Australia BHP tops record, trading

Press, 31 January 1986, Page 11

Australia BHP tops record, trading

NZPA-AAP Sydney Australian sharemarkets surged to a record close with strong gains by BHP and industrial stocks as well as favourable domestic news pushing the market up, brokers said. At the close of trading the all-ordinaries index had risen 13.7 points to a record of 1074.2, the all-industrials index 16.4 points to a record close of 1592.3 after reaching a high of 1594.0, and the allresources index 11.3 points to 674.7. The gold index jumped 10.2 points to 1001.1. Turnover was 70.3 M shares worth S27OM, with rises outnumbering falls by 270 to 154. Brokers said the release of better-than-expected CPI figures for the December quarter combined with predictions of easing interest rates boosted the industrial index. BHP provided about twothirds of the market’s turnover, with 19M shares traded, nearly IM of them in overseas sales. The stock closed 32c up at 908. Among other market leaders, CSR gained 2c to 366 and Bell Resources remained steady on 640. In a relatively quiet mining sector, CRA closed 2c up at 572, North Broken Hill gained the same to 280, a gold miner, GMK, put on 40c to 960 and Central Norseman improved 20c to 760. Oil and gas stocks traded slightly firmer, with Santos adding 4c to 536 and Bridge Oil 6c to 208. In a strong industrial sector, News Corp led the way, jumping 80c to 1060 after reaching a high of 1110 as the market perceived that Rupert Murdoch was winning his British newspaper battle with printers’ unions. Elsewhere, Howard Smith jumped 30c to 520, the Bell Group 24c to 744, Adsteam 20c to 1190, James Hardie 7c to 355 and TNT 3c to 298. Major banking stocks closed firmer, with the National Australia bank up 7c to 482, Westpac 6c to 352 and the ANZ 3c to 456. In share price index futures, active March opened six points firmer at 1084.0 and traded upwards to close at 1090.0.

Closing quotes Last Industrial Buy Sell sale INDUSTRIAL ACI 312 314 312 AGC 254 255 255 AMITyota 180 200 — ANI 315 322 315 ANZ 455 458 455 APM 332 335 330 AWA 570 580 — AdelStm 1170 1180 1180 Ad’tiser 230 — — AlliedMl 325 330 330 Alpha 36 40 — Amatil 630 634 630 Ampol 250 — 250 Ariadne 205 206 205 Ariadne dd 202 —— 200 Arnotts 355 —. 355 AFound 215 217 217 BHP 908 910 908 BellG 744 748 746 BondCorp 220 222 220 Boral 340 342 340 Borg-W 225 — 225 Brambles 470 475 475 Brierley 510 520 516 Bundaberg 247 248 248 BurnsP 534 —— 540 CIG 305 308 308 CSR 365 366 366 ChaseCrp — 440 440 CoalAU 485 490 490 Coles 460 462 462 Comalco 199 200 200 Costain 210 — — Elders 321 322 322 Elders opt 148 150 148 Email 180 182 180 Equitcorp 155 160 160 FAI dd 676 680 680 Fairfax J 726 — 726 FeltexNZ — 225 —— Fielder 265 — 265 Fletcher 230 — 230 Fortuna 81 86 83

GPT 218 220 220 GPT nts 218 — — GUD 235 245 —— GGotch 310 — 320 Hanimex 95 100 95 HardieJ 355 360 355 Herald 524 — — Hooker 183 185 184 Humes 188 190 188 ICI 212 — 220 lELGrwth 90 92 90 lELIncme 80 85 — ImaginT 50 52 50 Impala 105 108 105 IndEquit 710 720 720 IntrTech 27 30 29 Jennings 210 212 210 JohnsPry 550 556 552 JonesDav 1200 —- 1200 Jonray 820 850 840 Kern 205 210 205 Kern pf — 210 — Leighton 86 87 87 LLease 650 658 656 MLC 2700 — 2700 MayneNic 352 355 355 McPherson 235 — 235 Monier 205 208 205 MorrisP 1120 1180 1140 NZFor 160 168 165 NZICorp 118 — 120 NatAust 480 482 482 NatCons 260 265 257 NewsCorp 1050 1060 1060 Nicholas 285 — 285 OPSM 300 305 305 Oakbridge 123 125 123 Olims 75 80 80 PacDunlp 261 262 262 PetersSl 210 262 210 PioneerC 270 272 270 PioneerS 165 170 168 QBE , 700 — 700 Reckitt 390 — 390 Repco 154 156 156 RobJones 200 225 200 Rothmans 630 636 636 SmithHwd 520 530 520 Stockland 165 168 168 Sunshine 225 230 230 TNT 298 300 298 Taubmans 210 —— 210 Tooth 570 —. 560 UnlonC 380 400 —— Vapocure 245 250 245 Vestcorp 90 95 90 Walton 35 — 35 Wattle — 240 240 WaughJos —- 140 — WfieldHl 1370 1430 1400 Westpac 462 463 463 White Ind 570 580 580 Woolworth 350 — 352 Wormaid 355 360 355 MINING Aberfoyle 850 870 — Allstate 18 20 Ashton 129 130 129 AustDevl 16 18 —— BellRes dd 638 640 640 Bouganvle 223 225 225 CNGold 760 770 760 CRA 572 574 572 CarrBoyd 166 170 165 CMI 300 340 300 ConsRes 6 7 — ConsRtle — 900 — Cudgen 350 370 350 ERA 178 180 178 Emperor 370 — 370 GMKalg 940 960 960 H11150 30 31 31 Kldston 640 650 650 MIM 302 303 302 MetalsEx 39 — — MidEMin 26 28 — Niuglni 200 210 205 NorthBH 280 281 280 NthFlndr — 340 — PancontM 188 190 183 Paringa 102 — —— Paringa opt 86 — 3 Peko 554 556 554 Placer 2400 — — Poseidon 300 303 300 QldCoal 149 151 150 RGC 149 151 150 RGC 540 550 540 Southland 255 260 255 SthnPac — 19 — WMC 366 367 367 WestSand 155 160 155 WhimCrk 240 245 241 AOG 170 175 170 OILS AmpolExp 205 215 210 Beach 73 76 75 Bridge 205 210 208 Claremont 120 125 125 Crusader 170 174 170 Hartogen 190 —— 190 Magellan 210 215 215 Magnet — 10 — Offshore 10 11 10 OilSerch 38 39 38 PancontP 18 19 19 PekoOil 70 — 71 Santos 536 540 536 Vamgas 275 285 — WeeksPet 840 870 —— Woodside 112 113 113