AUSTRALIA Shares up for 3rd day

Press, 9 December 1988, Page 22

AUSTRALIA Shares up for 3rd day

NZPA-AAP Sydney Australian shares closed firm in quiet trade yesterday as the market consolidated its gains of recent days. Brokers said stocks firmed for the third day running in a slight bounce spurred by a short-covering rally among broking houses, who were still trading on their own books. One broker said offshore investors were still sellers rather than buyers in the resource sector following the weaker Australian dollar and gold bullion prices. At the close of floor trading, the all ordinaries index had risen 4.8 points to 1476.1. The all industrials gained 6.9 points to 2462.6, the all resources 3.1 to 738.6 while the gold marker fell 2.1 to 1520.4. National turnover was 82.94 million shares worth sAustl2l.6BM, as rises led falls by about 10 to nine. In the industrial sector, BHP lifted 12c to 690, while News Corp shed 24c to 966 in thin trade and Fletcher Challenge was off 8c at 330. Brokers said the Bond camp remained volatile on lack of information in the market on its future intentions. Bond Corp added 2c to 175, Bell Resources fell 3c to 157, while JN Taylor Holdings rose 2c to 223 in active trade. Elsewhere among industrials, Bell Group rose 14c to 154, David Jones 10c to 696 and Adsteam 8c to 552. In the banking sector, Westpac climbed 8c to 570 and ANZ 2c to 544 while National Australia was steady at 670. Perth-based newcomers Energy Equity Corp added 50c to 100 and Wesfarmers Coop offshoot, the Franked Income Fund, climbed 124 c to 224 in their market debuts. Among gold stocks, Barrack Mines gained 10 to 345, Newmont rose 3c to 114 and Dominion 2c to 140. Poseidon added 1c to 225 on volume of 2.42 M shares, while Broken Hill Metals fell 10c to 175 and Pan Australian 5c to 405.

Among other miners, CRA lifted 8c to 762 and Bougainville Copper 2c to 280. Fourcent gains took Boulder Gold to 158 and MIM to 178. Closing quotes Last Industrial Buy Sell sale ANI 169 170 170 91 nts — 450 — 96 nts 320 325 320 ANZ 542 544 544 AWA 244 247 244 Acmex 115 119 119 AdelStm 550 552 550 Alcan 250 270 — Alpha 22 23 23 Amatil 870 880 870 AmatilB 800 — — Amcor 462 466 462 ApexPac 85 90 90 Argo 250 252 252 Ariadne 13 14 14 Arnotts 564 570 564 Arrowfeld 290 300 290 opt 105 — — AFound 138 140 140 AustOvrs 31 32 30 BHP 690 692 692 BTGlobal 43 45 — BTRNylex 860 862 862 BankQld 310 312 312 BellGp 155 160 154 pf 300 — —— Bell 155 157 155 Bisley — 2 — BondCorp 173 175 174 BondMed 39 40 39 opt 2 — 2 Boral 357 359 359 Brambles 1070 1090 1090 nts 1100 — 1100 Brick 416 420 420 Brierley 86 87 87 Bundaberg 260 270 270 Burns 265 268 269 CIG 400 420 400 CSR 434 435 434 Cadbury 444 445 444 Chase 75 77 77 ClayR 122 125 122 ClayRPt 33 34 — Clyde 135 136 135 CoalAll 480 —— —— ColesMyer 840 846 840 Comalco 410 412 412 CorpEqit 160 169 170 opt — 113 — Duke 16 17 17 EDunlop 270 280 275 Eastcourt 7 8 7 Elders 276 278 277 Elders Rs 234 235 234 Email 432 435 432 EuroNat 80 81 80 Expo —— 43 — FAI . 318 320 320 FineMet 55 58 55 Fletcher — 330 330 Fortuna 181 195 — GPT .270 275 267

Girvan 49 50 50 Goodman 204 207 205 HDFI 6 7 — Hanimex 300 400 —— HardieJ 270 272 272 Helm 153 155 155 Hitek 86 87 87 Hooker 200 202 200 IlProp 1570 1590 1590 ICI 688 692 692 lELGrwth 106 — — lELIncme 79 80 80 ImaginT 130 135 130 IndEquit 140 —— 140 InterPac 21 25 — Intrchase 140 150 148 Jennings 200 202 202 JonesDav 694 700 696 Kern 190 — 195 Kimberley — 60 — Lrchhill 10 28 — opt — 2 — Leda 47 50 50 Leighton 58 60 59 LLease 1010 1015 1015 MayneN 584 588 586 McPherson 122 125 122 Memtec 164 170 165 NZI 45 47 46 NatAust 668 670 670 NatCons 260 267 260 NewsCorp 966 970 966 OPSM 245 — 245 Oakbridge 33 34 33 PacDunlp 447 448 447 Parbury 105 110 108 Paynter 71 74 71 nts — 101 Peters 245 260 245 Pioneer 242 243 243 QBE 510 520 510 Qintex 400 40b — Reil 185 190 — opt 2 3 2 Rothmans 956 970 — SmithHwd — 370 — SthnFarm 317 320 320 Stockbge 32 34 — opt — 16 — TAGPac 25 27 25 TNT 380 385 383 Taylor 223 230 223 USMaster 63 6b — Vapocure 14 20 — Viking 28 30 30 Walton 22 24 — Wattyl 422 500 422 WestCptl 180 200 - WfieldHl 295 300 298 WfieldTr 174 175 175 Westmex 114 117 117 Westpac 568 570 570 WfldCap 73 75 73 WilNeill 68 69 69 Woolworth 361 362 361 Wormaid 182 190 190 AUR 30 32 — ACMins 121 123 121 Aberfoyle 496 — — Ashton 117 120 117 AustDevl 205 220 —

BHPGold 61 62 61 Bendigo 12 15 — ctg — 5 — opt 1 4 — Bougainvi 278 281 280 CNGold 78 80 78 CRA 762 768 762 CarrBoyd 73 75 — CityRes 27 28 28 ConsRes 16 17 16 ConsRtle 970 1000 970 Delta 50 51 50 opt 27 30 28 Dominion 140 141 140 ERA 315 320 315 Emperor 465 468 468 Forsayth 232 235 235 GMKaig 128 129 129 Giant 70 71 70 opt 88 — 1 — HHI50 185 — — JasonMin 30 40 35 J’lana 7 — —- Kidston 290 292 292 Kitchener 13 40 — KiwiGoki 10 12 —— MIM 178 179 178 MetalsEx 146 — — Metana 524 530 530 Moruya 40 45 — Niugini 210 230 210 NBH 257 259 260 NthKalg 26 27 26 NthFIndr 460 470 470 Otter 32 33 32 Pancont 178 179 178 Paragon 34 35 35 opt 15 — Paringa 80 90 90 PionMin 63 64 64 PiacrPac 222 223 223 Poseidon 222 226 225 QCT 110 111 110 RGC 652 660 652 SnsGwlia 524 — 530 Spargos 13 15 15 SthnPac 28 30 — Technomin 12 14 — Titan 7 9 9 opt 1 2 — WMC 477 480 476 WalMin 90 110 — WestSand — 245 — AOG 55 58 — AmpolExp 185 187 185 Beach 22 25 — Bridge 92 93 92 opt 42 43 42 Claremont 29 30 29 Crusader 107 110 107 Cultus 18 20 19 Hartogen 125 128 128 Longreach 3 4 3 Magellan — 230 — Magnet 4 5 — OilSch 72 75 72 Petroz 2 3 2 Santos 334 336 335 Vamgas — 240 240 WeeksPet — 640 600 Woodside 185 186 186