Australia Market subsides

Press, 6 February 1986, Page 10

Australia Market subsides

NZPA Sydney Australian sharemarkets closed easier, with falls across the board as profittaking in industrial stocks, a fall in BHP and a continued weak resources sector pushed the market down, brokers said. At the close of trading the all ordinaries index had fallen 14.8 points to 1060.7, the all industrials index shed 10.1 points to 1609.2 and the all resources index lost 17.6 points to 640.0. The gold index fell 37.1 to 924.1. Turnover was 88.7 M shares worth $154.2M, with falls outnumbering rises by 332 to 165. BHP closed 22c down at 718 after reaching a low of 712, with brokers saying enthusiasm for Robert Holmes a Court’s partial take-over bid for BHP had waned and was regarded as being unrealistic. About 2.9 M BHP shares were traded. Bell Resources fell 20c to 490, while its parent company, Bell Group, dropped 24c to 696, and CSR fell 15c to 343. Further falls in world oil and gold prices overnight took their toll on the mining sector, with declines leading advances by 125 to 26. CRA lost 8c to 550, MIM the same to 280, Western Mining 12c to 338, and Peko Wallsend 16c to 520.

Gold stocks fell across the board. GMK fell 50c to 880, Central Norseman 40c to 680, Kidston 32c to 598 and Poseidon 15c to 275. Oil and gas stocks also traded easier, with Santos dropping 16c to 498,

Closing quotes Last Industrial Buy Sell sale ACI 310 315 312 AGC 255 260 260 AMI Tyota 180 190 190 ANI 315 — 1 320 ANZ 455 458 455 APM 324 326 326 AWA 580 586 580 AdelStm 1180 1190 1190 Ad’tiser 230 — 232 AlliedMl 330 335 330 Alpha 40 45 42 Amatil 646 654 650 Ampol 245 250 245 Ariadne 210 — 210 Ariadne dd 208 —— 208 Arnotts 330 345 340 AFound 215 220 —— BHP 718 720 718 BellG 694 700 694 BondCorp 220 222 222 Boral 357 358 357 BorgW 225 — — Brambles 485 495 490 Brierley 540 550 550 Bundaberg 240 244 240 BumsP 550 560 546 CIG 295 300 / 295 CSR 340 343 343 ChaseCrp 420 440 420 CoalAll 450 470 — Coles 462 464 462. Comalco 180 183 182 Costain 215 220 — Elders 345 348 345 Elders opt 170 175 175

Email 185 - 185 Equitcorp 180 185 185 FAI dd 694 696 696 Fairfax! 730 734 —• FeltexNZ — 220 —— Fielder — 262 260 Fletcher 245 255 — Fortuna 83 85 — GPT 224 225 225 GPT nts 218 220 220 GUD 240 — GGotch 315 — 320 Hanimex 88 90 90 HardieJ 355 J60 358 Herald • 550 570 560 Hooker 179 180 180 Humes 188 190 188 ICI 232 235 232 lELGrwth 85 90 85 lELIncme 80 —- — ImaginT 54 55 54 Impala .106 108 108 IndEquit 740 746 740 IntrTech 30 33 — Jennings 223 225 222 JohnsPry 570 — 570 JonesDav 1200 1220 1200 Jonray 810 — 800 Kern 210 215 218 Kern pref «— 210 — Leighton 75 80 80 LLease 678 684 680 MLC 2850 — — MartinPr — 120 120 MayneNic 365 372 370 McPherson 230 —— 230 Monier 208 214 210 MorrisP — 1160 1140 NZFor 170 175 170 NZICorp 120 125 — NZICorp opt — 100 —- NatAust 472 475 475 NatCons 265 270 268 NewsCorp 1170 1175 1175 Nicholas 285 290 290 OPSM 308 315 315 Oakbridge 114 117 115 Olims 75 80 — PacDunlp 268 — 270 PetersSl 215 216 215 PioneerC 270 271 270 Pioneers 168 175 170 QBE 720 740 720 Reckitt 390 —— 390 Repco 156 160 156 RobJones 200 205 205 Rothmans 650 — — SmithHwd 496 508 500 Stockland 167 168 167 Sunshine 225 235 233 TNT 288 290 290 Taubmans 205 210 — Tooth 580 600 580 UnionC 380 —— 390 Vapocure 210 240 230 Vestcorp 97 102 98 Walton 35 36 36 Wattie 235 240 — WaughJos ' 125 • — 130 WfieldHl 1400 1430 1430 Westpac 450 452 450 Whitelnd 570 580 580 Woolworth 355 — 356 Wormaid — 355 — MINING Aberfoyle 840 860 860 Allstate 18 19 —— Ashton 129 130 129 AustDevl 16 17 —• BellResdd 480 490 490 Bouganvle 215 216 215 CNGold 680 690 680

CRA 550 — 550 CarrBoyd 165 172 172 CMI — 330 320 ConsRes 6 7 7 ConsRtle 800 850 —- Cudgen 350 370 350 ERA 180 182 180 Emperor —— 345 —- GMKalg 850 870 880 Hill 50 27 28 27 Kidston 590 — 598 MIM 280 282 280 MetalsEx — 40 37 MidEMin 22 26 — Niugini 190 198 190 NorthBH 265 268 268 NthFlndr 310 340 — PancontM 178 180 180 Paringa 102 110 — Paringa opt — 4 — Peko 516 520 520 Placer 2230 2600 —- Poseidon 275 280 275 QldCoal . 155 157 155 RGC 520 530 524 Southland 255 — 255 SthnPac 18 19 18 WMC 338 340 338 WestSand 165 169 165 WhimCrk 230 OILS 240 230 AOG 155 160 155 AmpolExp 195 — 195 Beach 67 70 68 Bridge 203 210 203 Claremont 110 114 115 Crusader — 168 165 Hartogen 178 180 180 Magellan 195 205 200 Magnet 7 9 — Offshore 10 11 10 OilSearch 36 38 36 PancontP 18 19 19 PekoOil 64 65 65 Santos 498 500 498 Vamgas 250 260 250 WeeksPet 850 —- 850 Woodside 112 — 112