AUSTRALIA Market loses sting

Press, 12 February 1986, Page 41

AUSTRALIA Market loses sting

NZPA Sydney Australian sharemarkets closed easier, with little selling pressure and overseas interest. Resources and gold stocks led the market down, brokers said. At the close of trading the all ordinaries index had fallen 4.4 points to 1064.6, the all industrials index had lost 0.4 points to 1621.8 and the all resources index had shed 7.2 points to 637.5. The gold index dropped 16.2 points to 922.8.

Turnover was 47.7 M shares worth 568.3 M, with falls outnumbering rises by 254 to 195.

Brokers said profit-taking in industrial stocks in afternoon trading had also pushed the market down.

Interest in BHP was moderate. About 700,000 shares traded and the stock closed 4c down at 714, with investors waiting for new developments in Bell Resources’ partial bid for the company. Bell Resources fell 20c to 500 and CSR lost 11c to 337.

Mining stocks closed easier, with CRA falling 6c to 560, MIM 9c to 283, Elders 4c to 113, Western Mining 3c to 337 and Peko Wallsend 2c to 520.

Gold-related stocks also eased. GMK fell 30c to 840, Kidston 12c to 574, Renison 10c to 520 and Poseidon and Sons of Gwalia both shed 5c to 205 and 350 respectively. In the oil and gas sector Santos lost 8c to 480, Bridge Oil 5c to 195 and Woodside Petroleum added 1c to 116.

On the industrial board News Corporation continued its strong run after Monday’s fall of 30c, gaining 30c to 1250, while ACI added 6c to .326 on rumours of an impending take-over bid from across the Tasman.

Elsewhere, Cereus gained 75c to 1145, Rothmans 40c to 750, Brierley Investments 16c to 576, Fairfax 10c to 770 and Bond Corporation 4c to 240. However, FAI lost 10c to 650, ANI 6c to 315 and TNT 4c to 288. Major banking stocks traded easier, with the National Australia Bank losing 8c to 470, ANZ 5c to 470 and Westpac remaining steady on 450. In share price index futures, active March opened 2.5 points easier at 1077.0 and traded down to close at 1071.0.

Closing quotes Last Industrial Buy Sell sale ACI 326 — 326 AGC 255 260 258 ANI 315 320 315 ANZ 468 470 470 APM 325 327 325 AWA 550 570 570 AdelStm 1205 1210 1210 Ad’tiser 232 — — AlliedMl 330 335 330 Alpha 46 — 48 Alpha opt 31 33 30 Amatil 644 646 644 Ampol 250 253 253 Ariadne 215 217 215 Arnotts 340 — 340 BHP 712 714 714 BellG — 690 690 BellG ctg 1600 1630 1600 BondCorp 238 240 240 Boral 345 346 346 Brambles 490 493 490 Brierley 574 576 576 Broadland 260 270 — Bundaberg 240 244 240 BurnsP 540 544 540 CIG 300 305 300 CSR 335 338 337 Cadbury 365 370 365 ChaseCrp 470 — 480 Claradeen 130 135 130 Clyde 192 — 192 Clyde-Wd 290 295 295 Cyde-Wd opt 196 200 200 CoalAll 460 — 463 Coles 450 452 452 Comalco 189 194 192 Eastcourt 72 78 70 Elders 338 342 340 Elders opt 190 —— 190 Email 186 190 186 Equiticorp 177 182 180 FAI 650 652 650 FairfaxJ 770 800 770 FeltexNZ 220 — — Fielder 265 — 267 Fletcher 275 278 275 Fortuna 87 90 88 G’PT 220 224 222 GGotch 320 324 320 Hanimex 90 92 90 Hardie J 345 353 350 Herald 564 570 564 Hooker 179 180 180 Humes 187 188 187 ICI 215 220 220 lELGrwth 88 — — lELIncme 85 95 — Impala 106 108 108 IndEquit 748 750 750

IntrTech 31 35 31 Jennings 230 235 230 JohnsPry 560 570 570 JonesDav 1250 1260 1250 Jonray 880 950 880 Kern 216 218 216 Keywest 195 200 200 Leighton 80 85 80 LLease 660 680 664 Linter 380 — 385 MartinPr 112 115 112 MartinPr dd 115 — — MayneNic 372 — 372 McPherson 228 230 228 Monier 213 215 215 MorrisP 1100 1160 — NZFor 175 180 175 NZICorp 126 130 128 NZICorp opt — 100 — NatAust 468 470 470 NatCons 270 272 270 NewsCorp 1245 1250 1250 OPSM 310 315 315 Oakbridge 116 118 116 PacDunlp 275 278 275 PetersSl 230 235 230 PioneerC 270 271 270 Pioneers 168 172 170 QBE 730 750 — Reckitt 390 — —— Repco 156 157 156 Rheem 305 310 307 RobJones 205 215 210 Rothmans 730 750 750 SmithHwd 495 510 500 Sunshine 225 235 235 TNT 287 288 288 UnionC 400 — 400 UnityCrp 550 — 550 Vapocure 210 215 210 Vestcorp 105 108 108 Viking 78 80 80 Walton 36 — 36 Wattie 235 — — WfieldHl 1440 — 1440 Westpac 450 451 450 Woolworth 360 362 360 Wormaid 340 MINING 348 340 Aberfoyle 850 870 860 Ashton 131 132 132 AustDevl —- 17 —- BellRes 498 506 500 Bouganvle 218 219 218 CRA 558 560 560 CarrBoyd 150 155 155 ConsRes 6 7 7 ERA 180 182 180 Emperor 320 330 330 GMKalg 830 850 840 Hill 50 27 28 27 Kidston 570 574 574 MIM 283 285 283 MetalsEx 37 —— —- NorthBH 262 265 265 PancontM 188 191 191 Paringa 100 105 — Peko —» 516 520 Poseidon 260 270 265 QldCoal 138 139 139 RGC 500 520 520 Southland 250 260 250 Technomin 33 35 35 WMC 337 338 337 WestSand 165 169 165 WhimCrk 225 OILS 230 225 AOG 160 165 160 AmpolExp 190 195 195 Beach 67 70 67 Bridge 190 195 195 Claremont 98 100 100 Crusader 160 165 160 Hartogen 183 185 183 Magellan — 190 190 Offshore 10 11 11 OilSerch 32 33 32 PancontP 20 21 20 PekoOil 64 65 64 Santos 478 480 480 Vamgas 250 255 250 WeeksPet 840 900 —- Woodside 116 118 116