AUSTRALIA Key mark breached

Press, 5 April 1989, Page 41

AUSTRALIA Key mark breached

NZPA-AAP Sydney A burst of selling in top industrial and gold issues dragged the Australian sharemarket down to an U-month low by the close of floor trading yesterday. They said that falls accelerated in the afternoon trading session as sellers "took hold of the market” after it fell below its critical support level of 1450. “Falls escalated as profit-takers moved in following a drop in commodity prices,” one broker said. At the close of trading, the all-ordinaries index was 18.0 down at 1434.0. The all industrials index tumbled 26.4 to 2366.0, and the all-resources fell 11.5 to 735.2. The gold marker slid 27.9 to 1464.6. National turnover was a light 54.15 million shares, worth sAustll4.BoM. Falls exceeded rises about three to one. In the industrial sector, BMP dropped 10c to 754 after exchanging its stake in the Orbital Engine

Company for shares worth sAustl4sM in Sarich Technologies. Sarich fell 8c to 150. Among the biggest losers were Brambles, down 20c to 1110, Coles Myer 14c to 780, Amatil down 10c to 910 and TNT 6c to 312. BTR Nylex fell 20c to 862 on speculation of a possible takeover of Pioneer International, which in turn gained 5c to 244. FAI was down 1c to 255, while fellow insurance stock QBE was steady at 530. The banking sector performed badly with ANZ down 10c to 486, Westpac 14c to 516, and National Australia 6c to 604. In the mining sector CRA lost 14c to 814, MIM 6c to 164, and Western Mining 4c to 479. Gold producers did little better with Dominion, Emperor, Metana and Pan Australia Mining all down 5c to 130, 480, 385, and 405 respectively.

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents Yld% ratio high low 143 144 144 ANI 10.59 7.35 7.1 180 144 370 400 370 91 nts 34.10 9.22 — 435 370 280 290 290 96 nts 30.50 10.52 — 320 290 485 488 486 ANZ 34.50 7.10 6.8 566 484 97 99 97 AWA dd 10.50 10.82 14.1 132 97 150 165 155 Acmex 10.00 6.45 25.0 165 125 618 622 620 AdelStm 94.00 15.16 6.1 670 558 240 245 245 Alcan 20.00 8.16 4.1 285 245 23 25 23 Alpha 1.50 6.52 32.9 27 22 904 910 910 Amatil 30.00 3.30 13.6 980 870 866 — — B 30.00 3.33 13.4 900 850 419 420 420 Amcor 23.50 5.60 11.0 475 415 81 85 80 ApexPac 6.00 7.41 — 115 80 235 236 236 Argo 11.00 4.66 22.8 247 228 16 17 17 Ariadne — — — 22 13 530 532 530 Arnotts 14.00 2.64 19.5 624 520 245 255 — Arrowfeld — — 11.3 290 230 — 70 — opt 89 — — — 100 75 138 139 139 AFound 6.00 4.32 26.4 155 138 36 37 36 AustOvrs 1.50 4.17 11.8 37 28 752 754 754 BMP 35.00 4.64 12.0 778 678 48 50 — BTGlobal 7.00 14.58 — 56 46 860 862 862 BTRNylex 30.00 3.48 12.0 944 860 350 355 — BankQld 16.00 4.51 13.8 360 310 140 150 140 BellG — — — 200 140 — — — BellG pref 39.00 4.43 — — — 119 120 119BellRes 15.00 12.61 3.2 145 115 — 1 — Bly opt 90 — — — I 1 152 155 152 BondCorp 16.00 10.53 1.9 187 138 34 35 35 BondMed — — 6.4 44 33 2 3 3 opt 91 — — — 5 2 306 308 308 Boral 20.00 6.49 9.6 368 306 1110 1115 1110 Brambles 36.00 3.24 14.0 1185 1030 1150 1170 — 90 nts 30.75 2.63 — 1200 1145 — 380 382 BrickP 10.00 2.63 22.1 465 380 106 107 107 Brierley ' 7.60 7.10 8.1 121 98 260 265 265 Bundaberg 10.00 3.77 21.0 282 255 260 261 260 BurnsP 15.00 5.77 10.5 295 255 430 — — CIG 16.00 3.56 12.5 450 400 397 398 398 CSR 28.00 7.04 14.0 445 397 82 83 83 Cascade 4.00 4.82 19.8 86 68 39 40 39 ChaseCrp 7.50 19.23 2.1 82 26 — 87 87 ClayR 6.50 7.47 4.1 145 75 40 41 40 ClayRPT 5.18 12.95 7.7 41 32 155 162 160 Clyde 9.00 5.63 26.7 162 145 450 460 450 CoalAll 12.00 2.67 — 480 440 770 775 780 ColesMyer 28.44 3.67 12.1 924 778 337 338 338 Comalco 32.00 9.47 4.8 430 336 158 160 158 CorpEqit 15.00 9.49 4.9 176 155 — — — opt 91 — — — 88 80 1 2 1 Cortaus — — — _3 1 9 10 9 DukeGrp — — — 16 9 — — — EDunlop 8.00 2.62 — 305 280 9 11 — Eastcourt — — — 12 5

258 260 259 Elders 19.00 7.34 6.5 304 259 232 240 232 EldersRs 14.44 6.22 17.8 262 228 378 380 378 Email 17.00 4.50 12.4 440 370 81 90 89 EuroNat — — 12.7 89 80 33 35 35 Expo dd 4.00 11.43 2.3 40 25 256 257 256 FAI 10.00 3.91 3.3 270 218 48 49 50 FineMet — — 6.1 55 40 381 385 380 Fletcher 19.00 4.99 8.4 410 326 249 251 250 GPT 24.00 9.60 10.4 278 246 52 53 53 Girvan 5.00 9.43 4.1 65 48 192 193 193 Goodman 11.00 5.70 8.4 220 188 5 6 — HDFI — — — 8 5 — 340 — Hanimex 18.00 5.33 8.1 385 300 238 239 239 HardieJ 18.00 7.53 9.0 272 225 120 124 121 HelmCorp 6.00 4.96 7.1 164 115 48 52 50 Hitek — — 4.1 79 50 176 177 177 Hooker 15.00 8.47 4.8 215 177 1660 1690 1660 UProp — — — 1700 1600 586 590 592 ICI 36.00 6.10 9.8 704 592 100 — — lELGrwth 5.94 4.34 23.1 140 120 — 85 — lELIncme 11.88 14.14 7.1 82 82 110 116 111 ImaginT . 8.00 7.21 6.9 140 108 150 151 150 IndEquit 10.00 6.67 19.4 179 145 150 165 160 Intrchase 3.00 1.88 — 170 135 180 186 188 Jennings 13.00 6.99 7.9 225 188 900 990 990 JonesDav 30.00 13.13 9.8 1025 726 165 170 165 Kern 6.00 3.64 13.6 210 165 76 80 — Kimberley — — — 80 55 6 8 — Lrchhill 8.00 33.33 0.1 12 8 — — — opt 90 — — — 1 1 46 48 — Leda 2.00 4.17 — 52 45 60 63 61 Leighton 6.00 9.84 6.2 70 60 936 940 940 LLease 54.00 5.74 11.1 1125 930 510 514 510 MayneN 30.00 5.88 11.1 584 506 25 27 25 McDowell — — — 28 18 105 — — McPh’son 7.50 7.14 8.0 125 104 182 183 183 Mem tec 2.00 1.09 36.6 200 137 33 36 35 NZICorp 3.80 10.86 — 44 31 604 606 604 NatAust 60.00 9.93 7.2 664 604 270 278 280 NatCons 50.00 17.99 5.4 315 260 1170 1180 1175 NewsCorp 10.00 .85 7.8 1215 964 187 190 188 OPSM 11.00 5.85 12.6 262 188 30 32 32 Oakbridge — — — 38 30 406 407 407 PacDunlp 15.00 3.69 12.9 475 405 68 75 70 Parbury 4.00 5.71 6.5 100 70 63 70 — PayceCon 6.00 8.57 4.5 78 60 80 95 — Payee nts 12.00 12.63 — 96 90 250 252 250 PetersSl 20.00 8.00 8.7 265 240 243 244 244 Pionlnt 15.00 6.15 8.4 272 232 — 520 495 QBE 17.00 3.43 10.6 570 492 390 400 400 Qintex 13.63 3.41 5.9 405 350 180 200 — ReilCorp 3.00 1.50 6.6 215 155 2 20 — opt 92 — — — 2 2 980 990 970 Rothmans 50.00 5.10 13.6 980 926 360 365 360 SmithHwd 20.00 5.56 — 375 335 303 310 303 SthnFarm 10.00 3.30 10.2 350 300 27 30 27 Stockbge — — — 35 26 — 10 — opt 89 — — — — — 24 25 24 TAGPac 2.00 8.33 5.1 25 23 312 314 312 TNT 15.00 4.81 7.5 382 307 — 225 — Taylor — — — 240' 220 63 65 — USMaster — — 39.4 65 62 — 8 8 Vapocure — — — 15 8 33 35 33 Viking — — — 52 28 504 518 504 Wattyl 12.50 2.48 15.8 550 430 — 165 — WestCptl — — 19.3 195 170 250 252 250 WfieldHl 7.50 3.00 14.8 300 240 166 167 165 WfieldTR 18.02 10.86 9.2 187 165 126 128 126 Westmex 11.20 8.89 8.7 142 125 512 516 516 Westpac 33.00 6.40 5.5 574 516 56 59 59 WfldCap 1.00 1.69 11.3 80 55 355 — 355 Woolworth — — 2.6 370 355 205 210 210 Wormaid 4.00 1.90 — 225 165 28 30 28 AUR 2.00 7.14 4.7 32 25 156 157 157 ACMins 7.00 4.46 9.7 161 112 450 460 450 Aberfoyle 11.00 2.44 30.0 560 450 111 113 111 Ashton 6.00 5.41 8.5 139 103 160 170 — AustDevl 3.00 1.76 24.3 220 160 53 54 54 BHPGold — — 20.6 60 48 7 8 8 Bendigo — — — 10 6 —— 1 — etg — —— — 1 1 — 1 — opt 89 — — — 1 1 262 263 262 Bougainvl 39.42 15.05 6.6 305 250 67 68 68 CNGold 2.00 2.94 8.6 85 65 812 814 814 CRA 38.00 4.67 10.3 896 770 — 70 65 CarrBoyd 3.00 4.62 9.3 72 59 18 19 18 CityRes 8.00 44.44 — 31 18 9 11 9 ConsRes — — — 15 8 — 1000 — ConsRtle 60.00 6.00 11.0 1125 1000 46 50 46 DeltaG — — — 47 35 16 18 18 opt 89 — — — 24 13 120 130 130 Dominion 4.00 3.08 14.8 150 125 235 238 236 ERA 10.00 4.24 15.3 330 235 480 485 480 Emperor 20.00 4.17 15.0 500 430 185 186 186 Forsayth 9.00 4.84 14.3 210 165 90 100 98 GMKalg — — 6.0 120 82 50 51 50 GiantRes — — 3.9 74 50 23 25 23 JasonMin — — — 38 19 — 7 6 J’lana — — — 9 - 5 265 272 273 Kidston 31.00 11.40 6.5 290 205 40 42 39 Kitchener — — — 45 37 5 9 5 KiwiGold — — — 9 5 164 165 165 MIM 6.00 3.64 12.0 198 163 145 150 — MetalsEx — — — 150 148 380 385 385 Metana 25.00 6.49 7.0 504 385 45 47 — Moruya — — — 50 37 385 395 390 Niugini — — 33.3 430 260 227 230 230 NorthBH 10.00 4.35 13.4 277 228 27 28 27 NthKalg — — 4.2 33 22 180 185 185 NthFlndr 25.00 13.51 2.9 480 180 18 20 20 Otter — — 6.7 32 20 163 165 165 PancontM 2.50 1.52 12.3 193 158 15 17 16 Paragon — — — 30 16 — 5 — opt 89 — — — 16 15 55 70 — Paringa 16.00 23.19 2.9 85 70 43 44 44 Pion.Min — — — 74 41 235 236 235 PlacrPac — ' — 50.2 269 210 250 — — Poseidon 10.00 4.00 20.8 260 215 113 114 113 QCTRes 6.00 5.31 12.6 116 102 700 706 706 RGC 20.00 2.83 24.0 776 630 554 560 — SnsGwIia 50.00 8.93 6.9 600 460 14 15 — Spargos 1.00 7.14 — 16 10 43 44 43 SthnPac — — — 57 33 2 6 6 Technomin — — — 7 6 — 8 6 TitanRes — — — 8 5 — 1 — opt 89 — — — 1 1 479 480 479 WMC 26.00 5.43 10.0 554 470 160 165 160 WalMin — — — 165 100 260 265 265 WestSand 8.00 3.02 19.2 290 250 59 60 60 AOG — — 17.3 70 58 148 150 150 AmpolExp — — 8.5 182 145 16 18 — Beach 1.00 5.88 6.0 24 17 84 85 84 Bridge — — 5.3 98 80 35 37 35 opt 89 — — — 48 32 22 25 24 Claremont — — — 33 24 120 124 — Crusader 2.50 2.08 29.3 130 105 38 43 40 Cultus — — — 53 18 112 115 115 Hartogen — — 8.2 130 100 3 —- 3 Longreach — — — 3 2 —— 210 — Magellan — — 13.6 255 200 3 4 3 Magnet — — — 4 3 55 56 56 OilSch — — — 80 56 2 3 3 Petroz —- — — 3 2 365 368 368 Santos 19.00 5.16 8.9 385 326 255 260 — Vamgas 8.00 3.14 10.0 270 220 850 900 — WeeksPet — — 1.7 900 800 181 200 200 Woodside — — 8.0 230 184