AUSTRALIA Investors take profits

Press, 25 January 1986, Page 24

AUSTRALIA Investors take profits

PA Sydney Australian sharemarkets closed easier, with profit-tak-ing in leading stocks and bearish sentiment pushing the market down, brokers said. At the close of trading the all ordinaries index had fallen 7.0 points to 1052.9, the all industrials index 4.3 points to 1561.0 and the .all resources index 8.7 points to 661.0. The gold index dropped 15.0 points to 958.6. Turnover was 45.4 M shares worth $80.6M, with falls outnumbering rises by 251 to 189. BHP reflected market sentiment, closing 18c down at 874 after reaching a low of 870 in strong turnover. Among other market leaders, CSR remained steady on 365 and Bell Resources lost 4c to 616. The mining sector continued to trade easier, with declines leading advances by 91 to 47. CRA shed 6c to 574, MIM 7c to 298, Peko Wailsend 10c to 554 and Western Mining 5c to '360.

North Broken Hill, under a partial take-over bid by lEL, was keenly sought and about 2M shares were exchanged before closing 3c down at 272. Gold stocks also traded easier with whim creek dropping 15c to 235, Emperor 15c to 360 and Central Norseman 10c to 710. In the oil and gas sector Santos traded heavily and closed 6c up at 530 while Magellan shed 3c to 215 and Ampol Exploration 5c to 230. On the Industrial board lEL lost 16c to 718, while Brierley Investments dropped 4c to 516. About 830,000 Pioneer Concrete shares were crossed and the share price remained steady on 270. Elsewhere, FAI fell 26c to 600, the Bell Group 10c to 720, Bond Corp 7c to 213 and ANI 3c to 302. On the plus side, TNT improved 3c to 283, Boral 2c to 332 and Cereus 20c to 1000. Major banking stocks traded easier, with the ANZ off 5c to 455, Westpac 4c to 451 and the National Australia bank 3c to 462.

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents Yld% ratio high low 302 305 302 ACI 17.00 5.63 13.5 305 28( 245 250 245 AGC 11.00 4.49 7.7 255 24! 180 200 AMI Tyota 7.00 3.50 3.4 200 20( 300 302 ANI 19.20 6.36 9.7 310 28! 450 453 455 ANZ 31.00 6.84 4.7 472 44: 325 328 327 APM 19.00 5.81 10.3 330 28£ 556 566 560 AWA 20.00 3.57 19.3 580 556 1105 1110 1110 Adel Stm 30.00 2.70 13.1 1110 986 230 Ad’tiser 11.00 4.78 11.0 230 20C 328 332 Allied Ml 12.50 3.77 19.2 332 31C 040 042 040 Alpha 047 032 616 616 Amatil’ 25.00 4.06 9.1 616 • 586 240 240 Ampol 7.50 3.13 9.2 245 235 200 202 200 Ariadne 5.50 2.75 22.5 220 200 200 200 Ariadne d 215 200 345 346 345 Arnotts 14.50 4.20 13.8 350 305 212 220 A Found 9.75 4.60 20.4 220 210 872 874 874 BHP 35.00 4.00 12.0 922 870 720 726 720 Bell G 10.00 1.39 17.4 760 680 212 ■215 213 Bond Corp 10.00 4.69 12.6 222 178 332 333 332 Boral 15.00 4.52 9.7 340 322 225 230 225 Borg-W 16.00 7.11 5.9 225 215 455 465 460 Brambles 18.00 3.91 11.5 465 435 516 516 Brierley 8.80 1.71 17.8 680 510 245 248 245 Bundaberg 2.50 1.02 41.7 275 210 530 536 530 Burns P 19.00 3.58 10.0 530 510 305 310 305 CIG 14.50 4.75 11.5 310 275 364 365 365 CSR 18.00 4.93 14.2 380 358 400 410 410 Chase Crp 445 400 510 Coal All 7.00 1.37 28.3 522 500 445 455 447 Coles 21.00 4.70 9.8 462 425 198 200 200 Comalco 48.8 210 182 220 215 Costain, 10.00 4.65 11.4 229 200 313 314 314 Elders 20.00 6.37 9.3 318 300 150 148 opt 150 130 179 180 180 Email 11.50 6.39 8.9 180 170 172 176 175 Equltcorp 195 170 600 606 600 FAI dd 4.20 .70 20.4 626 470 716 720 Fairfax J 13.50 1.88 15.1 720 670 225 Feltex NZ 8.75 3.89 8.6 225 225 245 255 250 Fielder 9.00 3.60 15.9 265 230 220 230 Fletcher 16.10 7.00 5.6 260 240 080 084 Fortuna 7.56 9.00 4.7 090 085 215 220 216 GPT 21.20 9.81 10.2 232 216 216 217 216 nts 19.36 8.96 220 210 230 240 GUD 10.00 4.26 11.2 310 350 312 G Gotch 15.00 4.81 11.6 312 300 088 090 088 Hanimex 10.4 090 085 345 350 345 Hardie J 22.00 6.38 10.9 348 315 522 524 Herald 18.75 3.58 16.9 524 500 184 185 185 Hooker 11.00 5.95 8.6 190 181 186 188 186 Humes 12.50 6.72 9.0 195 172 230 230 ICI 16.00 6.96 9.7 240 225 085 089 085 IEL Grwth 5.27 6.20 16.1 100 085 080 083 IEL Incme 10.54 2.70 7.9 085 080 045 046 045 Imagln T 050 043 105 110 108 Impala 120 105 714 720 718 Ind Equit 10.00 1.39 27.0 750 620 028 029 029 IntrTech 2.75 9.48 10.0 030 027 206 208 206 Jennings 10.00 4.85 10.0 206 200 542 550 540 JohnsPry 24.00 4.43 10.0 540 526 1170 1200 1170 JonesDav 30.00 2.56 12.1 1170 1040 780 820 — Jonray -— — — 860 780

Closing quotes Dividends P/E Year’s Buy Sell Sale Cents Yld% ratio high low 210 215 215 Kern 5.00 2.33 21.5 225 205 — 210 — pref 1.07 .51 — —— 086 087 086 Leighton 12.00 3.95 6.3 090 085 650 660 658 LLease 30.00 4.56 11.5 662 578 2700 — MLC 75.00 2.78 25.3 2700 2700 335 — 340 MayneNic 15.50 4.56 10.3 340 330 230 235 230 McPherson 11.50 5.00 10.8 238 198 205 205 Monler 11.00 5.37 8.8 215 198 1100 —— — MorrisP 37.50 3.39 9.5 1120 1100 155 160 155 NZFor 10.15 6.55 7.0 185 155 123 125 125 NZICorp 5.95 4.76 9.7 142 122 100 — 100 opt — — — 100 100 462 463 462 NatAust 27.50 5.95 5.3 480 442 265 270 270 NatCons 13.00 4.81 9.4 275 218 922 924 922 NewsCorp 9.00 .98 12.3 956 900 275 280 — Nicholas 10.00 3.57 13.4 290 240 300 305 305 OPSM 12.00 3.93 16.1 330 295 122 123 120 Oakbridge — — 130 115 075 080 — Olims 5.00 6.67 8.3 075 075 250 252 250 PacDunlp 11.50 4.60 9.3 270 250 200 — 200 PetersSl 13.00 6.50 7.9 210 175 270 271 270 PloneerC 12.50 4.63 10.2 278 260 160 162 160 PioneerS 6.00 3.75 21.9 160 145 700 —-- — QBE 20.00 2.86 10.8 700 610 385 —— 385 Reckitt 19.00 9.94 •9.9 385 350 151 152 — Repco 10.00 6.62 15.9 156 150 170 190 185 RobJones 4.30 2.32 13.1 220 185 624 — — Rothmans 23.50 3.77 7.1 630 610 485 490 485 SmithHwd 22.50 4.64 19.3 490 450 160 165 165 Stockland 14.80 8.97 11.1 170 162 220 225 222 Sunshine 5.00 2.25 24.9 225 212 285 290 283 TNT 12.00 4.21 10.9 283 248 200 210 — Taubmans 11.00 5.50 7.7 210 190 530 540 — Tooth 35.00 6.60 11.4 550 530 380 400 400 UnionC 18.00 4.50 13.5 400 340 258 260 258 Vapocure 1.87 .72 40.6 270 230 — ' 096 095 Vestcorp 2.50 2.63 12.5 100 092 036 040 037 Walton — — — 042 035 240 ——. 240 Wattle 12.60 5.25 8.7 260 240 — 141 — WaughJos 8.00 5.71 9.3 143 140 1370 1400 1370 WfieldHl 15.00 1.09 34.7 1370 1320 451 453 451 Westpac 27.00 5.99 6.2 468 450 560 580 576 Whiteind 10.00 1.74 30.9 576 495 345 346 345 Woolworth 16.00 4.64 11.1 346 340 360 388 365 Wormaid 20.00 5.48 10.3 370 345 830 850 830 Aberfoyle — 15.0 950 830 — 025 — Alllstate — — 020 020 127 128 127 Ashton — — 25.9 130 114 010 015 — Aust Devi — — — 016 014 612 620 616 Bell Res d 30.00 4.87 8.8 660 510 215 216 215 Bouganvle 5.00 2.33 57.3 235 190 710 730 710 CN Gold 35.00 4.93 14.6 790 620 570 574 574 CRA 10.00 1.74 95.7 598 550 158 155 Carr Boyd — — —— 178 150 330 — — CMI 18.00 5.45 7.1 300 300 006 007 007 Cons Res — — 007 005 860 — Cons Rtle 34.00 4.00 15.5 860 850 320 350 — Cudgen 12.00 3.43 14.6 370 265 180 185 182 ERA 10.00 5.49 13.2 183 161 365 368 365 Emperor 4.00 1.10 — 395 310 880 — 880 GM Kalg 50.00 5.68 16.3 970 800 028 029 029 Hill 50 — — 034 026 630 640 626 Kidston — —— 650 490 298 300 298 MIM 3.00 1.01 82.8 316 268 038 —— — Metals Ex —— 76.0 045 036 022 028 — Mid E Mln 028 024 195 205 200 Niugini — — 56.4 232 195 272 274 272 NorthBH 6.00 2.21 39.4 285 230 320 330 330 NthFlndr —— — — 350 290 175 180 180 PancontM — — 41.0 205 170 105 108 108 Paringa — — 67.5 110 100 —— 010 — opt —— —- — —-- —— 554 556 554 Peko 10.00 1.81 15.6 570 490 2400 — — Placer — — — 2600 2480 295 300 295 Poseidon 10.00 3.39 14.8 320 260 145 147 145 Qld Coal 20.60 4.21 7.0 152 144 530 550 — RGC 10.00 1.82 35.5 580 495 255 260 260 Southland — — 265 240 — 019 018 StbnPac —. — — 019 017 358 361 360 WMC 6.00 1.67 32.4 385 318 152 155 152 West Sand 8.00 5.26 15.2 155 148 235 240 235 Whim Crk 10.00 4.26 — 280 230 160 162 160 AOG — —— 175 145 215 230 230 Ampol Exp — 8.5 265 230 075 077 076 Beach — — — 080 065 210 215 215 Bridge 3.00 1.40 18.2 222 205 116 118 118 Claremont 5.00 4.24 5.4 125 115 170 175 175 Crusader 2.50 1.43 10.3 195 175 180 185 180 Hartogen 7.00 3.89 9.0 210 175 212 215 215 Magellan — —— — 250 215 — 010 -r Magnet —— — — on 010 on 012 Oil Offshore —* —— — 014 011 038 039 038 Oil Search — — — 040 036 019 020 019 PancontP — —— 024 019 072 074 074 Peko Oil — — —- 080 074 526 532 530 Santos 18.00 3.40 12.1 556 520 265 270 265 Vamgas 8.00 3.02 12.6 320 265 850 900 850 Weeks Pet •— 14.5 850 670 116 117 116 Woodside — — 78.5 120 115