Lure of gold helps Aust. market

Press, 22 July 1989, Page 31

Lure of gold helps Aust. market

NZPA-AAP Sydney The Australian sharemarket closed above the critical 1600 level yesterday as a fall in the Australian dollar attracted overseas and domestic buying interest to the gold sector. Dealers said a strong performance by market leader, BHP, also helped to lift the market. The all-ordinaries index closed 6.6 points higher at 1603.0 and the gold marker was up 21.6 at 1566.3. “The new 1600 base was sustained and buyers proceeded to top-up their holdings,” said Jardine Fleming senior dealer, Mr Peter Morgan. The all-ordinaries was at its highest level since August 25 last year. The all-industrials index was 6.1 points higher at 2570.5 and the all resources rose 6.6 to 871.2. National turnover saw 109.7 million shares, worth sAust2so.7M, traded. Rises led falls three to two. Lend Lease and Howard Smith each gained 10c to 1140 and 475 respectively. Market leader, BHP, gained 8c to 9.56 on turnover of 3M shares, worth sAust2B.BM. Boral gained 7c to 358, Amcor 3c to 434, and Pacific Dunlop 1c to 477 on turnover of 2M shares. Among the entrepreneurs, Adsteam jumped 10c to 710, Bond Corporation 8c to 85c, and Brierley Investments 2c to 140. Elders IXL was unchanged at 300 on turnover of 5.6 M shares. Brokers said the main buyers of the stock were Nevitts, ANZ McCaughan, and Mclntosh Hamson Hoare Govett. Elders share price has risen He since Monday ahead of next Thursday’s shareholders meeting to approve Harlin Holdings Pty underwriting the Petito one-for-five rights issue. Bank issues were mostly weaker. National Australia fell 6c to 610, ANZ 4c to 506, and Westpac 2c to 510. In the resource sector, Triad Minerals jumped 10c to 195, CRA 8c to 936, and Renison Gold Fields 6c at 770. Among the gold miners, Whim Creek rose 15c to 320, North Flinders Mines 13c to 255, Metana 10c to 335, Placer Pacific 8c to 305, Dominion 7c to 167, and Paringa 6c to a month’s high at 82c.

On the Sydney Futures Exchange, the September share price index contract fell 6.0 points to 1632 from Thursday’s 1638 finish. About 844 lots were dealt.

Closing quotes Dividends Cents YId% P/E ratio Year’s Buy Sell Sale high low 145 150 145 AFPGrp — . — 30.7 155 100 132 135 132 ANI 10.59 8.02 6.5 180 106 320 330 — 91nts 34.10 10.33 —— 435 290 240 255 — 96nts 30.50 12.71 —— 320 230 504 506 506 ANZ 44.00 8.70 7.1 566 445 118 119 119 AWAdd 10.50 8.82 17.2 132 90 165 — 165 Acmex 10.00 6.06 26.6 198 125 706 710 706 AdelStm 94.00 13.31 7.0 730 558 200 —— 200 Alcan 20.00 10.00 3.3 285 200 21 23 21 Alpha 1.50 7.14 30.0 27 17 1265 1270 1250 Amatildd — — 18.9 1250 1130 432 433 433 Amcor 25.00 5.77 11.4 475 400 95 100 — ApexPac 6.00 6.32 — 115 80 238 239 239 Argo 11.00 4.60 19.8 259 222 12 13 12 Ariadne — — — 22 10 600 640 640 Arnotts 14.00 2.19 23.5 662 516 250 260 250 A’owfeld ——. — 11.6 290 200 138 139 139 AFound 6.00 4.32 26.4 155 125 47 48 47 AustOvrs 1.50 3.19 76.5 48 28 956 958 956 BHP 35.00 3.66 13.1 960 678 48 50 50 BTAustE 5.50 11.00 4.6 54 44 60 — 60 BTGlobal 7.00 11.67 — 60 46 514 516 514 BTRNylex 15.00 2.92 14.3 944 398 355 360 360 BankQld 16.00 4.44 14.0 360 310 63 65 65 BellG — — — 200 55 — — — pref 39.00 4.52 — — — 70 72 68 Res 15.00 21.43 1.9 145 55 84 85 84 BondCorp 16.00 19.05 1.0 187 48 23 25 24 BondMed — — 4.4 44 23 1 2 — opt91 — — — 5 1 357 358 357 Boral 20.00 5.60 11.1 368 298 1420 1425 1425 Brambles 36.00 2.53 18.0 1440 1030 1470 1540 — 90nts 30.75 2.02 — 1550 1145 400 — — BrickP 15.00 3.75 16.0 465 340 140 142 140 Brierley 7.60 5.43 10.7 142 98 330 335 330 Bun’berg 12.50 3.79 10.8 330 255 345 348 348 BurnsP 15.00 4.31 14.1 352 255 480 540 — CIG 23.50 4.35 15.0 560 400 459 460 459 CSR 32.00 6.97 10.4 479 390 83 84 83 Cascade 4.00 4.82 19.8 92 68 4 5 4 ChaseCrp 7.50 87.50 0.2 82 3 50 56 56 ClayR 6.50 11.61 2.7 145 44 36 37 — ClayRPT — — — 41 31 145 —— 145 Clyde 9.00 6.21 24.2 162 140 690 700 700 CoalAll 12.00 1.71 — 700 440 850 854 850 C’esMyer 28.44 3.35 13.2 924 772 377 381 381 Comalco 32.00 8.40 5.4 430 330 130 136 125 CorpEqit 15.00 11.54 4.1 176 125 50 75 opt91 — — — 88 65 — 2 1 Cortaus — —r — 3 1 6 11 — Eastcourt — — — 14 5 300 301 300 Elders 19.00 6.33 7.5 304 253 244 246 245 Rs 14.44 .5.89 18.7 262 223 410 420 420 Email 25.00 5.95 9.8 450 370 — 60 — Eurd-Nat — — 2.4 92 60 276 278 276 FAI 10.00 3.62 3.6 290 218 — 24 — FineMet — — 2.5 55 20 348 350 348 Fletcher 19.00 5.46 7.7 410 326 260 262 260 GPT 24.00 9.23 10.8 278 240 22 23 23 Girvan 5.00 21.74 1.8 65 23 218 220 220 Goodman 11.00 5.00 9.6 255 183 4 6 — HDFI — — — 8 4 208 210 210 Hanimex 18.00 8.57 5.0 385 200 262 263 263 HardieJ 19.00 7.22 8.5 272 225 105 108 —• Helm 6.00 5.56 6.4 164 100 30 31 31 Hitek — — 2.5 .79 28 45 46 45 Hooker 15.00 33.33 1.2 215 30 1845 1860 1845 IlProp — — — 1900 1600 620 630 620 ICI 36.00 5.81 10.3 704 560 100 105 100 lELGrwth 5.94 5.94 16.8 140 100 75 85 75 lELIncme 11.88 15.84 6.3 85 75 — 76 76 ImaginT 8.00 10.53 4.8 140 76 210 211 210 IndEquit 10.00 4.76 27.1 215 144 130 135 — Intrchase 3.00 2.31 — 175 130 195 198 195 Jennings 13.00 6.67 8.3 225 178 1035 1040 1035 JonesDav 30.00 12.56 10.3 1050 726 140 145 — Kern 6.00 4.29 11.6 210 125 70 98 — Kimberley — — — 101 55 5 8 —— Lrchhill — — — 12 1 26 — opt — — — 1 1 38 40 — Leda 2.00 5.13 — 52 38 65 67 65 Leighton 6.00 9.23 6.6 70 56 1140 1145 1140 LLease 54.00 4.74 13.4 1165 910 584 594 590 MayneN 30.00 5.08 12.9 604 490 16 19 —. McDowell — — — 28 15 98 100 100 McPhrsn 7.50 7.50 7.6 125 97 278 280 278 Memtec 2.00 .72 55.6 285 137 314 318 314 MetalMan 15.00 4.78 9.8 350 270 47 48 47 NZI 3.80 8.09 — 50 31 610 612 610 NatAust 60.00 9.84 7.2 690 580 300 302 300 NatCons 50.00 16.67 5.8 318 260 1625 1635 1630 NewsCorp 10.00 .61 10.9 1690 964 192 195 194 OPSM 11.00 5.67 13.0 262 180 48 51 50 Oakbridge — — — 52 30 475 477 477 PacDunlp 15.00 3.14 15.1 480 386 62 64 62 Parbury 4.00 4.65 5.7 100 54 50 51 '51 PayceCon 6.00 11.76 3.3 78 45 . 42 — — nts 12.00 14.46 — 96 82 298 305 300 PetersSI 20.00 6.67 10.5 305 238 280 282 282 Pionlnt 15.00 5.32 9.8 285 230 540 560 540 QBE 17.00 3.15 11.6 570 470 — 380 380 Qintex 13.63 3.59 5.6 425 350 200 220 220 ReiiCp 3.00 1.36 7.3 225 155 1 15 — opt —— —• —— 2 1 930 940 940 Rothmans 50.00 5.32 13.1 980 900 280 282 280 SchroPF 24.00 8.57 11.7 285 246 480 485 475 SmithHwd 20.00 4.17 — 504 335 345 353 350 SthnFarm 10.00 2.86 11.8 355 300 22 — Stockbge — — ■ — 35 16

10 17 — TAGPac 2.00 12.50 3.4 25 16 350 352 350 TNT 15.00 4.29 8.4 382 298 170 220 — Taylor — — — 240 200 74 — — USMaster 2.25 3.00 46.9 79 62 4 5 — Vapocure — — — 15 3 33 34 34 Viking — — — 52 28 490 496 490 Wattyl 12.50 2.55 15.3 550 430 188 195 195 WestCptl — — 22.8 195 130 260 265 265 WfieldHl 7.50 2.83 15.7 315 240 170 171 170 WfieldTr 18.02 10.60 9.4 187 160 118 120 118 Westmex 11.20 9.49 8.1 142 114 510 512 510 Westpac 50.00 9.80 5.4 590 458 44 45 45 WfldCap 1.00 2.22 8.7 80 34 234 235 234 Wormaid 4.00 1.71 — 235 165 17 18 18 AUR . 2.00 11.11 3.0 32 14 182 185 184 ACMins 7.00 3.80 11.4 185 112 510 524 510 Aberfoyle 14.00 2.75 34.0 560 440 134 135 135 Ashton 6.00 4.44 11.0 145 103 152 160 150 AustDevl 3.00 1.97 21.7 220 130 49 50 49 BHPGold — — 24.5 60 43 22 28 26 Bendigo — — — 36 6 2 8 7 ctg — — —— 10 1 1 — 1 opt — — — 1 1 178 — 178 Bougainvl 41.85 23.51 4.3 305 170 56 57 57 CNGold 2.00 3.51 7.2 85 45 936 938 938 CRA — — 11.9 956 770 57 58 58 CarrBoyd 3.00 5.17 8.3 72 52 9 10 10 City Res 8.00 80.00 — 31 8 9 10 — ConsRes — — — 15 8 1090 1100 1090 ConsRtle 60.00 5.50 12.0 1140 920 44 45 45 DeltaG — — — 47 35 167 168 167 Dominion 4.00 2.40 19.0 169 110 250 255 250 ERA 10.00 4.00 16.2 330 200 417 419 417 Emperor 20.00 4.80 13.0 512 365 12 —— — FPhoenix — —— — 25 5 195 200 195 Forsayth 9.00 4.62 9.8 210 165 69 70 70 GMKalg — — 4.3 120 67 35 36 36 GiantRes — — 2.8 74 29 8 9 — GtFngall — — — 12 8 — 1 — opt — —— 1 1 18 20 18 JasonMin — 38 16 5 7 — J’lana — — 9 3 252 254 254 Kidston 24.00 9.45 6.1 290 205 38 40 38 Kitchener — — — 45 30 3 4 — KiwiGold — — — 9 3 225 226 225 MIM 6.00 2.67 16.4 227 159 130 145 130 MetalsEx — — — 160 110 328 335 330 Metana 25.00 7.58 6.0 504 310 42 45 — Moruya — — — 55 37 320 330 320 Niugini — — 55.6 445 260 270 271 271 NorthBH 10.00 3.69 15.8 277 218 23 — 23 NthKalg — — 3.5 33 22 150 255 250 NthFlndr 25.00 10.00 3.9 480 175 15 18 18 Otter — — — 32 17 170 175 172 Pancont 2.50 1.45 12.8 193 150 12 14 13 Paragon — — — 30 ' 10 — 5 — opt — — — 16 1 80 82 82 Paringa 16.00 19.51 3.4 90 52 192 193 192 Pasminco — — . 197 160 . 41 42 41 PionMin — — —— 74 35 300 302 300 PlacrPac — — 64.1 312 210 220 225 225 Poseidon 10.00 4.44 18.8 260 195 149 150 149 QCTRes 6.00 4.03 8.3 150 102 766 770 770 RGC 20.00 2.60 26.2 790 630 518 — — SnsGwIia 50.00 9.65 6.3 600 460 8 10 8 Spargos 1.00 12.50 — 16 7 39 42 40 SthnPac — — — 57 33 4 5 — Technomin — — — 7 4 5 6 — Tectonic — — — 25 5 2 3 — TitanRes — — — 8 3 — 1 — opt — — — 1 1 590 592 592 WMC 26.00 4.39 12.4 596 470 181 185 181 WalMin — — — 190 100 — 308 305 WestSand 8.00 2.62 22.1 305 250 63 62 AOG — — 17.9 70 53 190 197 190 AmpolExp — — 10.8 195 145 15 16 16 Beach 1.00 6.25 5.6 24 15 92 94 94 Bridge — — 5.9 98 75 85 93 — delxo — — — 85 85 9 10 10 Claremont — — — 33 9 100 . 105 105 Crusader 2.50 2.38 25.6 130 95 27 35 27 Cultus — — — 53 18 2 3 — Longreach — — —— 5 2 185 200 185 Magellan — . — 12.0 255 181 3 4 — Magnet —— — — 4 3 63 65 64 NZOilGas — — — 64 53 71 75 71 OilSch — — — 84 55 29 31 28 Petroz dd — —— —. 50 25 393 394 393 Santos 19.00 4.83 12.7 397 326 265 275 270 Vamgas 8.00 2.96 11.8 270 220 850 — — WeeksPet — — 1.5 900 800 275 278 275 Woodside — — 11.0 280 184