Aust. stocks close easier

Press, 22 June 1989, Page 30

Aust. stocks close easier

NZPA-AAP Sydney The Australian share market drifted to a lower close in subdued, trading following the higher than expected April retail sales figure, dealers said. They said the seasonally adjusted rise of 0.8 per cent to sAust6.6B billion in April created a sellers’ market. “The April figure underlined - the fact that interest rates are likely to stay high for some time,” said a Jardine Fleming senior dealer. The all ordinaries index closed 8.4 points lower at 1528.2. Hooker Corp bounced off an early low of 45 cents to be eight down at 56 cents on turnover of 3.90 million shares. Lend Lease and CRA led the decliners, each losing 20 to 10.10 and 8.62 respectively. Among the retailers, Coles Myer fell 18 to 8.30 and David Jones lost 10 to 10.30. BTR Nylex lost 10 to 5.00, and Amcor fell nine to 4.38 following its announcement to buy the Canadian packaging company, Twinpak,

Closing quotes Last Industrial Buy Sell sale AFPGrp 128 130 130 ANI 139 140 140 91 nts 351 352 353 96 nts 252 255 255 ANZ 481 482 482 AWA dd 116 117 117 Acmex 160 180 — AdelStm 720 730 726 Alcan — 226 225 Alpha 17 19 18 Amatil dd 1210 1220 1210 Amcor 438 440 438 ApexPac 100 102 100 Argo 232 233 233 Ariadne 12 13 12 Arnotts 540 600 600 . Arrowfeld 270 280 270 delxo 260 — — AFound 138 139 138 AiistOvrs 45 46 45 BHP 846 848 848 BTAustE 45 46 46 BTGiobai 55 59 56 BTRNylex 500 502 502 BankQld 325 340 340 BellG 67 75 67 BellRes 93 94 93 BondCorp 111 112 112 BondMed 30 31 31 opt 91 1 2 1 Boral 340 342 340 Brambles 1355 1365 1355 90 nts 1380 — 1420 BrickP 401 — 401 Brierley 135 136 136 Bundaberg 295 300 295 BurnsP 333 335 333 Cig 490 510 — CSR 469 471 471 Cascade 84 85 85 ChaseCrp 18 19 19 ClayR 50 52 52 PT 31 35 31 Clyde 140 150 — CoalAll 586 590 590 ColesMyer 830 834 830 Comalco 366 368 368

CorpEquit 155 160 155 opt 91 70 — —— Cortaus 1 2 — Eastcourt 9 10 9 Elders 262 264 264 Rs 236 237 236 Email 440 442 442 Euro-Nat — 80 —— Expo 15 21 15 FAI 264 265 264 FineMet — 36 35 Fletcher' 366 368 368 GPT 241 243 241 Girvan 28 29 29 Goodman 217 220 217 HDFI . 5 6 5 Hanimex 230 235 230 HardieJ 242 243 242 HelmCorp 106 110 110 Hitek 34 35 34 Hooker 55 57 57 IlProp 1830 1850 1830 ICI 618 620 618 lELGrwth 100 118 — lELIncme 72 80 — ImaginT 82 90 85 IndEquit 208 209 209 Intrchase 140 142 142 Jennings 205 — 205 JonesDav 1020 1030 1030 Kern — 140 140 Kimberley 70 90 —— Lrchhill —- 8 —— Leda 41 43 41 Leighton 65 67 65 LLease 1000 1010 1010 MayneN 560 562 560 McCDowell 15 18 18 McPhrsn 101 — 102 Memtec — 255 250 MetalMan 330 — 330 NZICorp 45 46 45 NatAust 614 620 616 NatCons 306 310 310 NewsCorp 1555 1560 1555 OPSM 192 195 192 Oakbridge 41 42 42 PacDunlp 458 460 460 Parbury 61 65 — PayceCon 52 53 52 nts 40 — —

PetersSl 278 280 280 Pionlnt 255 256 255 QBE 514 540 514 Qintex 385 395 385 ReilCorp 200 210 200 opt 92 1 15 — Rothmans 906 910 — SchroPF 245 245 248 SmithHwd — 435 — SthnFarm 330 332 330 Stockbge — 24 — opt 89 —— 7 — TAGPac 19 20 —. TNT 343 345 343 Taylor — 225 — USMaster 75 — 75 Vapocure 3 5 4 Viking — 32 32 Wattyl 490 500 — WestCptl 141 150 136 WfieldHi 240 245 245 WfieldTr 162 164 163 Westmex 122 124 122 Westpac 486 . 488 488 WfldCap 40 43 40 Wormaid 208 210 208 AUR 24 25 24 ACMins 170 172 171 Aberfoyle 520 528 —- Ashton 138 140 139 AustDevl 155 160 BHPGold 46 47 46 Bendigo 10 12 ctg — 1 opt 89 — 1 — Bougainvl 195 197 195 CNGold 50 51 50 CRA 862 864 862 CarrBoyd 55 63 61 CityRes — 10 11 ConsRes 10 12 10 ConsRtle 950 — 950 DeltaG 38 39 39 Dominion 134 135 135 ERA 231 — 232 Emperor 400 405 405 Forsayth 190 195 192 GMKalg 81 ■ 82 81 GiantRes 33 34 34 JasonMin 18 20 20 J'lana 5 6 —-

Kidston 238 240 238 Kitchener 38 39 — KiwiGold 3 4 — MIM 198 199 199 MetalsEx — 150 — Metana 325 330 328 Moruya 50 51 50 Niugi’ni • — 380 381 NorthBH 232 233 232 NthKalg 25 26 26 NthFlndr 215 225 220 Otter 20 22 — PancontM 155 158 158 Paragon 12 13 12 opt 89 1 3 — Paringa — 75 73 Pasminco 188 189 188 PionMin 39 40 39 PlacrPac 278 280 278 Poseidon 195 198 195 QCTRes 130 132 132 RGC 724 726 724 SnsGwlia 504 510 504 Sparges —— 10 9 SthnPac 40 41 42 Technomin 4 5 — Tectonic 7 8 — TitanRes 5 — — opt 89 — 1 — WMC 526 528 526 WalMin 180 185 180 WestSand 285 290 285 AOG 63 65 63 AmpolExp 165 166 165 Beach 16 17 — Bridge 84 85 85 opt 89 35 36 35 Claremont 13 14 14 Crusader 90 95 95 Cultus 38 39 39 Longreach 3 4 — Magellan 200 207 . — Magnet 3 4 — NZOilGas 55 58 55 OilSch 68 69 68 Petroz dd 44 47 47 Santos 361 363 361 Vamgas 245 252 250 WeeksPet 860 —— — Woodside 235 238 235