AUSTRALIA Wall St gives lead to wary investors

Press, 21 October 1989, Page 37

AUSTRALIA Wall St gives lead to wary investors

NZPA-AAP Sydney A stronger close on Wail Street led Australia’s sharemarket higher in relatively subdued trading yesterday after a rollercoast ride this week. The ail-ordinaries index was 17.9 points up near the close at 1673.8, barely off its high for the day at 1674.1.

It has lost 68.1 points since its close last Friday at 1741.9, before the 191point plunge on Wall Street which sent world bourses tumbling and evoked memories of the share market crash of October 19, 1987. “You cannot write off last Friday as a one-day wonder ... the market is still digesting that,” a dealer said.

Wall Street’s 40 point climb to 2683 on expectations of an easing in United States interest rates boosted the local

market sharply higher at the start of trading.

But a statement on radio by Federal Treasurer, Mr Keating, indicating he could not guarantee that domestic interest rates would not go higher, prompted some late morning selling, brokers said. However, the market lifted again in afternoon trading. National turnover was 101.92 million shares, worth sAustlB7.99M, with advances outnumbering declines by nearly three to one. The all-industrials index jumped 31.7 to 2673.5, the all-resources 7.6 to 916.6, and the gold marker 17.6 to 1541.4. Market leader, BHP, was a strong performer, gaining 14c to 956, as was Pacific Dunlop, up 6c to 491, and CSR, which rose

10c 1 to 500. Dividends P/E Year’s Cents Yld% ratio high low — — 38.1 220 100 5.30 3.42 — 180 106 34.10 9.09 — 435 290 30.50 10.89 — 320 230 44.00 7.89 7.9 604 445 10.50 8.75 — 135 90 5.00 2.53 79.2 200 125 10.00 3.88 12.6 265 200 83.00 8.79 .8.4 1050 558 20.00 8.16 4.1 285 200 .75 3.95 95.0 27 17 — — 17.6 1275 1100 26.50 6.08 10.9 510 400 7.00 8.75 5.5 115 80 13.20 5.16 16.3 282 200 — — — 22 10 21.00 3.32 19.4 670 516 15.00 5.88 14.7 290 200 7.09 4.17 18.7 175 125 1.75 3.98 58.8 53 28 35.00 3.67 13.1 1065 678 1.50 3.00 7.5 58 44 3.50 4.93 5.2 76 46 15.00 2.50 16.6 944 398 16.00 3.95 14.0 405 310 — — — 200 25 39.00 4.52 — — — 15.00 19.48 2.0 145 55 16.00 57.14 0.3 187 23 — — — 44 20 —- —— 5 1 21.00 5.80 9.4 440 298 39.00 2.86 13.6 1500 1030 30.75 2.20 — 1580 1145 13.00 7.88 5.8 208 98 12.50 3.42 11.9 400 255 15.00 3.87 13.4 412 255 23.50 4.52 14.4 560 400 32.00 6.40 11.4 540 390 4.00 4.08 13.2 100 68 3.00 5.45 9.3 145 44 4.74 12.81 7.9 41 31 9.50 6.33 10.0 170 140 16.00 2.00 17.0 900 440 36.50 4.10 11.7 946 772 32.00 8.10 5.6 460 330 16.00 11.43 4.1 176 125 — — — > 88 65 —- —- —— 3 1 — — 20 5 20.50 6.70 8.9 325 253 21.84 8.88 5.9 300 212 25.00 5.75 10.2 465 370 — — . 2.0 92 60 9.00 3.00 11.1 330 218 — — — 55 12 35.10 9.86 4.6 440 326 24.80 9.96 10.0 278 235 2.00 11.11 18.0 65 16 11.00 5.76 18.4 255 180 1.75 35.00 — 8 4 19.00 7.04 8.7 296 225 6.00 6.38 15.7 164 85 — — 2.0 79 20 — — — 1900 1600 36.00 5.63 10.6 704 560 6.64 6.32 15.8 140 100 13.28 18.97 5.3 85 65 8.00 13.33 3.8 140 45 10.00 4.69 6.1 230 144 1.50 1.67 — 175 90 15.50 6.74 7.6 255 178 30.00 11.71 11.0 1160 726 6.50 4.48 12.8 210 125 — — 4.3 101 55 1— — — 12 1 —- — — 1 1 2.00 4.35 12.2 52 37 7.00 8.54 6.4 88 56 54.00 4.56 13.1 1310 910 33.00 5.27 11.5 702 490 — — — 28 15 7.50 6.82 9.1 125 97 3.00 .83 20.0 380 137 15.00 4.90 9.6 360 270 60.00 8.90 8.0 704 580 37.00 10.57 7.0 380 260 10.00 .76 8.4 1780 964 11.50 5.90 10.4 262 180 — — 63.5 77 30 17.00 3.46 12.2 536 386 6.00 10.00 3.8 100 54 6.00 10.91 30.6 78 45 12.00 15.00 — 96 78 22.00 6.83 8.3 354 238 15.00 5.40 10.2 305 230 20.25 3.02 12.1 690 470 15.00 5.88 3.7 425 300 — — 7.5 265 155 — — —— 2 1 52.00 5.20 9.6' 1050 900 24.00 8.42 11.9 296 246 27.50 4.74 15.5 610 335 13.00 3.07 9.4 450 300 — — — 39 16 2.00 10.53 8.6 22 19 15.00 4.93 8.0 404 290 —- — — 240 180 2.25 2.74 43.2 82 62 — — — 15 2 — — 18.7 52 28 16.00 3.48 12.8 556 430

Closing quotes Buy 180 Sell 185 Sale 180 AFPGrp 155 156 155 ANI 375 420 375 91nts 280 — — 96nts 558 560 558 ANZ 120 123 120 AWAdd 197 —— — Acmex 255 258 258 AdelCem 940 944 944 AdelStm 234 245 245 Alcan 19 23 — Alpha 1180 1200 1180 Amatil 432 436 436 Amcor — 85 — ApexPac 255 256 256 Argo 17 18 18 Ariadne 62G 632 632 Arnotts 255 330 — Arrowfeld 166 170 170 AFound 41 50 — AustOvrs 954 956 954 BHP 48 54 50 BTAustE 70 72 71 BTGIobal 598 600 600 BTRNylex .400 420 — BankQld — 38 38 BellG — — — pref 76 77 77 BellRes 28 — 28 BondCorp 23 25 25 BondMed — 1 — opt91 362 364 362 Boral 1360 1365 1365 Brambles 1400 1500 — 90nts 163 165 165 Brierley 365 385 365 Bundaberg 388 395 388 BurnsP 500 520 — CIG 500 502 500 CSR 97 98 98 Cascade 55 58 55 ClayR 37 38 37 ClayRPT 150 155 150 Clyde 800 820 800 CoalAll — 900 890 ColesMyer 394 395 395 Comalco 133 140 140 CorpEqit — — — opt91 1 3 Cortaus 10 13 12 Eastcourt 306 308 306 Elders 245 — 246 EldersRs 435 437 435 Email — 50 — Euro-Nat 298 300 300 FAI 20 26 . — FineMet 356 358 356 Fletcher 249 250 249 GPT 17 18 18 Girvan 191 192 191 Goodman 4 5 — HDFI 268 270 270 HardieJ 91 94 — HelmCorp 24 25 25 Hitek 1745 1760 1750 UProp 640 650 640 ICI 101 — — lELGrwth 66 85 — lELIncme 60 61 60 ImaginT 213 215 212 IndEquit 70 90 — Intrchase 220 230 230 Jennings 1105 1110 1115 JonesDav 140 145 145 Kern 28 58 — Kimberley 5 8 5 Lrchhill — 25 — opt90 46 49 — Leda 81 82 82 Leighton 1185 — 1185 . LLease 626 630 626 MayneN 16 18 — McCDowell 110 112 — McPherson 355 — 360 Memtec 306 310 305 MetalMan 672 676 674 NatAust 350 370 350 NatCons 1320 1330 1320 NewsCorp 195 —■ 195 OPSM 72 73 73 Oakbridge 490 491 491 PacDunlp 60 64 60 Parbury 50 60 — PaceCon 65 82 —- nts 322 330 322 PetersSl 278 280 278 Pion.Int 662 680 670 QBE — 255 — Qintex — — — ReilCorp 1 — — opt92 1000 1010 1000 Rothmans 285 — 283 SchroPF 574 590 580 SmithHwd 423 430 420 SthnFarm 26 30 29 Stockbge 14 22 —— TAGPacdd 302 304 304 TNT — 170 — Taylor 70 83 — USMaster 2 3 — Vapocure 40 44 43 Viking 460 480460 Wattyl

200 - WestCptl — — — 300 130 260 275 260 WfieldHl 7.50 2.88 12.9 315 240 164 165 165 WfieidTr 18.34 11.12 9.0 187 150 115 116 116 Westmex 12.50 10.78 9.2 150 100 514 516 516 Westpac 50.00 9.69 5.5 590 458 39 40 40 WfldCap — — 38.1 80 34 — — 278 Wormaid 5.00 1.80 23.6 300 165 17 18 - AUR 1.00 5.88 — 32 14 187 195 187 ACMins 3.00 1.60 7.9 229 112 550 580 — Aberfoyle 14.00 2.55 36.7 640 440 144 145 145 Ashton 6.00 4.14 11.8 168 103 180 — AustDevl 5.00 2.78 9.0 220 130 43 44 44 BHPGold — — 22:0 60 38 18 23 23 Bendigo — — — 36 6 4 — — ctg — — — 10 1 — 5 — opt89 — — — 1 1 186 190 186 Bougainvl 40.23 21.63 4.66 305 155 55 60 56 CNGold 1.00 1.79 — 85 45 1130 1140 1135 CRA — — 14.4 1265 770 70 — 70 CarrBoyd 5.00 7.14 11.7 85 52 8 9 — CityRes 8.00 — — 31 7 9 12 — ConsRes — — —— 15 8 1270 1300 1300 ConsRtle 30.00 2.31 7.4 1450 920 50 51 50 DeltaG — — — 59 35 155 156 156 Dominion — — 23.3 175 110 232 235 - ERA 10.00 4.31 25.2 330 200 345 348 350 Emperor 20.00 5.75 11.8 512 219 3 20 — FPhoenix — i— — 25 5 155 158 155 Forsayth 9.00 5.81 7.8 220 150 81 82 82 GMKalg — — 16.1 120 61 29 30 30 GiantRes — — — 74 26 27 28 27 GtFngall — — — 33 8 12 13 12 JasonMin — — — 38 9 6 7 — J’lana — — — 9 3 234 240 240 Kidston 24.00 10.00 5.8 290 205 35 40 — Kitchener — — — 45 30 4 5 — KiwiGold — — — 9 3 247 248 246 MIM 10.00 4.05 12.6 280 159 — 235 — MetalsEx — — 16.5 245 110 240 245 240 Metana — — — 504 225 35 40 — Moruya — — — 55 30 290 300 300 Niugini — — 33.3 445 260 292 293 292 NorthBH 11.00 3.77 17.7 341 218 213 215 215 NthFlndr 18.75 8.72 5.8 480 175 17 22 — Otter — — — 32 16 190 200 190 PancontM 3.50 1.84 12.5 225 150 — 17 16 Paragon — — — 30 10 3 5 — opt89 — — — 16 1 58 — Paringa — — 62.0 98 52 272 275 275 Pasminco 13.50 4.91 10.6 294 160 68 74 72 Pion.Min — — — 108 35 290 293 293 PlacrPac — — 62.6 342 210 275 — 275 Poseidon 10.00 3.64 ’ 13.8 320 195 146 148 147 QCTRes 6.50 4.42 12.7 156 102 870 900 870 RGC 30.00 3.45 12.9 916 630 560 570 560 SnsGwlia 50.00 8.93 6.3 600 460 8 10 8 Spargos — — — 16 6 28 30 30 SthnPac — —- — 57 25 5 7 — Technomin — — — 8 4 6 7 — Tectonic — — — 25 4 19 22 21 TitanResdd — — — 48 . 5 16 24 — delxo — — — 22 19 606 608 606 WMC 30.00 4.95 15.6 682 470 176 180 - WalMin — — — 190 100 357 360 355 WestSand 14.00 3.92 25.9 375 250 75 80 - AOG — — 44.0 85 53 220 222 220 AmpolExp — — — ■ 250 145 14 18 — Beach — — 2.5 24 12 85 86 86 Bridge — — 5.4 117 65 7 8 7 Claremont — — — 33 6 95 102 100 Crusader 2.50 2.50 13.9 130 95 23 30 — Cultus — — — 53 18 3 4 — Longreach — — T— 5 2 165 180 170 Magellan — — — 255 158 3 5 — Magnet — — — 5 3 53 56 — NZOilGas —— — 13.8 72 53 66 67 66 OilLSch — —— — 98 55 31 34 — Petroz — — 1.1 50 25 393 395 395 Santos 19.00 4.81 12.7 435 326 — 290 — Vamgas 8.0 2.76 12.7 300 220 — 750 — WeeksPet — — 1.4 900 750 280 284 280 Woodside — —. 11.2 302 184