AUSTRALIA Offshore buying firms market

Press, 28 December 1989, Page 19

AUSTRALIA Offshore buying firms market

NZPA-AAP Sydney Offshore buying helped boost Australia’s sharemarket to a firmer close yesterday in quiet trading after the Christmas holiday break. The all-ordinaries index closed up at 1651.4. “The index is continuing to improve as it did prior to Christmas,” a broker said. “There is enough buying around to force people to pay up a bit to get themselves set.” Another dealer said a lack of selling by local institutions had also helped lift the market. Most of the buying was concentrated in the industrials sector where quality stocks were in demand, dealers said. The all-industrials index rose to 2584 and the allresources to 940.5, while the gold marker fell to 1760.5 after gold bullion lost over SUS 6 an ounce in overseas trading during the Christmas long week-end. Gold was trading at 5U5408.20/70 an ounce in Sydney late on Wednesday afternoon, down sharply from Friday’s close at 5U5412.50/ 413.00. National turnover was a meagre 41.40 million shares worth sAustB2.93M, with rises exceeding falls by 126 to 110. Brokers said today’s turnover would be boosted by the

expiry of options in several major stocks including CRA, CSR, Westpac and Western Minins.

Closing quotes Last Industrial Buy Sell sale AFPGrp 177 178 178 ANI 167 170 170 91nts 440 —- — 96nts 310 315 — ANZ 604 — 606 AWA 105 110 105 Acmex 197 — — AdelCem 220 222 220 AdelStm — 610 610 Alcan 210 215 215 Alpha 21 23 — Amcor 428 429 428 ApexPac 40 60 — Argo 247 249 247 Ariadne 16 17 16 Arnotts 540 560 550 Arrowfeld 225 230 — AFound 162 — — AustOvrs 43 — — BHP 938 942 940 BTAustE 49 50 49 BTGlobal 68 75 — BTRNylex 582 584 584 BankQld 335 345 — BellG —- 36 36 BellRes 32 33 32 BondCorp 14 15 15 BondMed 11 12 12 Boral 378380 378 Brambles 1355 1365 1355 90nts 170 1300 — Brierley 148 150 150 Bundaberg 375 380 380 BurnsP 350 355 350 CCAmatl 1235 1250 1250 CIG — 500 — CSR 532 534 532 Cascade 82 84 82 ClayRPT 30 31 31 Clyde 165 170 —

CoalAll 900 1000 — ColesMyer 820 — 826 Comalco 396 397 396 CorpEqit 100 115 — Eastcourt 7 8 — Elders 216 217 217 EldersRs 168 180 170 Email 375 377 375 FAI 281 284 281 FineMet 18 20 — Fletcher 318 323 320 GPT 240 246 244 Girvan 9 10 — Goodman 179 180 179 HDFI 3 4 — HardieJ 266 267 266 HelmCorp 90 92 — Hitek 20 35 — UProp 1720 1760 1750 1C1 592 596 596 lELGrwth — 105 — lELIncme 75 85 — ImaginT 46 48 47 IndEquit 217 219 217 Intrchase 40 56 — Jennings 195 200 — ' JonesDav 1230 1240 1225 1 Kerri 85 95 — Kimberley 28 57 —- 1 Leda 41 49 — Leighton 80 85 — ' LLease 1280 1300 — ! MayneN 642 646 646 > McCDowell 11 15 — ! McPherson 101 103 101 > Memtec 350 355 350 > MetalMan 275 280 — NatAust 662 664 662 > NatCons 345 348 345 ) NewsCorp 1370 1380 1380 ) OPSM 205 207 206 > Oakbridge 67 70 — PacDunlp 510 512 510 ! Parbury 65 88 — 1 PayceCon 50 53 — 1 nts 65 80 — PetersSl 345 350 345

Pion.Int 238 240 240 QBE 600 636 600 Rothmans 1070 — 1060 SchroPF 287 — — SmithHwd 596 598 598 Stockbge 19 20 — TAGPac 13 14 — TNT 280 285 282 Taylor — 225 — Trikon 36 48 —- Tynd.Aust 28 32 30 USMaster 76 — — Vapocure 1 2 2 Viking 28 30 — Wattyl 432 436 432 WestCptl 180 — 180 WfieldHl 235 240 —— WfieldTr 160 162 162 Westmex 41 44 41 Westpac 570 572 572 Wormaid 225 230 230 AUR 18 19 — ACMins 215 220 215 Aberfoyle 490 500 — Ashton 141 142 141 AustDevl 200 210 — BHPGold 52 54 52 Bendigo 15 16 — ctg 3 — — Bougainvl — 161 161 CNGold 63 66 — CRA 1185 — 1185 CarrBoyd — 70 — CityRes 4 5 4 ConsRes 10 13 — ConsRtledd 570 580 580 DeltaG 58 59 59 Dominion 200 205 203 ERA 220 225 220 Emperor — 345 — FPhoenix 5 15 — Forsayth 95 98 100 GMKalg 96 97 97 GtFngali 18 19 17 JasonMin 9 10 10 Kidston 310 315 315 Kitchener 28 30 —

KiwiGold 4 4 - MIM 228 230 230 MetalsEx — 200 — Metana 185 190 195 Niugini 340 350 350 NorthBH 272 273 272 NthFlndr — 255 255 Otter 17 19 — PancontM 200 205 200 Paragon 15 17 16 opt89 — 1 — Paringa 82 85 — Pasminco 230 234 230 Pion.Min 75 76 76 PlacrPac 30 332 330 Poseidon 285 285 QCTRes 143 148 145 RGC 870 — 868 SnsGwlia — 600 600 SthnPac 35 39 35 Technomin 2 3 —- Tectonic 5 5 5 WMC 682 684 682 WalMin — 130 — WestSand 335 — 335 AOG — 85 — AmpolExp 213 215 215 Bridge 88 89 90 Crusader 100 110 105 CultusPet 26 27 — Longreach 1 2 — Magellan 172 176 172 Magnet 3 5 4 NZOilGas 57 61 61 OilSch 72 73 73 Petroz 25 28 — Santos 402 405 404 Vamgas 250 270 — WeeksPet 110 150 — Woodside 305 308 305