AUSTRALIA Traders take profits

Press, 14 February 1986, Page 10

AUSTRALIA Traders take profits

NZPA Sydney Australian sharemarkets recorded their largest fall for three months with profit-tak-ing in industrial stocks and weaker oil and metal prices pushing the market down. At the close of trading the all ordinaries index had fallen 15.4 points to 1039.7, the all industrials index dropped 21.6 points to 1591.7 and the all resources index lost 10.6 points to 617.1. The gold index fell 19.6 points to 617.1. Turnover was 59M shares worth $96.7M, with falls outnumbering rises by 327 to 149. Brokers said market sentiment was bearish with fhe market nervous . before the release of the January current account deficit figures today, and there was heavy selling pressure. Weaker oil prices flowed on to BHP, which fell through 700 and reached a year's low of 690. The share price closed 12c down at 694. Bell Resources shed 15c to 475. Its parent, Bell Group, lost 34c to 636 while CSR lost 3c to 330. Mining stocks traded easier, with CRA losing 4c to 552, MIM 12c to 268, Peko Wallsend 14c to 490 and North Broken Hill 5c to 253. Gold-related stocks also eased, with GMK falling 20c to 800 and Poseidon 10c to 245. In the oil and gas sector Santos lost 8c to 454, Magellan 15c to 175 and Claremont 5c to 93. On the industrial boards profit-taking was the norm, with News Corporation dropping 45c to 1170, Rothmans 60c to 660, Fairfax 30c to 780 and Elders-IXL 15c to 325. Bond Corporation was traded heavily, with Rivkin specialling about 1.7 M shares at prices ranging from 232 to 240. The shares closed 10c down at 230. Elsewhere, Adsteam lost 20c to 1150, James Hardie 15c to 325, ACI 9c to 316 and Boral the same to 335. Ar-

notts was one of the few to gain, adding 10c to 350. Major banking stocks traded easier, with the ANZ and the National Australia Bank both losing 2c to 463, and Westpac remaining steady on 450. In share price index futures, active March opened 5.5 points lower at 1053.0 and traded down to close at 1040.0.

Closing quotes Last Industrial Buy Sell sale ACI 315 316 316 AGC 257 260 255 ANI 305 310 310 ANZ 463 465 463 APM 322 325 322 AWA 540 —♦ 540 AdelStm 1140 1150 1150 Ad’tiser 235 240 235 AlliedMl 330 335 335 Alpha 48 50 48 Alpha opt 32 33 32 Amatil 640 644 640 Ampol 245 248 248 Ariadne 212 213 213 Ariadne dd 200 213 — Arnotts 345 — 350 BHP 692 694 694 BellG 636 638 636 BellG ctb 1600 — BondCorp 230 231 230 Boral 335 336 335 Brambles 472 475 475 Brierley 540 550 550 Broadland 260 270 265 Bundaberg 235 240 238 BurnsP 530 534 530 CIG 295 305 300 CSR 328 330 330 Cadbury 365 370 370 ChaseCrp 470 485 475 Claradeen — 135 130 Clyde 188 195 188 Clyde-Wd 270 280 275 Clyde-Wd opt 180 190 190 CoalAll 430 450 450 ColesMyr 445 448 448 Comalco 190 193 190

Eastcourt 68 72 70 Elders 325 328 325 Elders dpt 180 185 185 Email 185 190 185 Equiticorp 178 180 180 FAI 636 638 636 Fairfax! — 780 780 FeltexNZ 220 — — Fielder 265 —— — Fletcher 290 300 — Fortuna 90 94 — GPT 222 224 222 GGotch 320 —— 320 Hanimex 88 90 90 HardieJ 330 — 330 Herald — 560 560 Hooker 180 182 180 Humes 185 188 185 ICI 220 — 220 lELGrwth 88 — — lELIncme 85 90 — Impala 104 108 106 IndEquit 700 700 IntrTech 32 33 Jennings 225 230 — JohnsPry 570 — — JonesDav 1200.1240 —— Jonray 900 — 900 Kern 210 215 210 Keywest 190 195 195 Leighton 80 82 80 LLease 630 640 640 Linter 385 — 385 MartinPr —- 115 115 MartinPr dd no — — MayneNic — 372 370 McPherson 225 225 Monier 206 210 210 MorrisP 1110 1160 — NZFor 175 180 180 NZICorp 125 — 125 NZICorp opt — 100 — NatAust 462 463 463 NatCons 271 273 272 NewsCorp 1170 1180 1170 OPSM 310 315 315 Oakbridge 98 100 100 PacDunlp 265 266 265 PetersSl 220 225 220 PioneerC 270 271 270 Pioneers 168 172 170 QBE 740 — 750 Reckitt 400 410 400 Repco 156 157 156

Rheem 305 — 307 Rob Jones 205 225 —- Rothmans — 720 660 SmithHwd 470 480 480 Sunshine 213 215 215 TNT 281 282 281 UnionC 380 —» — UnityCrp 582 590 590 Vapocure 215 235 217 Vestcorp 100 106 106 Viking 65 70 70 Walton 38 40 —— Wattie —— 245 —— WfieldHl 1450 — — Westpac 450 451 450 Woolworth 355 360 360 Wormaid 320 MINING 340 — Aberfoyle ■ — 900 — Ashton 131 132 131 AustDevl — 17 — BellRes 470 475 475 Bouganvle 213 214 213 CRA 540 550 552 CarrBoyd 145 150 145 ConsRes 6 7 7 ERA 170 175 175 Emperor 295 305 300 GMKalg 780 800 800 H11150 26 27 26 Kidston 550 560 560 MIM 268 272 268 MetalsEx — 38 36 NorthBH 254 255 253 PancontM — 183 183 Paringa 98 102 100 Peko 490 496 490 Poseidon 245 250 245 QldCoal 133 135 135 RGC 510 — 510 Southland 250 251 250 Technomin 33 35 33 WMC 330 333 333 WestSand 160 165 160 WhimCrk 200 OILS 215 215 AOG 145 150 150 AmpolExp 192 195 192 Beach 63 66 65 Bridge 185 186 185 Claremont 93 95 93 Crusader 155 158 155 Hartogen 170 172 170 Magellan — 180 175 Offshore 10 11 10 OilSerch 28 30 28 PancontP 19 20 20 PekoOil 61 62 62 Santos 450 454 454 Vamgas 245 250 248 WeeksPet — 850 — Woodside 115 — 115