AUSTRALIA Gold pulls shares down

Press, 6 December 1989, Page 49

AUSTRALIA Gold pulls shares down

NZPA-AAP Sydney An overnight slump in the price of gold pushed prices lower on the Australian sharemarket yesterday. The gold marker dived 64.9 points, or 3.7%, to 1686.6 as the price of bullion in late local business fell to SUS4OI.IO/401.60 an ounce from its previous close here of 5U5412.20/60. “The fall in gold took all the enthusiasm out of the market after yesterday’s run," a broker said. “The market is waiting for two things — lower interest rates which is tied to a fall in the Aussie dollar, but Keating (the Australian Treasurer) tried to put a dampener on that overnight. It’s also waiting for good metal prices and the fall in gold overnight didn’t help sentiment much.” Turnover was boosted by trading in Wormaid where 25.41 million shares traded, mostly in three special sales at 225 c a share, believed to be the AFP Group selling down its stake. Wormaid closed 1c higher at 235. The industrial sector was held together by demand for the banks. The ANZ rose 4c to 588, and the National Australia 6c to 710, but Westpac was steady at 568. Market leader, BHP, fell 4c to 924 and Coles Myer and Coca Cola Amatil both lost 10c to 826 and 1150 respectively. Brambles, however, added 20c to 1350. The Bond group of companies recorded mixed fortunes, with Bond Corporation adding 1c to 21, Bell Resources down 3c to 47, the Bell Group off 2c to 46, and Bond Media down 1c to 15. Westmex was the biggest casualty of the day, closing 19c lower at 40 after plunging

to an all-time low of 37c. Turnover was brisk with 2.7 M shares traded. FAI Insurances, however, reversed the weaker trend of recent days, adding 25c to 240. It is believed County Securities were strong buyers of FAI.

In the gold sector, Metana shed 12c to 223, Placer Pacific lost 11c to 324, and Renison fell 6c to 880. The heavyweight miners were also weaker, with CRA down 15c to 1090 and Western Mining off 18c to 636. North Broken Hill, however, added 5c to 276.

Closing quotes Dividends Cents YId% P/E ratio Year’s Buy Sell Sale high low 182 185 178 AFP Grp — — 28.0 220 100 162 164 162 ANI 5.30 3.27 — 180 106 430 435 425 91 nts 34.10 7.93 — 435 290 295 — —- 96 nts 30.50 10.17 — 320 230 586 588 588 ANZ 44.00 7.48 6.9 604 445 110 112 112 AWA 10.50 9.38 — 135 90 197 —- — Acmex 5.00 2.53 79.2 200 125 216 228 216 Adel Cem 10.00 4.63 10.5 265 200 744 746 746 Adel Stm 83.00 11.13 6.6 1050 558 215 220 220 Alcan 20.00 9.09 3.6 285 200 21 23 — Alpha .75 3.57 5.0 27 17 420 421 421 Amcor ■ 26.50 6.29 9.2 510 400 75 80 75 Apex Pic 7.00 9.33 5.1 115 57 244 245 245 Argo 13.20 5.39 15.6 282 200 18 19 18 Ariadne — —— — 22 10 554 560 552 Arnotts < 21.00 3.79 17.0 670 516 220 230 — Arrowfeld 15.00 6.52 13.2 290 200 155 160 160 A Found 7.09 4.43 17.6 175 125 40 45 — Aust Ovrs 1.75 4.17 47.1 53 28 922 924 924 BMP 35.00 3.79 12.7 1065 678 49 50 49 BT Aust E 5.50 11.22 7.3 58 44 72 75 75 BT Global 3.50 4.67 5.5 76 46 586 590 588 BTR Nylex 15.00 2.55 16.3 944 398 350 359 350 Bank Qld 16.00 4.57 12.1 410 310 46 48 46 Bell G —- — — 200 25 — pf 39.00 4.63 — — 46 48 49 Bell Res — — — 145 43 20 21 21 Bond Corp 8.00 38.10 — 187 13 14 15 15 Bond Med — — —- 44 14 l/ 2 1 — opt 91 —- — —• 5 373 375 375 Boral 21.00 5.60 9.8 440 298 1340 1350 1350 Brambles 39.00 2.89 13.5 1500 1030 180 1430 — 90 nts 30.75 6.15 — 1580 500 159 160 160 Brierley 7.60 4.75 9.6 208 98 380 400 390 Bundaberg 12.50 3.21 12.8 400 255 347 350 350 Burns P 15.00 4.29 13.3 412 255 1150 1160 1150 CCAmatl — 17.2 1275 1100 508 CIG 23.50 4.70 16.0 560 400 514 516 514 CSR 40.00 7.78 11.7 540 390 81 84 82 Cascade 4.00 •4.88 11.1 100 68 35 40 35 Clay R 3.00 8.57 5.9 145 35 33 34 33 Clay R PT 4.74 14.36 7.1 41 31 145 150 145 Clyde 9.50 6.55 9.7 170 135 890 896 892 Coal All 16.00 1.79 19.0 900 440 826 830 826 Col Myer 36.50 4.42 10.8 946 772 380 382 380 Comalco 32.00 8.42 5.4 460 330 117 125 — Corp Eqit 16.00 12.80 3.7 176 125 — — — opt 91 — —-■ — . 88 65 7.5 8 , 8 Eastcourt — — — 20 5 233 234 233 Elders 20.50 8.80 7.9 325 218 186 190 190 EldersRs 12.76 6.72 8.7 300 185 383 384 385 Email 25.00 6.51 9.0 465 370 240 250 240 FA! 9.00 3.75 8.9 330 205 21 26 22 FineMet —- — — 55 12 326 328 328 Fletcher 20.52 6.26 7.3 440 320 240 241 241 GPT 24.80 10.29 9.7 278 235 9 10 9 Girvan 2.00 21.05 9.5 65 8 180 182 182 Goodman 11.00 6.04 17.5 255 175 3 4 — H.D.F.I. 1.75 58.33 — 8 3 260 262 262 HardieJ 19.00 7.25 8.5 296 225 88 90 — HelmCorp 6.00 6.67 15.0 164 85 — 35 — Hitek — — 2.9 79 20 1750 1770 1750 UProp «— — — 1900 1600 608 612 610 ICI 50.00 8.20 9.1 704 560 101 — — lELGrwth 6.64 6.32 15.8 140 100 75 85 — lELIncme 13.28 17.71 5.6 85 65 45 55 — ImaginT — — 23.0 140 144 220 221 221 IndEquit 10.00 4.52 6.3 230 144 45 55 — Intrchase 1.50 2.73 — 175 56 213 215 215 Jennings 15.50 7.21 7.1 255 178 1220 1250 1220 JonesDav 30.00 10.66 12.1 1250 726 125 — Kern 6.50 5.42 10.6 210 115 27 40 — Kimberley — — 3.0 101 28 39 44 — Leda 2.00 5.00 10.6 52 37 87 90 87 Leighton 7.00 8.05 6.8 88 56 1205 1210 1210 LLease 54.00 4.46 13.3 1310 910 618 620 622 MayneN 33.00 5.32 10.8 702 490 12 15 — McDowell — — — 28 15 98 — McPherson 7.50 7.65 8.1 125 92 325 335 325 Memtec 3.00 .92 18.1 380 137 280 286 285 MetalMan 15.00 5.26 8.9 360 270 708 710 710 Nat Aust 60.00 8.45 7.3 714 580 358 — 358 NatCons 37.00 10.34 7.2 380 260 1435 1440 1430 NewsCorp 10.00 .70 9.1 1780 964 202 — 205 OPSM 11.50 5.61 11.0 262 180 65 66 67 Oakbridge — — 57.4 77 30 484 485 484 PacDunlp 17.00 3.51 12.1 536 386 60 62 — Parbury 6.00 9.68 3.9 100 54 48 53 52 PayceCon 6.00 11.54 28.9 78 45 65 80 — nts 12.00 15.00 — 96 78 351 353 350 PetersSI 22.00 6.27 9.1 354 238 246 247 247 Pionlnt 15.00 6.07 9.0 305 230 —. 650 640 QBE 20.25 3.16 11.6 700 470 1025 1050 — Rothmans 52.00 4.95 10.1 1080 900 267 —— — SchroPF 24.00 8.99 11.1 296 246 — 580 576 SmlthHwd 27.50 4.77 15.4 610 335

21 24 — Stockbge — — — 39 16 15 16 15 TAGPac 2.00 13.33 6.8 22 14 288 290 290 TNT 15.00 5.17 7.7 404 278 — 300 — Taylor — — — 300 170 — 48 — Trikon — — 1.2 92 30 76 — — USMaster 2.25 2.96 40.0 82 62 2 2‘/2 2 Vapocure — — — 15 n/ 2 25 28 — Viking — — 12.2 52 28 435 440 435 Wattyl 16.00 3.68 12.1 556 428 195 198 195 WestCptl — — — 300 130 235 240 235 WfieldHl 7.50 3.19 11.7 315 228 156 157 157 WfieldTr 18.34 11.68 8.6 187 150 39 40 39 Westmex 12.50 32.05 3.1 150 37 566 570 570 Westpac 52.50 9.21 7.3 590 458 36 38 36 WfldCap — — 34.3 80 28 233 235 235 Wormaid 5.00 2.13 19.9 300 165 18 20 20 A.U.R. 1.00 5.00 — 32 14 200 205 205 ACMins 3.00 1.46 8.6 242 112 490 494 495 Ab’foyle 14.00 2.83 32.9 640 440 135 145 135 Ashton 6.00 4.44 11.0 168 103 160 175 — AustDevi 5.00 2.86 8.8 220 130 49 50 49 BHPGold — — 24.5 60 38 17 18 — Bendigo — — — 36 6 4 ctg — —- 10 1 155 158 155 B’gainvl 39.69 25.61 3.9 305 155 66 67 67 CNGold 1.00 1.49 —- 85 45 1085 1090 1090 CRA — — 13.8 1265 770 — 74 — CarrBoyd 5.00 6.94 13.2 85 52 4 4>/ 2 4 CityRes 8.00 — — 31 4 10 11 — ConsRes — — — 15 8 534 560 532 ConsRts 33.60 6.29 7.6 560 480 53 54 53 DeltaG — — — 60 35 182 183 183 Dominion — — 29.1 210 110 215 220 215 ERA 10.00 4.65 23.4 330 200 340 355 340 Emperor 20.00 5.88 11.6 512 219 5 15 — FPhoenix — — — 25 5 — 115 119 Forsayth 9.00 7.83 5.8 220 119 90 92 90 GMKalg — — 17.6 120 61 17 19 17 GtFngall — — — 33 8 11 12 11 JasonMin — — — 38 9 289 290 289 Kidston 24.00 8.30 6.9 305 205 — 37 — Kitc’ner — — — 45 30 4 41/2 — KiwiGold — — — 9 3 225 227 225 MIM 10.00 4.44 11.5 280 159 204 — MetalsEx — — 14.4 245 110 223 223 Metana — — 504 223 42 45 —. Moruya — — — 55 30 335 340 340 Niugini — — 77.8 445 260 274 276 276 NorthBH 11.00 3.99 16.7 341 218 252 250 NthFindr 18.75 7.50 6.8 480 175 18 19 — Otter — — —- 32 16 202 204 202 PancontM 3.50 1.73 13.3 225 150 16 18 16 Paragon — — — 30 10 >/ 2 — opt89 — — — 16 — 80 Paringa — — 80.0 98 52 218 220 218 Pasminco 13.50 6.19 8.4 294 160 68 70 68 Pion.Min 1— — — 108 35 320 324 324 PlacrPac — — 69.2 351 210 252 255 252 Poseidon 10.00 3.97 12.6 320 195 138 140 139 QCTRes 6.50 4.68 12.1 156 102 880 880 RGC 30.00 3.41 13.0 916 630 600 — SnsGwiia 50.00 8.33 6.7 620 460 31 36 SthnPac — — —- 57 25 31/2 4 — Technomin — — — 8 4 4>/ 2 5 4>/ 2 Tectonic — — — 25 4 636 638 636 WMC 30.00 4.72 16.4 682 470 175 WalMin — — —- 190 100 360 370 360 WestSand 14.00 3.89 26.1 380 250 81 82 82 AOG — — 45.1 85 53 183 185 185 AmpolExp — — — 250 145 86 87 86 Bridge — —■ 5.4 117 65 93 95 — Crusader 2.50 2.63 13.2 130 92 18 20 — CultusPet — — — 53 18 3 4 — Longreach — — — 5 2 195 200 200 Magellan — — —— 255 158 4 4>/ 2 — Magnet — — — 5 3 57 60 57 NZOilGas — — 14.8 72 53 66 67 66 OilSch — — — 98 55 29 30 29 Petroz — — 1.1 50 25 372 373 372 Santos 19.00 5.11 12.0 435 326 250 300 — Vamgas 8.00 3.08 11.4 300 220 287 290 287 Woodside — — 11.4 310 184