AUSTRALIA Market closes easier

Press, 13 February 1986, Page 26

AUSTRALIA Market closes easier

NZPA Sydney Australian sharemarkets closed easier with negative overseas and local news leading to bearish sentiment in the market, brokers said. At the close of trading the all ordinaries index had fallen 9.5 points to 1055.2, the all industrials index shed 8.4 points to 1613.4 and the all resources index lost 9.9 points to 627.7. The gold index dropped 22.4 points to 900.4.

Turnover was 61.6 M shares worth $77.4M, with falls outnumbering rises by 292 to 183.

Brokers pointed to falls on Wall Street and London markets overnight, an easing of world oil and commodities prices, a weakening local dollar and the expectation of a larger current account deficit for the 1985-86 year as reasons for the market’s fall.

About 750,000 BHP shares were traded and the stock closed 8c down at 706. Bell Resources dropped 10c to 490 and CSR 4c to 333.

Major mining stocks traded easier with CRA losing 4c to 556, MIM 3c to 280, North Broken Hill 7c to 258 and

Peko Wallsend 12c to 504. Gold-related stocks also fell with Kidston losing 24c to 550, Emperor 10c to 320, Renison the same to 510 and Central Norseman 6c to 630. In the oil and gas sector Santos closed 18c down at 462 after reaching a year’s low of 4.60. Bridge Oil fell 7c to 188, Ampol Exploration 5c to 190 and Beach Petroleum 2c to 65. On the industrial board profit-takers hit News Corporation, which fell 35c to 1215, while among other media stocks, Fairfax jumped 40c to 810. Elsewhere, Adsteam fell 40c to 1170, lEL 30c to 720, Rothmans 20c to 730, FAI 12c to 638 and James Hardie 10c to 340. Cereus gained 75c to 1220 and APA holdings, under a take-over offer from Unity Corp, put on 20c to 650. Major banking stocks traded easier with the National Australia Bank losing 5c to 465, ANZ the same to 465 and Westpac remaining steady on 450. In share price index futures, active March opened 4.5 points easier at 1066.5 and traded down to close at 1058.5.

INDUSTRIAL Last Closing quotes Industrial Buy Sell sale ACI 325 330 325 AGC 255 260 255 ANI 312 315 315 ANZ 465 466 465 APM 320 323 320 AWA 540 560 560 AdelStm 1170 1180 1170 Ad'tiser 235 — —— AlliedMl 330 332 330 Alpha 45 50 50 Alpha opt 31 35 32 Amatil 640 644 640 Ampol 245 248 245 Ariadne 212 215 214 Ariadne dd 210 215 215 Arnotts 340 350 — BHP 706 708 706 BellG 660 680 670 BellG ctg 1590 1600 —— BondCorp 240 242 240 Boral — 345 344

Brambles 490 500 490 Brierley 550 570 574 Broadland 260 270 — Bundaberg 240 250 240 BurnsP 530 538 530 CIG 300 305 303 CSR 332 333 333 Cadbury 365 — 370 ChaseCrp 475 485 485 Claradeen 130 135 130 Clyde 190 195 190 Clyde-Wd 280 290 285 Clyde-Wd opt 185 200 196 CoalAll 440 460 — Coles 450 452 450 Comalco 189 193 190 Eastcourt 70 72 72 Elders 340 345 340 Elders opt 185 190 — ■ Email 188 192 190 Equitcorp 175 180 175 FAI 636 638 638 FairfaxJ 800 810 810 FeltexNZ 220 — —- Fielder 265 — 270 Fletcher 290 — —- Fortuna 87 90 — GPT 220 222 222 GGotch 320 320 Hanimex 92 9592 HardieJ 338 345 340 Herald 560 570 — Hooker 179 180 180 Humes 187 188 187 ICI 220 222 220 lELGrowth 88 — —- lELIncome 85 90 — Impala 106 108 108 IndEquit 710 720 720 IntrTech 31 33 33 Jennings 225 230 230 JohnsPry 560 570 —• JonesDav — 1250 1240 Jonray 900 950 930 Kern 210 215 215 Keywest 185 195 195 Leighton 80 84 80 LLease 658 660 660 Linter 380 — 385 MartinPr 115 118 115 MartinPr dd 115 —— — MayneNic 375 380 375 McPherson —— 230 228 Monier 213 215 213 MorrisP 1100 1160 —■ NZFor 175 180 175 NZICorp 126 — 126 NZICorp opt —— 100 — NatAust 463 468 465 NatCons 272 275 272 NewsCorp 1210 1215 1215 OPSM 310 315 315 Oakbridge 110 112 112 PacDunlop 270 271 270 PetersSl 230 232 230 PioneerC 270 271 270

Pioneers 170 172 170 QBE 740 — 750 Reckitt 400 — 400 Repco 156 157 156 Rheem 305 307 307 RobJones 205 225 225 Rothmans — 720 730 SmithHwd 490 495 495 Sunshine 220 225 225 TNT 279 280 279 UnionC 400 — —— UnityCrp 560 600 560 Vapocure 215 217 217 Vestcorp 105 108 105 Viking 70 75 75 Walton 38 — 38 Wattle —— 245 — WfieldHl 1450 — ' Westpac 450 452 450 Woolworth 360 362 362 Wormaid MINING 348 — Aberfoyle — 900 — Ashton 131 132 130 AustDevl —- 17 — BellRes 490 495 490 Bouganvle 214 216 215 CRA 556 558 556 CarrBoyd 148 153 150 ConsRes 6 7 7 ERA 180 183 180 Emperor 315 325 320 GMKalg 800 820 — Kidston 544 560 550 MIM 278 280 280 MetalsEx 36 — 36 NorthBH 256 258 258 HH150 27 28 28 PancontM 187 190 187 Paringa 100 102 100 Peko 504 504 Poseidon 255 257 255 QldCoal 137 138 137 RGC 516 «— 510 Southland 250 255 250 Technomin 33 35 WMC 335 336 335 WestSand 165 169 165 WhimCrk 220 OILS 225 — AOG 150 155 155 AmpolExp 185 190 190 Beach 65 68 65 Bridge 185 188 188 Claremont 96 100 98 Crusader 152 155 155 Hartogen 170 — 170 Magellan —— 195 — Offshore 10 11 11 OilSearch 30 32 30 PancontP 20 22 20 PekoOil 60 64 64 Santos 462 465 462 Vamgas 245 250 245 WeeksPet —• 850 850 Woodside 115 116 115