AUSTRALIA Late lift on squaring

Press, 28 June 1989, Page 36

AUSTRALIA Late lift on squaring

NZPA-AAP Sydney The Australian sharemarket closed marginally easier yesterday after late blue chip bargain hunting and institutional “window dressing” ahead of the June 30 fiscal year end lifted the market off its earlier lows. The all-ordinaries finished 0.9 points lower at 1508.5. “There was reasonably good buying in blue chip stocks, but the market is really treading water until the U.S. index of leading economic indicators for May is released on Wednesday,” said a Citicorp Scrimgeour Vickers senior dealer.

Embattled Bond Corporation fell 12c to a year’s low of 90c, while Bond Media was steady at 29c. Metal Manufactures, down 5c at 315, bolstered the market’s turnover, as a special package of 26.7 M shares worth sAust73.4M was crossed by Potter Partners at 310 a share. Brokers said the seller was most likely CRA, disposing of its remaining stake in the company. Market leader, BHP, jumped 12c to 854 and Hooker Corporation gained 8c to 38c. Lend Lease Corporation led the falls, down 15c to 1000,

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents Yld% ratio high low 120 122 122 AFPGrp — — 25.8 137 100 133 135 133 ANI 10.59 7.96 6.6 180 106 330 350 340 91 nts 34.10 10.03 — 435 290 230 252 235 96 nts 30.50 12.98 — 320 235 457 460 458 ANZ 44.00 9.61 6.5 566 450 110 112 110 AWA dd 10.50 9.55 15.9 132 90 160 175 — Acmex 10.00 5.71 28.2 198 125 688 690 690 AdelStm 94.00 13.62 6.8 730 558 215 225 215 Alcan 20.00 9.30 3.6 285 215 19 22 22 Alpha 1.50 6.82 31.4 27 17 1200 1215 — Amatil dd — — 17.9 1220 1130 415 418 418 Amcor 23.50 5.62 11.0 475 400 100 105 100 ApexPac 6.00 6.00 — 115 80 229 230 230 Argo 11.00 4.78 19.0 259 222 12 13 12 Ariadne — — — 22 12 580 600 — Arnotts 14.00 2.33 . 22.1 624 516 270 275 270 Arrowfeld — —— 12.5 290 200 260 — — delxo — — — — — 138 140 140 AFound 6.00 4.29 26.6 155 125 45 46 45 AustOvrs 1.50 3.33 64.7 48 28' 852 854 854 BHP 35.00 4.10 14.9 894 678 46 47 46 BTAustE 5.50 11.96 4.3 54 44 56 57 — BTGIobal 7.00 12.50 — 59 46 498 500 498 BTRNylex 15.00 3.01 13.8 944 398 325 340 325 BankQld 16.00 4.92 12.6 360 310 66 67 66 BellG — — — . 200 60 — — — pref 39.00 4.52 — — — 90 93 90 BondCorp 16.00 17.78 1.1 187 90 28 29 29 BondMed — — 5.3 44 28 1 2 — opt 91 — — — 5 1 337 340 340 Boral 20.00 5.88 10.6 368 298 1345 1350 1350 Brambles 36.00 2.67 17.0 1375 1030 1380 — — 90 nts 30.75 2.20 — 1420 1145 401 — 401 BrickP 15.00 3.74 16.0 465 340 134 136 135 Brierley 7.60 5.63 10.3 140 98 320 325 325 Bundaberg 10.00 3.08 25.7 330 255 328 330 330 BurnsP 15.00 4.55 13.3 336 255 510 560 — CIG 23.50 4.61 14.1 510 400 459 460 459 CSR 32.00 6.97 10.4 479 390 84 88 85 Cascade 4.00 4.71 20.2 92 68 — 14 14 ChaseCrp 7.50 53.57 0.7 82 14 44 46 46 ClayR 6.50 14.13 2.2 145 46 33 36 33 ClayRPT — — — 41 31 140 146 145 Clyde 9.00 6.21 24.2 162 145 560 580 570 CoalAll 12.00 2.11 — 626 440 820 826 820Coles Myer 28.44 3.47 12.8 924 772 364 365 364 Comalco 32.00 8.79 5.2 430 330 148 150 150 CorpEqit 15.00 10.00 4.7 176 140 70 — — opt 91 — 88 65 1 — 2 Cortaus — 3 1 9 12 9 Eastcourt — — 14 5 261 262 261 Elders 19.00 7.28 6.6 304 253 230 — 231 EldersRs 14.44 6.25 17.7 262 223 370 380 . 380 Email 25.00 6.58 8.9 450 370 — 80 — Euro-Nat — — 8.6 92 60 8 20 15 Expo 4.00 26.67 1.0 40 15 257 258 258 FAI 10.00 3.88 3.3 290 218 — 37 — Fine Met — — 4.4 55 35 375 380 373 Fletcher 19.00 5.07 8.3 410 326 242 244 243 GPT 24.00 9.88 10.1 278 240 33 35 34 Girvan 5.00 14.71 2.6 65 24 212 215 215 Goodman 11.00 5.12 9.4 255 183 4 6 — H.D.F.I. — — — 8 5 230 235 230 Hanimex 18.00 7.83 5.5 385 225 236 238 236 Hardie J 19.00 8.05 7.6 272 225 110 113 113 Helm Corp 6.00 5.31 6.6. 164 100 311 34 31 Hitek — — 2.5 79 28 37 38 38 Hooker 15.00 39.47 1.0 25 30 1820 1845 1820 II Prop — — — 1900 1600 616 618 616 ICI 36.00 5.84 10.2 704 560 105 110 — IEL Grwth 5.94 5.40 18.5 140 no 72 80 — IEL Incme 11.88 14.85 6.7 85 82 82 90 — Imagin T 8.00 8.89 5.6 140 80 210 211 210 Ind Equit 10.00 4.76 27.1 215 144 — 140 — Intrchase 3.00 2.14 — 170 135 190 195 190 Jennings 13.00 6.84 8.1 225 178 1000 1010 1000 Jones Dav 30.00 13.00 9.9 1040 726 125 130 130 Kern 6.00 4.62 10.7 210 125 70 101 — Kimberley — — — 101 55 — 8 — Lrchhill 8.00 — — 12 2 — — — opt90 — — — 1 1 40 42 40 Leda 2.00 5.00 — 52 40 65 67 65 Leighton 6.00 9.23 6.6 70 56 998 1000 990 L Lease 54.00 5.41 11.8 1125 910 566 568 568 Mayne N 30.00 5.28 12.4 604 490 16 18 17 McCDow — — — 28 15 100 101 100 McPhers 7.50 7.50 7.6 125 100 240 245 — Memtec 2.00 .82 49.0 275 137

Closing quotes Buy Sell Sale Dividends Cents Yld% P/E ratio Year’s high low 305 315 315 MetalMan 15.00 4.76 9.8 350 270 46 47 46 NZI Corp 3.80 8.26 — 50 31 590 594 590 Nat Aust 60.00 10.17 7.0 690 580 300 303 303 Nat Cons 50.00 16.50 5.9 318 260 1495 1500 1500 News Corp 10.00 .67 10.0 1690 964 195 198 195 OPSM 11.00 5.64 13.1 262 180 43 44 43 Oakbridge — — — 52 30 450 451 450 Pac Dunlp 15.00 3.33 14.2 475 386 50 60 — Parbury 4.00 6.67 5.6 100 60 48 53 48 Payee Con 6.00 12.50 3.1 78 48 40 — — nts 12.00 14.46 — 96 82 278 279 278 Peters SI 20.00 7.19 9.7 305 238 255 256 255 Pion.Int 15.00 5.88 8.8 275 230 520 530 520 QBE 17.00 3.27 11.1 570 470 385 395 385 Qintex 13.63 3.54 5.6 425 350 212 230 212 Reil Corp 3.00 1.42 7.0 215 155 1 15 — opt92 — — 2 1 905 920 910 Rothmans 50.00 5.49 12.6 980 904 250 258 260 Schro PF 24.00 9.30 10.8 285 246 400 410 400 Smith Hw 20.00 5.00 — 504 335 325 330 325 Sthn Farm 10.00 3.08 11.0 350 300 5 24 — Stockbge — — — 35 26 — 7 — opt89 — — — — — 17 19 18 TAG Pac 2.00 11.11 3.8 25 17 327 328 327 TNT 15.00 4.59 7.9 382 298 — 225 — Taylor — — 240 200 73 78 — US Master 2.25 3.00 46.9 79 62 3 6 3 Vapocure — . — 15 3 34 35 34 Viking — — 52 28 494 496 494 Wattyl 12.50 2.53 15.4 550 430 157 160 157 West Cptl — — 18.3 195 130 245 255 255 Wfield Hl 7.50 2.94 15.1 315 240 163 164 163 Wfield Tr 18.02 11.06 9.0 187 162 1120 122 122 Westmex 11.20 9.18 8.4 142 120 468 470 470 Westpac 50.00 10.64 5.0 590 458 40 42 40 Wfld Cap 1.00 2.50 7.7 80 40 208 215 210 Wormaid 4.00 1.90 — 225 165 22 — AUR 2.00 9.09 3.7 32 22 163 165 165 ACMins 7.00 4.24 10.2 175 112 495 — 495 Aberfoyle 14.00 2.83 33.0 560 440 136 138 138 Ashton 6.00 4.35 11.2 145 103 — 145 — AustDevl 3.00 2.07 20.7 220 140 46 47 47 BHPGold — — 17.9 60 45 13 14 14 Bendigo — — — 15 6 1 4 0 etg — — — . 1 1 1 — 1 opt89 — — — 1 1 192 195 190 Bougainvl 41.85 21.80 4.6 305 170 49 50 49 CNGold 2.00 4.08 6.2 85 45 848 850 850 CRA 38.00 4.47 10.8 956 770 52 58 — CarrBoyd 3.00 5.45 7.9 72 55 10 11 10 City Res 8.00 80.00 — 31 8 10 12 — ConsRes — — — 15 8 950 — — ConsRtle 60.00 6.32 10.5 1125 950 38 39 39 DeltaG — — — 47 35 135 136 135 Dominion 4.00 2:96 15.3 150 110 230 235 230 ERA 10.00 4.35 14.9 330 200 375 378 375 Emperor 20.00 5.33 11.7 512 375 — 11 — FPhoenix —— — — 8 8 185 190 185 Forsayth 9.00 4.86 9.3 210165 76 78 78 GMKalg — — 4.8 120 75 29 30 30 GiantRes — — 2.3 74 29 8 9 8 GtFngall — — — 12 8 — 1 — opt89 — — — 1 1 17 19 18 JasonMin —— — — 38 17 5 7 5 Jlana — ——• — 9 5 238 240 240 Kidston 24.00 10.00 5.8 290 205 38 39 38 Kitchener — —— — 45 30 4 5 4 KiwiGold — — — 9 3 197 198 198 MIM 6.00 3.03 14.5 200 159 — 150 — MetalsEx — — — 160 145 310 315 310 Metana 25.00 8.06 5.6 504 310 40 49 50 Moruya — — — 55 37 — 350 350 Niugini — — 88.9 445 260 232 234 234 NorthBH 10.00 4.27 13.6 277 218 23 25 23 NthKalg — — 3.5 33 22 — 210 200 NthFlndr 25.00 12.50 3.1 480 175 19 20 20 Otter — — — 32 19 156 158 158 PancontM 2.50 1.58 11.8 193 150 — 12 12 Paragon — — — 30 10 1 — 1 opt89 — — — 16 1 — 78 — Paringa 16.00 21.33 3.1 90 52 187 188 187 Pasminco — — — 192 160 40 41 40 PionMin — —. — 74 35 278 280 278 PlacrPac — — 59.4 312 210 205 — 205 Poseidon 10.00 4.88 17.1 260 195 130 132 130 QCTRes 6.00 4.62 7.3 1210 102 770 778 776 RGC 20.00 2.58 26.4 790 630 500 520 510 SnsGwlia 50.00 9.80 6.2 600 460 9 10 — Spargos 1.00 11.11 — 16 8 41 43 41 SthnPac — — . — 57 33 4 5 — Technomin — — — 7 4 — 7 5 Tectonic — — — 25 5 4 7 5 TitanRes — — — 8 3 — 1 — opt89 — — — 1 1 536 538 538 WMC 26.00 4.83 11.3 554 470 180 185 — WalMin — — — 190 100 290 295 290 WestSand 8.00 2.76 21.0 300 250 64 65 64 AOG — — 18.5 70 53 155 160 155 AmpoiExp — — 8.8 195 145 14 16 15 Beach 1.00 6.67 5.3 24 15 84 85 84 Bridge — — 5.3 98 75 34 35 34 opt89 — — — 48 27 12 13 12 Claremont — —— — 33 11 95 100 — Crusader 2.50 2.63 23.2 130 95 35 36 35 Cultus — — — 53 18 3 4 3 Longreach — — — 5 2 200 — — Magellan — — 12.9 255 190 3 4 — Magnet — — — 4 3 56 60 — NZOilGas — — — 63 53 69 70 69 OilSch — — — 80 55 26 30 32 Petrozdd — — — 50 25 358 360 360 Santos 19.00 5.28 11.6 395 326 245 250 250 Vamgas 8.00 3.20 11.0 270 220 860 — — WeeksPet — — 1.5 900 800 235 238 235 Woodside — — 9.4 250 184