AUSTRALIA Golds take market down

Press, 30 March 1989, Page 22

AUSTRALIA Golds take market down

NZPA-AAP Sydney The Australian sharemarket was just off the day’s low by the close yesterday, driven down by a sell-off of stocks with gold exposure.

Brokers said the market was “soggy” for the second day running with negligible buying ahead of the expiry of a major options series today and the March share price index futures contract on Friday. They said investors took little notice of the 357.46 points jump in Tokyo’s Nikkei index to a record 32,663.82. By the close of floor trading the all ordinaries index had sunk 7.4 points to 1479.4. The all industrials index fell 6.6 points to 2432.5, The gold index tumbled 25.2 points, or 1.6 per cent, to 1540.1 on a sharp drop in bullion prices overnight. Gold producers fared badly with Niugini down 24c to 396, Placer Pacific 5c to 250, Forsayth 8c to 200, Whim Creek 4c to 246 and Homestake 4c to 77. Western Mining slipped 4c to 498, CRA 2c to 866 and MIM 3c to 176 as 2.61 M shares changed hands. BHP, down 12c at 766, suffered most in a lacklustre industrial sector. David Jones lost 10c to 1000 and Elders IXL 4c to 270 as 3.12 M shares changed hands. In the insurance sector, FAI gained 3c to 258 while QBE was steady at 502. National Australia, enmeshed in the Rothwells liquidation row, shed 8c to 632 and ANZ 2c to 514 as 1.58 M shares crossed in dividend-related trading. Westpac was unchanged at 534.

Closing quotes Last Industrial Buy Sei! sale ANI 152 154 154 91nts 380 382 —- 96nts 290 295 290 ANZ 512 514 514 AWAdd 105 108 105

Acmex 155 165 — AdelStm 640 650 648 Alcan — 252 — Alpha 23 25 — Amatil 942 944 942 B 866 — — Amcor 434 435 435 ApexPac 85 95 — Argo 235 236 235 Ariadne 19 20 19 Arnotts 544 550 550 Arrowfeld 240 250 250 opt89 75 80 — AFound — 140 140 AustOvrs 36 37 36 BHP 766 768 766 BTGlobal — 51 —- BTRNylex 918 920 918 BankQld 350 360 — BellG 150 158 — BellRes 128 130 128 Bisley opt — 1 1 BondCorp 159 161 160 BondMed 36 37 37 opt 2 3 —— Bora! 320 321 320 Brambles 1155 1160 1155 nts 1180 — — BrickP — 385 385 Brierley 105 107 106 Bundaberg — 282 —— BurnsP 259 260 260 CIG 450 .— —— CSR 406 407 406 Cascade 85 86 85 Chase 43 45 44 ClayR 80 85 80 PT 40 41 40 Clyde 160 162 160 CoalAlI 460 470 470 ColesMyer 804 812 806 Comalco 348 350 346 CorpEqit 158 160 — Cortaus 1 2 ——• DukeGrp 9 10 9 Eastcourt 9 10 9 •Elders 269 270 270 ElderNZFP 235 248 240 Email 385 387 387 EuroNat 81 — 81 Expodd 33 35 35 FAI 257 258 258 FineMet 30 42 42 Fletcher 393 398 395 GPT 250 253 250 Girvan 56 57 56 Goodman 196 197 197 HDFI 5 6 — Hanimex 320 340 — HardieJ 233 234 233 HelmCorp 123 124 — Hitek 52 56 — Hooker 185 186 185 IlProp 1660 1690 —

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CNGold 71 74 71 CRA 864 866 866 CarrBoyd • 68 70 70 CityRes 18 20 20 ConsRes 8 11 8 ConsRtle — 1040 1040 DeltaG 42 44 43 opt 17 18 17 Dominion 140 142 140 ERA 235 240 240 Emperor 490 494 490 Forsaytli 196 200 200 GMKalg 112 118 112 GiantRes 56 57 57 JasonMin 19 20 20 Jlana 6 8 —— Kidston 282 290 282 Kitchener 39 42 —. KiwiGold 5 9 6 MIM 176 177 176 MetalsEx 140 — Metana 408 410 410 Moruya 46 48 47 Niugini 392 396 396 NthBH 240 241 240 NthKalg 30 31 31 NthFlndr —— 210 215 Otter 20 21 21 PancontM 170 171 170 Paragon 17 18 17 opt — 10 —— Paringa —■ 70 — PionMin 44 45 46 PlacrPac 250 251 250 Poseidon 248 253 250 QCTRes 113 114 113 RGC 710 —— 710 SnsGwlia 580 — -• 580 Spargos 14 15 15 SthnPac 45 46 46 Technomin 6 8 —— TitanRes 6 —■ — opt — 1 — WMC 497 498 498 WalMin 160 165 160 WestSand 260 270 — AOG 60 62 60 AmpolExp 147 148 148 Beach 17 19 — Bridge 85 86 86 opt 37 38 38 Claremont 27 28 28 Crusader 123 125 125 Cultus 43 — 43 Hartogen 115 120 115 Longreach 3 — 3 Magellan — 215 200 Magnet 3 4 — OilSch 63 65 63 Petroz 2 3 2 Santos 376 378 378 Vamgas 254 255 255 WeeksPet 850 900 — Woodside 210 214 214