Profit-takers pull back Aust, industrial stocks

Press, 27 April 1989, Page 44

Profit-takers pull back Aust, industrial stocks

NZPA-AAP Sydney The Australian sharemarket was slightly easier by the close of floor trading yesterday as sellers wiped off recent gains in the industrial sector. By 3.15 p.m. the all ordinaries index was down 3.5 points at 1472.6. Brokers said the early positive market sentiment faded as soon as Ranks Hovis McDougall achieved its 14.9 per cent stake in its target, Goodman Fielder Wattie. “Once Ranks reached its target, Goodman stock came off its recent highs, bringing other industrials with it,” said one. Goodman Fielder Wattie shares lost 10c to 245 as 48.34 million shares worth sAustl2l.22M were exchanged.

Closing quotes Last Industrial Buy Sell sale AFPGrp 101 104 104 ANI 142 143 143 91nts — 383 — 96nts 260 — — ANZ 477 478 477 AWAdd 119 120 119 Acmex 160 172 — AdelStm 570 580 580 Alcan 240 245 245 Alpha 22 23 22 Amatil 1185 1190 1185 B 1150 1200 — Amcor 418 420 418 ApexPac 91 95 95 Argo 230 231 231 Ariadne 17 18 17 Arnotts 584 590 584 Arrowfeld 238 243 — opt89 40 — 40 AFound 137 140 140 AustOvrs 37 38 38 BHP 730 732 732

BTAustE — 47 46 BTGIobal 51 — 51 BTRNylex 457 458 457 BankQld 330 335 — BellG 99 100 100 BellRes 99 101 100 BondCorp 123 125 125 BondMed 31 32 32 opt91 2 3 2 Boral 328 330 328 Brambles 1180 1190 1180 90nts 1180 — 1230 BrickP 342 345 340 Brierley 121 122 121 Bundaberg 270 275 270 BurnsP 298 300 300 CIG 450 — 450 CSR 436 437 437 Cascade 81 82 81 ChaseCrp 35 36 35 ClayR — 60 60 PT 36 39 — Clyde 150 155 150 CoalAll 465 500 460 ColesMyer 834 836 836 Comalco 352 353 352 CorpEqit 158 159 — Opt91 80 — — Cortaus 1 2 — DukeGrp 3 5 5 Eastcourt 9 10 9 Elders 267 268 268 EldersRs 232 235 232 Email 391 392 392 Euro-Nat 90 — — Expo 25 40 — FAI 264 265 264 FineMet 30 45 — Fletcher 395 — 395 GPT 245 246 246 Girvan 51 52 52 Goodman 245 247 245 HDFI 7 8 7 Hanimex 318 325 318 HardieJ 230 239 230 HelmCorp 126 129 — Hitek 45 47 45 Hooker 161 165 165 UProp 1680 1 1685 : 1680 ICI 600 610 610 lELGrwth 100 135 — lELIncme — 85 — ImaginT 85 95 — IndEquit 168 169 169 Intrchase 145 155 — Jennings 202 205 202 JonesDav 1025 1030 1025 Kern 165 — Kimberley 76 80 — Lrchhill 6 8 —

Leda 46 47 46 Leighton 60 62 60 LLease 980 990 980 MayneN 538 540 540 McDowell 20 22 — McPher 100 — — Memtec 198 210 200 MetalMan 300 — — NZICorp 41 43 42 NatAust 602 604 604 NatCons 274 278 272 NewsCorp 1215 1220 1220 OPSM 187 190 190 Oakbridge 35 36 36 PacDunlp 413 415 415 Parbury 67 68 68 PayceCon — 62 — nts 82 94 82 PetersSl 260 — 260 Pion.Int 243 244 243 QBE 475 485 485 Qintex 400 405 405 ReilCorp 200 205 200 opt92 1 20 1 Rothmans 950 980 950 SchroPF 266 270 265 SmithHwd 400 — 400 SthnFarm 310 325 320 Stockbge — 29 — opt89 — 10 — TAGPac 23 24 — TNT 321 323 322 Taylor 200 205 — USMaster 72 76 76 Vapocure 1 8 — Viking 31 33 32 Wattyl 490 493 490 WestCptl — 158 158 WfieldHl 265 280 261 WfieldTr 166 167 167 Westmex 124 125 124 Westpac 512 514 514 WfldCap 62 65 65 Woolworth 355 360 360 Wormaid 180 190 180 AUR 28 30 30 ACMins 163 165 163 Aberfoyle 465 — — Ashton 115 116 116 AustDevl 155 160 — BHPGold 50 51 50 Bendigo 7 8 8 ctg — 1 — opt89 — 1 — Bougainvl 245 246 245 CNGold 71 72 72 CRA 834 836 834 CarrBoyd 56 — — CityRes 19 20 19 ConsRes 13 20 12

ConsRtle 960 980 — DeltaG — 45 44 opt89 16 17 16 Dominion 120 128 125 ERA — 220 220 Emperor 508 510 508 Forsayth 170 180 — GMKalg 94 96 94 GiantRes 43 44 44 JasonMin 26 29 — J’lana 3 7 — Kidston 247 248 248 Kitchener 35 42 35 KiwiGold 4 5 4 MIM 168 169 168 MetalsEx 150 — — Metana 322 — 323 Moruya 35 41 41 Niugini 440 — 440 NorthBH 239 240 239 NthKalg 29 30 29 NthFlndr — 230 240 Otter 22 25 22 PancontM 167 168 168 Paragon 13 14 14 opt89 — 5 — Paringa 50 60 — Pasminco 165 165 164 PionMin 42 43 42 PlacrPac 257 258 258 Poseidon 245 250 245 QCTRes 119 120 119 RGC 680 690 —— SnsGwlia — 550 — Spargos 12 14 14 SthnPac 38 39 39 Technomin 4 6 — TitanRes 4 5 — opt89 — 1 —• WMC 494 495 495 WalMin 175 180 175 WestSand 265 300 — AOG 59 62 60 AmpolExp 172 173 173 Beach 21 24 — Bridge 87 88 89 opt89 36 39 39 Claremont 23 24 24 Crusader 122 — 122 Cultus 40 42 40 Hartogen 125 130 130 Longreach 3 5 — Magellan 195 205 — Magnet 3 4 3 OilSch 74 75 74 Petroz 2 3 2 Santos 392 393 392 Vamgas 255 —• 255 WeeksPet 850 900 850 Woodside 216 218 216