Profit-taking evident
An element of profit-taking crept into trading on a firm, busy New Zealand sharemarket yesterday. The market has been spurred on by the Fletcher bid for Carter Holt, but prices began to ease late in the day. N.Z. Forest Products was up 2c to 274 c early in the day, but finished steady at 272 c, and Challenge gained 4c to 232 c on its largest parcel, although smaller lots sold for lower prices later in the day. A further special sale of 421,300 Carter Holt shares was traded at 425 c. Henderson and Pollard gained 40c to 400 c in reaction to the bid for its fellow timber company.
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Press, 3 April 1980, Page 8
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112Profit-taking evident Press, 3 April 1980, Page 8
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