Aust, bull run comes to halt

Press, 17 January 1989, Page 27

Aust, bull run comes to halt

NZPA-AAP Sydney The bull run on the Australian share market came to a halt as negative sentiment on weaker metal and futures prices prevailed. Brokers said the gloomy combination of Wednesday’s current account figures for December, United States trade figures on Thursday and thin volumes in most sectors put a lid on the market.

It was further hampered by the absence of overseas influence with the Tokyo market and Wall Street being closed today for public holidays, they said. By the close of floor trading, the all ordinaries index was down 5.8 points to 1512.2. "It’s not as though the sky is full of clouds — but there are certainly some gathered over us at the moment,” one broker said. “Hopefully, this is just a momentary break in the bull run.”

The all industrials fell 13.2 to 2520.2, the all resources 0.7 to 758.0 and the gold marker 0.4 to 1461.5. National turnover was light with only 62.55 million shares worth sAustll2.BsM changing hands. Declines were slightly ahead of rises.

The leading industrial stocks had a mostly poor trading day with News Corp down 20c to 1035, Arnotts down 18c to 600, Lend Lease Corp down 10c to 1075 and BTR Nylex down 6c to 900. BHP dropped 6c to 738, TNT 8c to 370 and Fletcher Challenge 6c to 350, and Pioneer International 5c to 260 despite news of its fourth company acquisition, Fletcher Granite, in the United States in the last year. Elders IXL slipped 2c to 286 as 2.78 M shares were traded, a large number of them in overseas transactions.

The insurance sector was quiet with FAI down 2c to 233 and QBE steady at 504. Banking stocks also fared badly as ANZ lost 2c to 540, National Australia 6c to 644 and Westpac 6c to 544. Mining stocks had mixed fortunes. Western Mining lost 12c to 502 and Broken Hill Metals 10c to 150 while Cudgen RZ jumped 30c to 850, CRA gained 4c to 832, MIM 4c to 177, Bell Resources 5c to 145 and North Broken Hill 2c to 257.

Australmin Holdings lost 1c to 15c as 5.48 M shares changed hands. In the energy sector, Santos improved 4 c to 354 as 2.95 M shares were traded. Ampol Exploration was up 2c to 180. Closing quotes Last Industrial Buy Sell sale ANI 173 179 177

91 nts 415 430 415 96 nts 316 — — ANZ 538 540 540 AWA 228 230 230 Acmex 142 148 — AdelStm 604 608 606 Alcan — 275 — Alpha 22 23 — Amatil 930 932 932 AmatilB 850 — — Amcor 465 466 466 ApexPac 105 120 105 Argo 235 240 235 Ariadne 16 17 17 Arnotts — 600 600 Arrowfeld 260 270 270 opt .— 100 — AFound 150 — — AustOvrs 29 30 30 BMP 736 738 738 BTGlobal 46 — 47 BTRNylex 900 904 900 BankQld 310 315 315 Bell 199 200 200 pf 600 — — BellRes 142 145 145 Bisley opt — 1 — Bond 183 185 185 BondMed 42 43 42 opt 3 5 4 Boral 352 355 356 Brambles 1115 1120 1115 nts 1155 — — Brick 430 — 430 Brierley 101 102 102 Bundaberg 275 280 280 Burns 288 290 288 CIG 390 420 — CSR 437 438 438 Cadbury 437 438 437 Chase 78 80 80 ClayR 140 142 140 ClayRPT 38 39 39 Clyde 152 155 152 CoalAll — 480 — ColesMyer 890 900 900 Comalco 390 395 395 CorpEqit 160 168 — opt 85 105 — Duke 13 14 —

Dunlop 275 280 — Eastcourt 7 8 — Elders 286 287 286 Elders Rs 240 — 240 Email 428 430 428 EuroNat 81 89 81 Expo dd — 43 40 FAI 232 234 234 FineMet 50 55 51 Fletcher 350 352 350 Fortuna 200 — — GPT 271 272 272 Girvan 54 55 54 Goodman 198 199 198 HDFI 5 6 5 Hanimex 300 —. 300 Hardie268 269 268 Helm 144 145 145 Hitek 74 75 74 Hooker 210 212 210 UProp 1625 1640 1625 ICI 674 676 676 lELGrwth 110 — — lELIncme 82 — — ImaginT — 138 138 IndEquit 160 162 160 InterPac 25 27 26 Intrchase 146 150 150 Jennings 210 212 210 JbnesDav 800 810 800 Kern 205 210 210 Kimberley 55 60 — Lrchhill — 20 — Leda 46 48 — Leighton 61 62 61 LLease 1075 1085 1075 MayneN 582 584 582 McPherson 122 125 —— Memtec — 150 150 NZI 43 44 44 NatAust 642 644 644 NatCons 274 278 278 NewsCorp 1030 1040 1035 OPSM 245 250 255 Oakbridge 33 34 — PacDunlp 468 469 469 Parbury — 100 — Payee 72 76 72 nts — 101 90 Peters 240 244 244

Pionlnt 258 260 260 QBE 504 510 504 Qintex 380 400 — Reil 160 188 160 opt 1 2 — Rothmans 950 980 980 SmithHwd 340 350 340 SthnFarm 332 — 340 Stockbge 28 34 — opt — 16 — ■ TAGPac 25 28 — TNT 368 370 370 Taylor 220 222 — USMaster 60 —— — Vapocure 10 20 — Viking 32 33 32 Walton 25 30 —— Wattyl 490 495 490 WestCptl 190 200 — WfieldHl 280 285 — WfieldTr 181 185 185 Westmex 133 134 134 Westpac 542 544 544 WfldCap 76 78 77 WilNeill 70 71 71 Woolworth 361 362 361 Wormaid 195 200 195 AUR 30 32 32 ACMins 122 123 123 Aberfoyle 495 500 495 Ashton 122 124 124 AustDevl 170 195 — BHPGold 54 55 55 Bendigo 7 8 8 ctg — 2 — opt 1 3 — Bougainvl 297 298 297 CNGold 70 72 70 CRA 830 832 832 CarrBoyd 65 — 65 CityRes 28 30 30 ConsRes 12 30 —- ConsRtle 1060 — — Delta — 46 46 opt 20 21 — Dominion 140 142 142 ERA 320 — 320 Emperor 428 430 430 Forsayth 200 203 203 Giant 71 72 71

Hill50 180 — — JasonMin 35 38 38 J’lana 9 10 — Kidston 264 265 264 Kitchener 35 50 — KiwiGold 6 9 — MIM 178 180 179 MetalsEx 148 — — Metana 502 506 504 Moruya 40 44 — Niugini 342 345 345 NBH 256 258 258 NthFlndr 475 485 — Otter 31 — —— Pancont 186 195 185 Paragon 28 30 — opt 15 — Paringa 76 80 — PionMin 66 70 68 PlacrPac 216 217 216 Poseidon 225 227 226 QCT 112 113 112 RGC 636 644 640 SnsGwlia 485 495 485 Spargos 12 13 — SthnPac 46 47 46 Technomin 6 7 — Titan 8 10 — opt — 1 — WMC 500 502 502 WalMin 110 114 — WestSand 240 270 —■ AOG 65 70 — AmpolExp 178 180 180 Beach 23 24 24 Bridge 93 96 96 opt 45 46 46 Claremont 28 29 28 Crusader — 130 130 Cultus 21 25 — Hartogen 120 130 — Longreach 2 3 — Magellan 235 240 235 Magnet 4 5 5 OilSch 76 77 76 Petroz 2 3 2 Santos 353 355 354 Vamgas 235 — — WeeksPet 800 850 —— Woodside 192 193 192