AUSTRALIA Bargain hunters move in
NZPA-AAP sycnej The Australian sharemarket continued its recovery from earlier lows yesterday afternoon as investors sought bargain issues. By the close of floor trading, the all-ordinaries index was down 8.4 points to 1425.0, after touching 1419.4 just before the end of the morning session.
Brokers said the market seemed to find support at about 1420.0 and aggressive selling, which had dominated trading in the past two days, slowed dramatically.
One broker voiced suspicion that futures related trading had been used to manipulate the market.
Closing quotes Last Industrial Buy Sell sale ANI 142 143 143 91 nts 350 380 — 96 nts 280 290 — ANZ 480 481 481 AWA dd 100 105 100 Acmex 150 165 — AdelStm 626 630 630 Alcan 240 250 — Alpha 23 25 23 Amatil 920 930 920 B 866 — 866 Amcor 410 415 415 ApexPac 82 100 82 Argo 234 235 235 Ariadne 16 18 17 Arnotts 528 536 528 Arrowfeld 250 255 250 opt 89 — 70 —
AFound 135 138 137 AustOvrs 36 37 36 BHP 746 748 748 BTGlobai 48 50 — BTRNylex 862 864 864 BankQld 350 355 350 BellG 130 135 135 BellRes 119 120 119 Bisley opt 90 — 1 — BondCorp 148 150 148 BondMed 32 33 33 opt 91 2 3 2 Boral 305 306 305 Brambles 1095 1100 1100 90 nts 1150 1170 — BrickP 350 375 375 Brierley 108 110 109 Bundaberg 265 —— 265 BurnsP '' 262 264 262 CIG 430 — CSR 397 398 398 Cascade 82 83 82 ChaseCrp 38 39 39 ClayR 78 85 — ClayRPT 40 41 40 Clyde 155 162 160 CoalAll 450 455 450 ColesMyer 782 784 782 Comalco 334 335 335 CorpEqit 158 160 158 opt 91 20 — — Cortaus 1 2 — DukeGrp 9 10 9 Eastcourt 9 10 9 Elders 256 258 257 Elders Rs 232 237 232 Email 380 383 383 Euro-Nat 90 — 90 Expo dd 33 35 — FAI 258 259 259 FineMet 48 49 48 Fletcher 378 380 379 GPT 248 250 250 Girvan 52 53 52 Goodman 191 192 192
H.D.F.I. 5 6 — Hanlmex — 338 HardieJ 235 236 236 HelmCorp 120 124 122 Hitek 47 48 — Hooker 168 169 169 UProp 1650 1660 1660 ICI 574 576 574 lELGrwth 100 —- — lELIncme ■ — 85 — ImaginT 112 116 112 IndEquit 150 151 151 Intrchase 150 160 — Jennings 160165 180 JonesDav 980 —— 990 Kern 165 170 165 Kimberley 76 80 — Lrchhill 6 8 — Leda 46 50 48 Leighton 59 63 61 LLease 922 924 924 MayneN 502 506 506 McDowell 25 27 25 McPhersn 105 106 106 Memtec 180 183 — NZICorp 32 35 35 NatAust 602 604 604 NatCons 262 272 270 NewsCorp 1155 1160 1160 OPSM 180 183 183 Oakbridge 32 — 31 PacDunlp 403 404 404 Parbury 68 75 — PayceCon 63 68 — nts 80 95 — PetersSl 248 250 248 Pion.Int 243 244 244 QBE 495 500 — Qintex 390 395 — ReilCorp 180 200 — opt 92 2 20 —— Rothmans 950 960 SmithHwd 360 — 365 SthnFarm 303 304 305 Stockbge 32 34 30
opt so — 10 — TAGPac 24 25 — TNT 308 310 308 Taylor — 225 — USMaster 63 65 63 Vapocure 5 8 8 Viking 32 33 32 Wattyl 490 500 502 WestCptl — 165 — WfieldHl 250 251 251 WfieldTr 166 167 167 Westmex 120 125 125 Westpac 508 510 510 WfldCap 56 59 — Woolworth 355 —— —— Wormaid 200 205 200 A.U.R. 28 30 — ACMins 156 158 — Aberfoyle 450 455 450 Ashton Ill 112 111 AustDevI —— 170 — BHPGoid 53 55 53 Bendigo 7 8 7 ctg — 1 — opt 89 — I — Bougainvl 255 257 257 CNGold 68 69 68 CRA 804 806 806 CarrBoyd — 65 — CityRes 16 —• 18 ConsRes 9 14 14 ConsRtle — 990 1000 DeltaG 46 — 46 Del opt 89 16 17 18 Dominion 120 125 125 ERA 235 238 235 Emperor 486 498 485 Forsayth 182 185 185 GMKalg 94 97 96 GiantRes 46 48 48 JasonMin 23 24 — J’lana — 7 — Kidston 268 270 268 Kitchener 39 40 40 KiwiGold 5 6 —
MIM 163 164 164 MetalsEx 145 150 —— Metana 360 370 360 Moruya 46 47 46 Niugini 392 393 392 NorthBH 230 231 230 NthKalg 25 26 26 NthFIndr 180 185 185 Otter IS 19 — PancontM 164 165 165 Paragon 10 16 15 opt 89 1 5 —— Paringa — 55 — Pion.Min 43 44 43 PlacrPac 236 237 237 Poseidon 250 — 252 QCTRes 112 113 112 RGC 698 700 700 SnsGwlia 550 560 —• Spargos 14 15 14 SthnPac 43 45 43 Technomin 4 6 — TitanRes 8 — opt 89 —— 1 — WMC 478 479 479 WalMin 160 175 160 WestSand 260 265 260 AOG 59 60 —— AmpolExp 148 150 150 Beach 16 20 16 Bridge 82 83 .83 opt 89 34 35 35 Claremont 21 23 23 Crusader 120 130 120 Cultus 38 40 40 Hartogen 112 120 112 Longreach 3 — — Magellan — 200 — Magnet 3 4 — OilSch 55 58 55 Petroz 2 3 3 Santos 364 366 365 Vamgas 250 — 255 WeeksPet 850 900 — Woodside 205 210 205
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19890406.2.130.29
Bibliographic details
Press, 6 April 1989, Page 28
Word Count
816AUSTRALIA Bargain hunters move in Press, 6 April 1989, Page 28
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in