' ' in o m* o’ r-' in ' co ' 1 tn 1 1 ci 1 aj ‘ MiOMVdn 1 1 cd 1 rd od oo cm cd * 1 1 ' ' d 1 r-'ddccd 1 1 cd 1 cd ' ■*r * ' 1 oo ci cm’ _ _( CM —■ r-< CM r-H M* r-. — r-< CO »—«>—' CM CM •“* CM KS 1 1 1 1 1 ISI IS IS 1 1? IS IS 1 IS 1 ISS.SSS 1 1 1 IS IS 1 IS 1 1 IS 1 1 1 1 1 1 ISS 1 1 od in cm co m* co ai o cm m* cd o •— < od d id oi ci >■' m* cd d cm in cd CM r-< »-< —' SS 1 1 SSSSS 1 1 1 1 1g 1 1g 1g 1 1g 1g 1g 1 ISI 1gsggg 1 1 1 1g Ig 1 1g 1 1 12 i 1 1 1 1 1 1 gg 1 1 cd cm m* o o od cm cm id d ci cd cm’ r-i d d d d rd cd «—< cm ai od in — i cm r-< co cm tn r-< m cm >—< C -fe* _es tr?