AUSTRALIA Sellers chip at gains

Press, 19 July 1989, Page 38

AUSTRALIA Sellers chip at gains

NZPA-AAP Sydney The Australian sharemarket closed slightly firmer yesterday in spite of a bout of mild profit-taking in the afternoon session.

Market leader, BHP, reflected the market’s mood, up strongly at 948 c in the morning, but closing down 2c at 936.

“The market was very sleepy up to and after the release of the June balance of payments figures, but at no stage did it look weak,” said Ord Minnett senior dealer, Mr Mike Crowley.

The all-ordinaries index closed E 7 points higher at 1565.0. The all-industrials index was 4.9 points higher at 2524.8, but the all-resources slipped 0.5 to 840.5. The gold index gained 5.7 to 1507.6.

National turnover saw 107.2 million shares, worth sAustl6sM, change hands. Rises led falls about four to three.

Lend Lease jumped 15c to 1080 and ICI Australia and Burns Philp each gained 10c to 610 and 335 respectively. Elders IXL was up 3c at 295 on turnover of 3.5 M shares. Brokers said Ord Minnett was the main buyer of the stock.

News Corporation fell 15c to 1605 and Pacific Dunlop lost 2c to 463 after buying Repco Merchants for sAust27M. First International Property Trust jumped 14c to 99 as ANZ McCaughan sold 10M shares, or 10% of issued capital, at 99c a share to James Capel Australia. Slightly more than 10M March, 1991, options were also exchanged. Mr Rene Rivkin’s investment arm, Oilmet Investments, gained 2c to 29 as Rivkin’s crossed 5M shares at 30c a share. Entrepreneurial stocks were mostly firmer. Adsteam gained 8c to 682, Bond Corp 3c at 68c and Brierley Investments 2c at 135. Bank issues were mostly firmer. ANZ gained 5c to 500 and National Australia 2c at 608. Westpac was down 4c at 506. In the resource sector, Comalco lifted 9c to 365 and Queensland Metals Corporation gained 8c to 150. CRA lost 4c to 898 and Western Mining 2c to 560. Among the gold stocks, Poseidon lifted 5c to 225 and Barrack Mines 3c to 195.

Closing quotes Dividends P/E Year’s Buy Sell Sale 1 Cents YId% i ratio high low 145 150 150 AFPGrp — — 31.8 155 100 134 135 134 ANI 10.59 7.90 6.6 180 106 320 340 330 91 nts 34.10 10.33 — 435 290 240 255 — 96 nts 30.50 12.71 — 320 230 498 . 500 500 ANZ 44.00 8.80 7.0 566 445 116 120 117 AWA dd 10.50 8.97 17.0 132 90 160 165 — Acmex 10.00 6.06 26.6 198 125 682 684 682 AdelStm 94.00 13.78 6.8 730 558 200 208 205 Alcan 20.00 9.76 3.4 285 205 21 23 — Alpha 1.50 7.14 30.0 27 17 1155 1200 — Amatil dd — — 17.9 1220 1130 429 430 429 Amcor 25.00 5.83 11.3 475 400 95 96 95 ApexPac 6.00 6.32 — 115 80 239 240 240 Argo 11.00 4.58 19.8 259 22 12 13 12 Ariadne ■ — — — 22 10 610 612 612 Arnotts 14.00 2.29 22.5 624 516 250 260 260 Arrowfeld — — 12.0 290 200 250 —. — delxo — — — — — 140 142 140 AFound 6.00 .4.29 26.6 155 125 40 46 — AustOvrs 1.50 3.26 70.6 48 28 932 936 936 BMP 35.00 3.74 12.8 948 678 47 48 48 BTAustE 5.50 11.46 4.4 54 44 56 57 — BTGIobal 7.00 12.50 — 59 46 506 508 508 BTRNylex 15.00 2.95 14.1 944 398 340 350 340 BankQld 16.00 4.71 13.2 360 310 60 65 65 BellG — —— 200 55 — — P< 39.00 4 52 —— — 68 70 70 BellRes 15.00 21.43 1.9 145 55 67 69 68 BondCorp 16.00 23.53 0.8 187 48 23 24 24 BondMed — — 4.4 44 23 1 2 1 opt 91 — — — 5 1 341 343 341 Boral 20.00 5.87 10.6 368 298 1395 1400 1395 Brambles 36.00 2.5S 17.6 1405 1030 1460 _ — 90 nts 30.75 2.11 — 1430 1145 400 400 BrickP 15.00 3.75 16.0 465 340 134 136 135 Brierley 7.60 5.63 10.3 140 98 325 330 328 Bundaberg 12.50 3.81 10.7 330 255 332 335 335 BurnsP 15.00 4.48 13.6 337 255 ' 480 540 — CIG 23.50 4.35 15.0 560 400 456 457 457 CSR 32.00 7.00 10.4 479 390 83 84 83 Cascade 4.00 4.82 19.8 92 68 3 4 3 ChaseCrp 7.50 50.00 0.2 82 3 55 58 58 ClayR 6.50 11.21 2.8 145 44 35 37 — ClayRPT — — — 41 31 145 150 145 Clyde 9.00 6.21 24.2 162 140 670 696 690 CoalAll 12.00 1.74 — 700 440 830 840 830 ColesMyer 28.44 3.43 12.9 924 772 360 365 365 Comalco 32.00 8.77 5.2 430 330 130 136 — CorpEqit 15.00 11.54 4.1 176 130 55 75 — opt 91 — — 88 65 1 2 — Cortaus — — —- 3 1 6 12 11 Eastcourt — — — 14 5 294 296 295 Elders 19.00 6.44 7.4 304 253 236 238 238 EldersRs 14.44 6.07 18.2 262 223 402 405 402 Email 25.00 6.22 9.4 450 370 — 60 — Euro-Nat — — 2.4 92 60 268 269 268 FAI 10.00 3.73 3.5 290 218 15 24 — FineMet — — 2.5 55 20 345 348 347 Fletcher 19.00 5.48 7.7 410 326 248 250 250 GPT 24.00 9.60 10.4 278 240 25 26 26 Girvan 5.00 19.23 2.0 65 24 210 213 213 Goodman 11.00 5.16 9.3 255 183 4 5 5 H.D.F.I. — — — 8 4 205 210 210 Hanimex 18.00 8.57 5.0 385 202 253 255 255 HardieJ 19.00 7.45 8.3 272 225 108 110 — HelmCorp 6.00 5.45 6.5 164 100 30 32 30 Hitek — — 2.5 79 28 45 47 47 Hooker 15.00 31.91 1.3 215 30 1800 1810 1800 HProp — — — 1900 1600 608 610 610 ICI 36.00 5.90 10.1 704 560 100 105 — lELGrwth 5.94 5.66 17.7 140 105 75 85 — lELIncme 11.88 15.84 6.3 85 75 78 81 79 ImaginT 8.00 10.13 4.9 ' 140 79 210 211 211 IndEquit 10.00 4.74 27.2 215 144 125 135 135 Intrchase 3.00 2.22 — 175 130 190 198 198 Jennings 13.00 6.57 8.4 225 178 1035 1040 1035 JonesDav 30.00 12.56 10.3 1045 726 137 150 — Kern 6.00 4.38 11.3 210 125 70 100 — Kimberley — — — 101 55 5 5 Lrchhill 8.00 60.00 0.1 12 1 — — opt 90 —— — —— 1 1 38 40 — Leda 2.00 5.13 — 52 38 64 68 65 Leighton 6.00 9.23 6.6 70 56 1075 1085 1080 LLease 54.00 5.00 12.7 1125 910 586 590 586 MayneN 30.00 5.12 12.8 604 490 16 19 — McCDowel — — — 28 15 97 98 98 McPhersn 7.50 7.65 7.5 125 97 275 280 278 Memtec 2.00 .72 55.6 285 137 315 320 320 MetalMaan 15.00 4.69 10.0 350 270 46 47 47 NZICorp 3.80 8.26 — 50 31 . 606 608 608 NatAust 60.00 9.87 7.2 690 580 300 305 305 NatCons 50.00 16.39 5.9 318 260 1600 1605 1605 NewsCorp 10.00 .62 10.7 1690 964 190 192 192 OPSM 11.00 5.73 12.9 262 180 46 47 47 Oakbridge — — — 52 30 460' 463 463 PacDunlp 15.00 3.24 14.6 475 386 62 65 65 Parbury 4.00 6.15 6.0 100 54 45 51 — PayceCon 6.00 11.76 3.3. 78 45 42 — — nts 12.00 14.46 — ' 96 82 295 296 296 PetersSl 20.00 6.76 10.3 305 238 277 279 278 Pionlnt 15.00 5.40 9.6 285 230 530 540 530 QBE 17.00 3.21 11.4 570 470 380 — 380 Qintex 13.63 3.59 5.6 425 350 218 220 — ReilCorp 3.00 1.36 7.3 225 155 1 15 — opt 92 — — — 2 1 940 950 940 Rothmans 50.00 5.32 13.1 980 900 276 280 280 SchroPF 24.00 8.57 11.7 285 246 455 460 460 SmithHwd 20.00 4.35 — 504 335

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents Yld% ratio high low 340 350 350 SthnFarm 10.00 2.86 11.8 350 300 18 22 18 Stockbge — — — 35 16 16 18 — TAGPac 2.00 12.50 3.4 25 16 333 335 335 TNT 15.00 4.48 8.1 382 298 170 220 — Taylor — — —— 240 200 76 — USMaster 2.25 3.00 46.9 79 62 3 6 — Vapocure — — — 15 3 32 35 35 Viking — —> — 52 28 490 496 — Wtatyi 12.50 2.55 15.3 550 430 184 190 185 WestCptl — — 21.6 195 130 260 265 — WfieldHl 7.50 2.88 15.4 315 ' 240 165 167 166 WfieldTr 18.02 10.86 9.2 187 160 114 116 115 Westmex 11.20 9.74 7.9 142 115 506 508 506 Westpac 50.00 9.88 5.4 590 458 36 40 — WfldCap 1.00 2.78 6.9 80 34 225 230 225 Wormaid 4.00 1.78 — 230 165 17 18 18 AUR 2.00 11.11 3.0 32 14 175 180 177 ACMins 7.00 3.95 10.9 178 112 480 490 485 Aberfoyle 14.00 2.89 32.3 560 440 131 134 130 Ashton 6.00 4.58 10.7 145 103 145 150 —. AustDevl 3.00 2.00 21.4 220 130 47 48 48 BHPGold — — 24.0 60 43 24 30 24 Bendigo — — — 24 6 5 — — ctg — — — 4 1 2 , — opt 89 — — 1 1 175 178 178 Bougainvl 41.85 23.51 4.3 305 170 54 58 55 CNGold 2.00 3.64 7.0 85 45 898 900 898 CRA — .■ 11.4 956 770 55 58 — CarrBoyd 3.00 5.45 7.9 72 52 9 10 9 CityRes 8.00 88.89 — 31 8 9 10 — ConsRes —— — — 15 8 1080 1100 1100 ConsRtle 60.00 5.45 12.1 1140 920 38 39 39 DeltaG — — — 47 35 150 152 151 Dominion < 4.00 2.65 17.2 156 110 250 260 250 ERA 10.00 4.00 16.2 330 200 428 430 430 Emperor - 20.00 4.65 13.4 512 365 8 10 — FPhoenix — — — 25 5 185 190 190 Forsayth 9.00 4.74 9.5 210 165 69 70 69 GMKalg — — 4.2 120 68 34 35 34 GiantRes — — 2.7 74 29 8 9 8 GtFngall — — — 12 8 — 1 — opt 89 — — — 1 1 • 16 17 17 JasonMin — — — 38 16 5 7 5 J’iana — — — 9 3 240 243 241 Kidston 24.00 9.96 5.8 290 205 38 40 38 Kitchener — — — 45 30 3 4 — KiwiGold — — — 9 3 211 212 211 MIM 6.00 2.84 15.4 213 159 120 145 120 MetalsEx —• — — 160 110 333 335 335 Metana 25.00 7.46 6.1 504 310 41 51 45 Moruya — — — 55 37 310 — 310 Niugini — — 44.4 445 260 258 259 259 NorthBH 10.00 3.86 15.1 277 218 23 24 24 NthKalg —-- — 3.7 33 22 235 240 237 NthFlndr 25.00 10.55 3.7 480 175 13 18 — Otter — — 32 17 170 172 172 PancontM 2.50 1.45 12.8 193 150 13 14 14 Paragon — — — 30 10 — 5 — opt 89 — — — 16 1 72 75 — Paringa 16.00 21.33 3.1 90 52 186 190 190 Pasminco — — — 197 160 41 42 42 PionMin ■ —— — 74 35 285 287 287' PlacrPac — 61.3 312 210 220 225 225 Poseidon 10.00 4:44 18.8 260 195 140 142 140 QCTRes 6.00 4.29 7.8 1210 102 764 770 770 RGC 20.00 2.60 26.2 790 630 510 520 — SnsGwIia 50.00 9.77 6.3 600 460 7 8 8 Spargos 1.00 12.50 — 16 7 42 44 43 SthnPac — — — 57 33 4 5 — Technomin — — — 7 4 6 7 — Tectonic — — — 25 5 2 4 — TitanRes — — — 8 3 - 1 — opt 89 — — — 1 1 560 562 560 WMC 26.00 4.64 11.7 572 470 180 185 180 WalMin —- — — 190 100 300 — 300 WestSand 8.00 2.67 21.7 300 250 62 65 63 AOG — — 18.2 70 53 182 185 182 AmpolExp — — 10.3 195 145 15 16 — Beach 1.00 6.25 5.6 24 15 88 90 90 Bridge — — 5.6 98 75 85 — — delxo — — — 85 85 10 11 10 Claremont —— — —— 33 10 100 110 100 Crusader 2.50 2.50 24.4 130 95 25 27 25 Cultus — — — 53 18 3 4 — Longreach — — — 5 2 185 190 185 Magellan — — 12.0 255 181 3 4 — Magnet —— — — 4 3 55 56 56 NZOilGas — — — 63 53 75 76 75 OilSch — — — 84 55 22 34 34 Petroz dd — — —— 50 25 386 388 386 Santos 19.00 4.92 12.5 397 326 260 — 260 Vamgas 8.00 3.08 11.4 270 220 850 — — WeeksPet — — 1.5 900 800 244 245 245 Woodside — — 9.8 250 184