AUSTRALIA Most stocks move down

Press, 24 January 1986, Page 12

AUSTRALIA Most stocks move down

m ayuney Australian sharemarkets closed easier, with negative news from overseas combined with profit-taking in leading stocks, pushing the market down, brokers said. At the close of trading the all ordinaries index had fallen 9.3 points to 1059.8, the all industrials index 5.2 points to 1565.1 and the all resources index 12.0 points to 669.7. The gold index dropped 14.1 points to 973.5. Turnover was 52.8 M shares worth 582.2 M, with falls outnumbering rises, by 273 to 183.

Brokers said the market had held up remarkably well recently in the face of negative overseas news and was overdue for a sizeable fall as profit-takers moved in. BHP led the market down, falling 18c to close at 892 after reaching a low of 884. Among other market leaders, CSR dropped 10c to 365, Bell Resources shed 26c to 620 while its parent company, Bell Group, lost 24c to 730.

The mining sector was hardest, with CRA losing 10c to 580, MIM 7c to 305, Western Mining the same to 365 and Peko Wallsend 6c to 564. North Broken Hill continued to be keenly sought and dropped 6c to 275 on a turnover of 1.6 M.

A gold-miner, GMK, shed 50c to 880, while Central Norsemarn fell 30c to 720. The oil and gas sector continued to make only slight losses despite the dramatic falls in world crude prices. Santos lost 2c to 530, Magellan 2c to 218 and Peko Oil 1c to 75. A . -

On the industrial board lEL lost 4c to 734 while Brierley Investments put on 10c to 530- , Closing

quotes Last Industrial Buy Sell sale ACI 304 305 304 AGC 245 250 245 AMI Toyota 180 200 — ANI 300 305 305 ANZ 458 460 460 APM 325 326 325 AWA .558 566 560 Adel Stm 1100 1110 1110 Ad’tlser 225 — — Allied Ml 328 — 325 Alpha 40 42 Amatii 612 — 616 Ampol 240 242 240 Ariadne 200 203 203 Ariadne dd — 205 — Arnotts 345 346 345 A Found 210 220 212 BHP 890 892 892 Bell G 726 730 730 Bond Corp 218 220 220 Boral 328 331 330 Borg-W 220 230 225 Brambles 460 465 460 Brierley — 534 530 Bundaberg 245 250 245 Burns P 526 — 526 CIG 305 310 308 CSR 365 368 365 Chase Crp 410 430 — Coal All — 510 510 Coles 446 —— 446 Comalco 205 207 205 Costain 215 220 220 Elders 314 315 315 Elders opt 148 —— Email 179 181 180 Equitcorp 180 182 180 FAI dd 626 630 626 Fairfax J 710 — 712 Feltex NZ — 225 — Fielder —— 250 — Fletcher —— 240 — Fortuna 80 84 — GPT 220 222 222 GPT nts 216 220 GUD 230 245 — G Gotch 300 —- 300 Hanlmex 87 88 87 Hardie J 343 348 345 Herald ? 520 — 520 • V. ..

Hooker 185 186 185 Humes 186 188 187 ICI 230 — 230 IEL Growth —i 89 95 IEL Income 80 85 80 Imagin T 46 50 46 Impala 105 110 110 Ind Equit 734 736 734 Intr Tech 28 29 28 Jennings 206 208 206 Johns Pry 540 544 540 Jones Dav 1150 — 1160 Jonray 800 820 820 Kern 215 218 215 Kern pref —— 210 — Leighton 86 87 87 L Lease 656 660 660 MLC 2700 — — Mayne Nic 335 335 McPherson 230 235 230 Monier 205 210 205 Morris P 1100 ’ —— — NZ For — 160 165 NZI Corp 125 140 125 NZI Corp opt — 100 — Nat Aust 462 465 465 Nat Cons 270 —. 270 News Corp 922 924 922 Nicholas 275 280 —— OPSM 305 310 310 Oakbridge 120 123 122 Olims 75 80 —— Pac Dunlp 250 252 250 Peters SI 200 202 200 Pioneer C 270 271 270 Pioneer S 158 162 160 QBE 700 — —- Reckitt 380 380 Repco 151 154 151 Rob Jones 185 195 195 Rothmans 620 —— — Smith Hwd 485 495 485 Stockland 162 165 165 Sunshine 222 225 222 TNT 279 280 280 Taubmans 200 210 —— Tooth 530 550 530 Union C 380 400 400 Vapocure 255 265 — Vestcorp 90 100 96 Walton 36 37 36 Wattle 240 245 — Waugh Jos — 141 —— Wfield Hl 1350 1380 1360 Westpac 454 455 455 White Ind 560 576 576 Woolworth 345 346 z345 „ _ ..

Wormaid MU' 360 (ING 370 355 Aberfoyle 830 900 — Allstate — 25 —■ Ashton 129 130 130 Aust Devi — 15 — Bell Res dd 616 624 620 Bouganvle 220 222 220 CN Gold 700 720 720 CRA 580 582 580 Carr Boyd 160 165 160 CMI 330 — — Cons Res 6 7 7 •Cons Rtle — 860 — Cudgen ■ III 370 —— ERA 182 184 182 Emperor 370 375 375 GM Kalg 860 900 880 Hill 50 — 30 30 Kidston 626 640 626 MIM 300 305 305 Metals Ex 38 40 38 Mid E Min 22 — —i Niugini 200 —— 195 North BH 275 278 275 Nth Flndr 320 330 330 Pancont M 188 190 188 Paringa — 108 — Paringa opt86 —— 16 — Peko 560 566 564 Placer 2400 — — Poseidon 295 300 295 Qld Coal 149 150 149 RGC 540 550 550 Southland 260 — 260 Sthn Pac 18 19 18 WMC 364 365 365 West Sand 152 155 152 Whim Crk — 255 250 OILS AOG 155 157 155 Ampol Exp 233 235 235 Beach 75 76 75 Bridge 215 220 215 Claremont 116 117 116 Crusader — 182 180 Hartogen 180 185 180 Magellan 218 220 218 Magnet — 10 10 Offshore 10 11 11 Oil Search 38 40 38 Pancont P — ' 20 20 Peko Oil 75 76 75 Santos 526 530’ 530 Vamgas 266 270 270 Weeks Pet —— 900 Woodside 117 119 117