AUSTRALIA Wall St lifts shares

Press, 8 December 1988, Page 29

AUSTRALIA Wall St lifts shares

NZPA-AAP Sydney Overseas buying and a rally on Wall Street sparked a rise on the Australian sharemarkets for the second day running, dealers said.

There was a bit of interest from Hong Kong and Japan, one broker said. These buyers entered because of the overnight gain on Wall Street.

There was no genuine longterm investment coming .in and local institutions would stay away until the Australian dollar fell, one broker said. "The market is dead,” another said.

At the end of trading, the all ordinaries index had climbed 12.0 points to 1471.3.

The all industrials index jumped 21.6 points to 2457.6, the all resources 4.9 to 734.0 and gold 7.0 to 1520.0. About 89.21 m> ; .lion shares worth sAustls2.6oM were traded nationally as price rises led falls by about four to three.

The industrial stars were Amatil, which rose 18 cents to 900, Brambles 20c to 1095, Email 8c to 428, News Corp 30c to 990 and TNT 5c to 385. The leading industrial sectors were building and entrepreneurs. Eight cent gains took Boral to 353, Goliath Cement to 180, and Adelaide Brighton Cement to 215. Bell Group rose 10c to 140 and lEL 6c to 139. The banks were strongly bid. Westpac rose 6c to 564, National Australia 4c to 670 and ANZ 6c to 542. FAI was a loser again, shedding 4c to 316.

The lesser known stocks nudged the blue-chips off the turnover lists. About 5.29 M QCT Resources were traded as the share price rose 2c to 107. About 5M Oilmet shares were dealt as the price stayed steady at 23. JN Taylor shares rose 1c to 221. Gold stocks to climb were Broken Hill Metals, up 5c to 185, Dominion 4c to 138 and Niugini Mining 5c to 210.

Gold stocks to slide were Metana down 6c to 524, Whim Creek 4c to 166 and Gwalia 5c to 150.

Oil stocks were popular buys. AGL jumped 5c to 210, Australian Oil and Gas 3c to 58 and Woodside 4c to 188.

Closing quotes Last Industrial Buy Sell sale ANI 167 168 168 91nts — 450 — 96nts 320 325 — ANZ 540 542 542 AWA 240 243 243 Acmex 116 119 — AdelStm 542 546 544

Alcan — 270 — Alpha 22 23 22 Amatil 886 890 890 AmatilB 800 — — Amcor 460 461 460 ApexPac 85 90 — Argo 250 252 250 Ariadne 13 14 13 Arnotts 562 — 562 Arrowfeld 290 300 — opt 105 — 106 AFound 138 140 140 AustOvrs 30 32 — BHP 676 678 678 BTGlobal 42 45 — BTRNylex 860 862 862 BaQld 310 312 315 Bell 135 140 140 pref 300 — — BellRes 158 162 160 Bisley — 2 — Bond 173 175 173 BondMed 39 40 40 opt 2 4 — Boral 353 354 353 Brambles 1085 1090 1090 90nts 1000 1150 1100 Brick 412 420 416 Brierley 86 89 88 Bundaberg 260 270 265 Burns 268 270 270 CIG 400 420 — CSR 432 434 435 Cadbury 442 443 442 Chase 76 79 75 ClayR 122 125 122 ClayRPT 33 34 Clyde 135 136 135 CoalAll 480 — 485 ColesMyer 846 850 846 Comalco 415 420 425 CorpEquit 160 172 — opt — 113 — Duke 15 17 15 EDunlop 270 275 270 Eastcourt 7 8 7 Elders 276 277 276 Elders Rs 234 235 235 Email 428 430 428 EuroNat 80 81 80 Expo — 45 — FAI 317 318 317 FineMet 55 58 — Fletcher 335 338 338 Fortuna 180 195 180 GPT 267 270 270 Girvan 49 50 50 Goodman 204 205 205 HDFI 5 7 7 Hanimex 305 400 305 Hardie 270 272 272 Helm 152 155 155 Hitek 88 89 88 Hooker 200 201 200 UProp 1590 1600 1600 ICI 682 686 682 lELGrwth 106 — — lELIncme 80 — — Imagin 132 135 132 IndEquit 138 139 139 InterPac 21 25 — Intrchase 148 150 150 Jennings 195 200 200 JonesDav 686 690 686 Kern 190 195 195 Kimberley — 60 — Lrchhill 10 28 — opt — 2 — Leda 47 50 50 Leighton 59 60 60 LLease 1010 1020 1010 MayneN 586 590 586 McPherson 120 122 120 Memtec 160 170 165 NZI 45 46 45 NatAust 670 672 670

NatCons 260 267 260 NewsCorp 982 990 990 OPSM 240 — 240 Oakbridge 33 34 33 PacDunlp 442 445 445 Parbury 105 110 105 Paynter 71 74 — nts — 101 — Petersl 239 240 239 Pioneer 243 244 243 QBE 470 510 510 Qintex 400 405 — Reil 185 190 — opt 2 3 — Rothmans 956 —— 956 SmithHwd — 370 370 SthnFarm 315 320 315 Stockbge 32 35 33 opt —— 16 — TAGPac 25 27 25 TNT 384 385 385 Taylor 221 225 221 USMaster 63 65 63 Vapocure 14 20 — Viking 30 32 30 Walton 22 24 — Wattyl 420 — 420 WestCptl 183 200 — WfieldHl — 300 300 WfieldTr 174 175 174 Westmex 117 118 118 Westpac 562 566 562 WfldCap 72 75 72 WilNeill 69 70 70 Woolworth 361 362 361 Wormaid 190 197 190 AUR 30 32 30 ACMins 122 123 123 Aberfoyle 496 — 500 Ashton 113 115 114 AustDevl 205 — — BHPGold 61 62 61 Bendigo 10 16 10 ctg — 5 — opt 1 4 — Bougainvl 276 278 280 CNGold 76 80 76 CRA 752 754 754 CarrBoyd 73 75 — CityRes — 28 27 ConsRes 12 17 — ConsRtle 970 1000 1000 Delta 50 51 51 opt 25 30 28 Dominion 136 139 138 ERA 315 320 315 Emperor 473 475 473 Forsayth 240 242 240 GMKalg 128 129 129 Giant 72 73 73 opt — 1 — Hil!50 185 — 185 JasonMin 35 40 40 JTana 7 12 — Kidston 292 300 292 Kitchener 13 40 — KiwiGold 10 12 — MIM 171 172 172 MetalsEx 146 —— 146 Metana 520 530 524 Moruya 40 45 45 Niugini 205 210 210 NBH 261 262 262 NthKalg 26 27 26 NthFlndr 460 470 470 Otter 31 32 31 Pancont 180 182 180 Paragon 34 36 35 opt 15 — — Paringa — 100 95 PionMin 62 64 63 PlacrPac 223 225 223 Poseidon 222 -225 224 QCT 106 107 107 RGC 650 — 652 SnsGwlia 524 530 530

Spargos 12 15 14 SthnPac 27 30 28 Technomin 12 14 — Titan 9 12 — opt 1 2 — WMC 475 476 476 WalMin — 113 113 WestSand 240 245 — AOG 55 58 58 AmpolExp 182 184 184 Beach 22 25 — Bridge 94 95 94 opt 42 44 43 Claremont 30 31 30 Crusader 110 115 — Cultus 19 — 20 Hartogen 125 130 125 Longreach 3 4 — Magellan — 235 230 Magnet 4 5 — OilSch 78 80 78 Petroz 2 3 2 Santos 332 335 334 Vamgas 240 245 240 WeeksPet —- 640 600 Woodside • 190 195 190