AUSTRALIA $Aust. gives impetus

Press, 30 May 1989, Page 19

AUSTRALIA $Aust. gives impetus

NZPA-AAP Sydney Strong support tor cur-rency-sensitive leading issues helped the Australian sharemarket to a slightly firmer level by the close of floor trading yesterday. BHP surged 26c to 854, News Corporation rose 20c to 1430 and the miner, CRA, jumped 12c to 900.

Brokers said the sharemarket also gained support from the rise in bond yields 'and the June share price index (SPI) futures contract.

By the close of computer trading, the all-ordinaries index was 5.0 points higher at 1535.9, while the all industrials was down 2.4 at 2517. The all-resources was up 9.9 at 799.2 and the gold marker 7.5 at 1431.3.

"The sharemarket was supported by the weaker Australian dollar attracting investment to the resource sector and currency related industrial stocks,” one broker said. Entrepreneurial stocks were mixed. Brierley Investments rose 6c to 130 and Adsteam 2c to 650, while Bond Corporation fell 8c to 117 and Bond Media 2c to 33. Bond Corporation subsidiary, Bell Group, fell 13c to 67.

Bank stocks were mixed. Westpac lost 6c to 514, while ANZ gained 2c to 510. National Australia was steady at 642.

Among gold miners, North Flinders Mines soared 30c to 230 on market speculation it may launch a take-over bid for Paringa Mining and Exploration, which surged 31c to 85.

Among other miners, Western Mining and Bougainville Copper each lifted 8c to 508 and 218 respectively.

National turnover was 89.8 million shares, worth sAust22l.7M, as falls led rises 232 to 132.

Closing quotes Last Industrial Buy Sell sale AFPGrp 125 130 128

ANI 141 142 141 91nts 370 375 370 96nts 250 255 — ANZ 508 510 510 AWAdd 92 95 95 Acmex 186 192 — AdelStm 650 654 650 Alcan 240 — — Alpha 18 21 — Amatil 1215 1220 1215 B 1195 — — Amcor 440 445 440 ApexPac 105 108 105 Argo 229 232 232 Ariadne 15 16 16 Arnotts 600 620 600 Arrowfeld 260 270 269 delxo 260 — —- AFound 142 144 — AustOvrs 46 47 47 BHP 850 — 854 BTAustE 45 48 48 BTGlobal 55 56 55 BTRNylex 490 492 492 BankQld 345 —— 350 BellG 67 78 67 BellRes 95 100 104 Bondcorp 115 117 117 BondMed 33 34 33 opt 2 4 — Boral 338 340 338 Brambles 1300 1330 1300 90nts 1330 1350 1340 Brierley 125 128 130 Bundaberg 290 292 292 BurnsP 308 310 308 CIG 490 — 490 CSR 468 471 468 Cascade 87 88 88 ChaseCrp — 28 27 ClayR 55 65 62 PT 36 39 —— Clyde 150 — 150 CoalAll 526 600 — ColesMyer 852 870 852 Comalco 375 380 375 CorpEquit •— 150 — opt 70 76 — Cortaus 1 2 — Eastcourt 12 13 12 Elders 259 260 259 Elders Rs 235 236 235 Email 400 402 402 Euro-Nat — 84 — Expo — 23 — FAI 263 265 263 FineMet 45 48 45 Fletcher 378 380 378 GPT 255 — 256 Girvan 38 40 38 Goodman 232 — 235 HDFI 6 7 7 Hanimex 240 265 240 HardieJ 230 235 230 HelmCorp 112 115 112 Hitek 35 36 35 Hooker 131 135 130

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