AUSTRALIA Options predominate

Press, 1 April 1989, Page 35

AUSTRALIA Options predominate

NZPA-AAP Sydney Australian stocks continued to slide yesterday afternoon as investors focused on options and futures-related trading. By the close of trading the all ordinaries index had fallen 9.3 points to 1457.7. Brokers said the overall lack of interest in the national market other than for options reflected the gloomy interest rate outlook and depressed base metal prices. They said stocks in most sectors, particularly the interest rate-sensitive banks, suffered from the infusion of bearish sentiment.

The all industrials index fell 12.4 points to 2402.5 and the all resources 6.8 to 749.1. Softer bullion prices saw the gold marker slump 20.7 to 1499.6.

National turnover, which was mostly optionsrelated, was a healthy 105.10 million shares worth sAust2sl.2lM. Declines exceeded rises by about 12 to 7. BTR Nylex, down 24c at 890 as 2.53 M shares

traded, was the worst performer in the industrial sector. News Corp lost 20c to 1165, Amatil 12c to 928 and CSR 2c to 401 as 4.09 M shares changed hands. Adsteam fell 4c to 640 while TNT was steady at 318. Hudson Conway lost one cent to 117 as 1026 M shares or 4.57 per cent of issued capital traded in three special sales at 115 each amid concern about its brewing business after radical changes to the British industry. Elders IXL, which owns 30 per cent of Hudson, fell 3c to 263. BHP slipped 2c to 760 after posting a nine-month profit of sAust742.BM with a one-for-10 bonus share issue. Rothmans put up a strong display, jumping 20c to 980. Brambles was also ahead, 5c at 1135, and Victorian Equity Trust 6c at 92 as 16.03 M shares or 2.9 per cent of capital changed hands. Insurance stocks were weak with FAI down 4c at 254 and QBE lc at 499. Among the banks.

Closing quotes Buy Sell Sale 151 152 151 ANI 380 382 — 91nts 290 295 — 96nts 494 496 496 ANZ 100 104 104 AW A dd 155 165 — Acmex — 640 640 AdelStm 235 245 — Aldan 15 23 23 Alpha 928 930 930 Amatil 866 — — Amatil B 429 430 430 Amcor 70 85 85 ApexPac 235 236 236 Argo 20 21 21 Ariadne 530 540 540 Arnotts 245 255 245 Arrowfeld — 75 — opt 137 138 138 AFound 36 37 36 AustOvrs 758 760 760 BHP — 50 — BTGlobal 888 890 890 BTRNylex 350 360 360 BankQld 150 155 150 BellG — — — pref 117 118 118 BellRes — 1 — Bisley opt 158 160 160 BondCorp 34 35 35 BondMed 2 3 — opt 311 312 312 Boral 1130 1135 1130 Brambles 1180 1200 1200 nts 382 385 380 BrickP 105 106 106 Brierley — 275 — Bundaberg 261 262 262 BurnsP 450 — — CIG 400 401 401 CSR 82 85 85 Cascade 39 40 39 ChaseCrp 86 87 87 ClayR 40 41 40 ClayRPT 155 162 160 Clyde 455 458 458 Coal All 798 800 800 ColesMyer 343 355 343 Comalco 158 163 157 CorpEqit — — — opt 1 2 1 Cortaus 9 10 9 DukeGrp —_ — — Dunlop 9 10 9 Eastcourt 262 263 263 Elders 232 233 233 EldersRs 385 387 387 Email 87 90 87 Euro-Nat 33 40 33 Expo dd 254 255 255 FAI 49 50 48 FineMet — 386 387 Fletcher

Dividends P/E Year’s Cents Yld% ratio high low 10.59 7.01 7.5 180 148 34.10 8.97 — 435 375 30.50 10.34 — 320 290 34.50 6.96 7.0 566 496 10.50 10.10 15.1 132 104 10.00 6.45 25.0 165 125 94.00 14.69 6.3 670 558 20.00 8.16 4.1 285 250 1.50 6.52 32.9 27 22 30.00 3.23 13.9 980 870 30.00 3.33 13.4 900 850 23.50 5.47 11.3 475 415 6.00 7.06 — 115 85 11.00 4.66 22.8 247 228 — — — 22 13 14.00 2.59 19.9 624 250 — — 11.3 290 230 — — — — 75 6.00 4.35 26.2 155 138 1.50 4.17 11.8 37 28 34.00 4.47 12.1 778 678 7.00 14.58 — 56 46 30.00 3.37 12.3 944 866 16.00 4.44 14.0 360 310 — — — 200 145 39.00 4.43 — —— — 15.00 12.71 3.1 145 115 — — — 1 1 16.00 10.00 2.0 187 138 — — 6.4 44 33 — —— —— 5 2 20.00 6.41 9.7 368 310 36.00 3.19 14.2 1185 1030 30.75 2.56 — 1200 1145 10.00 2.62 22.2 465 380 7.60 7.17 8.1 121 98 10.00 3.64 21.8 282 255 15.00 5.73 10.6 295 255 16.00 3.56 12.5 450 400 28.00 6.98 14.1 445 400 4.00 4.71 20.2 86 68 7.50 19.23 2.1 82 26 6.50 7.47 4.1 145 75 5.18 12.95 7.7 41 32 9.00 5.63 26.7 162 145 12.00 2.62 — 480 440 28.44 3.56 12.5 924 778 32.00 9.33 4.9 430 342 15.00 9.49 4.9 176 155 — — — 88 80 —- — — 3 1 — — — 16. 9 8.00 2.62 — 305 280 — — — 12 5 19.00 7.22 6.6 304 263 14.44 6.20 17.8 262 228 17.00 4.39 12.7 440 370 — 12.4 87 80 4.00 12.12 2.2 40 25 10.00 3.92 3.3 270 218 — — 6.1 55 40 19.00 4.92 8.6 410 326

254 253 GPT 24.00 9.45 10.6 278 246 52 54 54 Girvan 5.00 9.26 4.2 65 48 194 195 194 Goodman 11.00 5.67 8.5 220 188 5 6 5 HDFI — — —- 8 5 338 338 Hanimex 18.00 5.33 8.1 385 300 235 236 236 Hardie J 18.00 7.63 8.9 272 225 IIS' 120 115 HelmCorp 6.00 5.22 6.8 164 115 48 51 50 Hitek — — 4.1 79 50 181 182 181 Hooker 15.00 8.29 4.9 215 181 650 1690 1650 UProp — — — 1700 1600 602 604 604 ICI 36.00 5.96 10.0 704 600 100 lELGrwth 5.94 4.34 23.1 140 120 — lELIncme 11.88 14.14 7.1 82 82' 114 115 114 ImaginT 8.00 7.02 7.1 140 108 148 151 151 IndEquit 10.00 6.62 19.5 179 145 165 165 Intrchase 3.00 1.82 — 170 135 190 193 193 Jennings 13.00 6.74 8.2 225 191 990 1000 990 JonesDav 30.00 13.13 9.8 1025 726 165 170 170 Kern 6.00 3.53 14.0 210 170 76 80 —- Kimberley — — — 80 55 6 8 — Lrchhill 8.00 33.33 0.1 12 8 — — — Opt — — — 1 1 46 48 50 Leda 2.00 4.17 — 52 45 61 64 — Leighton 6.00 9.68 6.3 70 60 938 — 940 LLease 54.00 5.74 11.1 1125 930 518 520 518 MayneN 30.00 5.79 11.3 584 506 25 30 — McCDo’H — — — 28 18 105 108 105 McPh’son 7.50 7.14 8.0 125 104 183 185 183 Memtec 1.50 .82 36.6 200 137 34 36 36 NZICorp 3.80 10.56 — 44 31 614 618 616 NatAust 60.00 9.74 7.3 664 610 311 312 310 NatCons 50.00 16.08 6.1 315 260 .165 1170 1165 NewsCorp 10.00 .86 ■ 7.8 1215 964 — 197 197 OPSM 11.00 5.58 13.2 262 195 30 — 30 Oakbridge — — — 38 30 414 415 414 PacDunlp 15.00 3.62 13.1 475 410 70 80 75 Parbury 4.00 5.33 6.9 100 075 70 75 75 PayceCon 6.00 8.00 4.9 78 60 80 95 — Connts 12.00 12.63 — 96 90 251 255 251 PetersSI 20.00 7.97 8.7 265 240 240 242 242 Pion.Int 13.75 5.68 8.4 272 232 499 510 510 QBE 17.00 3.33 10.9 570 492 360 390 395 Qintex 13.63 3.49 5.7 405 350 200 208 210 ReilCorp 3.00 1.44 6.9 215 155 2 20 —- Opt92 — — — 2 2 970 — 980 Rothmans 50.00 5.10 13.6 980 926 370 — 375 SmithHwd 20.00 5.33 — 375 335 300 303 300 SthnFarm 10.00 3.33 10.1 350 300 30 35 — Stockbge — — — 35 26 — 10 — Opt — — — — — 24 25 24 TAGPac 2.00 8.33 5.1 25 23 318 319 318 TNT 15.00 4.72 7.6 382 307 — 230 —- Taylor — — — 240 220 63 — —— USMaster — — 39:4 65 62 — li — Vapocure — — — 15 8 32 37 33 Viking — — — 52 28. 510 518 — Wattyl 12.50 2.41 16.2 550 430 — 175 — WestCptl — —, 20.4 195 170 250 255 255 WfieldHl 7.50 2.94 15.1 300 240 168 169 169 WfieldTr 18.02 10.66 9.4 187 166 128 129 128 Westmex 11.20 8.75 8.8 142 125 522 526 526 Westpac 33.00 6.27 5.6 574 516 59 60 — WfldCap 1.00 1.67 11.5 80 55 355 — 360 Woolworth — — 4.00 370 355 210 215 215 Wormaid 4.00 1.86 — 225 165 28 30 — AUR 2.00 6.90 4.8 32 25 153 155 153 ACMins 7.00 4.58 9.4 161 112 — 480 480 Aberfoyle 11.00 2.29 32.0 560 480 110 111 111 Ashton 6.00 5.41 8.5 139 103 175 180 175 AustDevl 3.00 1.71 25.0 220 160 53 54 54 BHPGold — — 20.6 60 48 7 8 7 Bendigo — — — 10 6 — 1 — ctg — —— — 1 1 — 1 — Opt — —— — 1 1 265 268 265 Bouganvil 39.42 14.88 6.7 305 250 71 72 71 CNGold 2.00 2.82 9.0 85 65 832 834 834 CRA 38.00 4.56 10.6 896 770 — 70 69 CarrBoyd 3.00 4.35 9.9 72 59 18 19 18 CityRes 8.00 44.44 — 31 18 9 11 9 ConsRes — — — 15 8 — 1000 1000 ConstRtle 60.00 6.00 11.0 1125 1000 44 45 44 DeltaG —— — — 47 35 17 19 18 Opt — — — 24 13 135 138 138 Dominion 4.00 2.90 15.7 150 125 235 238 238 ERA 10.00 4.20 15.5 330 235 480 485 480 Emperor 20.00 4.17 15.0 500 430 193 195 195 Forsayth 9.00 4.62 15.0 210 165 110 111 110 GMKalg — — 6.7 120 82 53 54 53 GiantRes —— — 4.1 74 50 20 22 — JasonMin -— — — 38 19 6 7 ■ 7 J’lana — — — 9 5 273 280 280 Kidston 31.00 11.07 6.7 290 205 39 42 — Kitchener — — — 45 37 5 9 — KiwiGold — — — 9 6 171 172 171 MIM 6.00 3.51 12.5 198 165 140 150 — MetalsEx — — — 150 148 396 398 396 Metana 25.00 6.31 7.2 504 390 45 49 45 Moruya — — — 50 37 385 390 390 Niugini — — 33.3 430 260 235 236 236 NorthBH 10.00 4.24 13.7 277 228 29 30 30 NthKalg — —— 4.6 33 22 190 200 185 NthFlndr 25.00 13.16 3.0 480 180 20 21 20 Otter —. — 6.7 32 20 — 168 165 PancontM 2.50 1.52 12.3 193 158 — 17 17 Paragon — — — 30 17 —— 8 — Opt — •— — 16 15 55 70 — Paringa 16.00 23.19 2.9 85 70 44 45 45 PionMin — — — 74 41 238 239 238 PlacrPac — — 50.9 269 210 248 252 250 Poseidon 10.00 4.00 20.8 260 215 113 114 114 QCTRes 6.00 5.26 12.7 116 102 716 720 720 RGC 20.00 2.78 24.5 776 630 580 — 586 SnsGwlia 50.00 8.53 7.2 600 460 14 15 14 Spargos 1.00 7.14 — 16 10 44 45 45 SthnPac — — — 57 33 6 8 — Technomin — — —— 7 6 7 — — TitanRes — — — 8 5 —— 1 —— opt -— — 1 1 484 485 485 WMC 26.00 5.36 10.1 554 470 160 165 160 WalMin — — —— 165 100 260 265 265 WestSand 8.00 3.02 19.2 290 250 60 62 — AOG — — 17.3 70 58 149 150 150 AmpolExp — — 8.5 182 145 17 20 17 Beach 1.00 5.88 6.0 24 17 82 83 82 Bridge — — 5.9 98 80 33 34 34 opts — ■ — — 48 32 25 26 27 Claremont — ■ — 33 25 120 125 120 Crusader 2.50 2.08 29.3 130 105 50 53 50 Cultus — — -— 53 18 115 120 120 Hartogen — — 8.6 130 100 3 — 3 Longreach —— — — 3 2 — 220 230 Magellan — — 14.2 255 200 3 4 — Magnet — — — 4 3 58 59 58 Oil Sch — — — 80 56 2 3 3 Petroz — — — 3 2 375 376 376 Santos 19.00 5.05 9.1 385 326 260 265 260 Vamgas 8.00 3.08 10.2 270 220 850 900 —. WeeksPet — — 1.7 900 800 212 215 212 Woodside ■ — — 8.4 230 184