Carter Holt firms
Timber issues were in strong demand on a firm, busy New Zealand sharemarket yesterday. Carter Holt rose 12c to 480 c on its largest parcel, after the announcement that it had bought the Henderson and Pollard interest held by Feltex. However, in later trading Carter Holt sold as high as 500 c as a 46.8 per cent increase in its profit was reported. Odlins was also in demand at a steady 108 c. and Canterbury Timber Products was 10c dearer at 400 c in active trading. The market seemed.to.be more selective yesterday than in recent trading sessions. N.Z, Forest Products was steady, and the ANZ Banking Group, U.E.8., and Wattie were easier.
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Press, 30 May 1981, Page 18
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115Carter Holt firms Press, 30 May 1981, Page 18
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