www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid= -
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Published on: 5/2/2007
Last Visited: 5/2/2007
"Tomorrow morning we'll have a lot more detail and possibly expect some volatility in that share price tomorrow, " Grant Williamson, a partner with Hamilton, Hindin, Greene, said.
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"I think the outlook with interest rates still going up, the strong dollar, a number of investors are prepared to take some profits and sit on the sidelines and see what happens in the next few months," Mr Williamson said.
Star performer was Dominion Finance , whose shares rose 20c or nearly 10 per cent to a year high of 230 after reporting that its net year profit had doubled as a result of acquisition.
"It's been a quiet achiever on the New Zealand market in the last number of months," Mr Williamson noted.
Other positive stories included Hellaby Holdings, up 6c to 416 after yesterday's news that it was thinking about selling its retail shoe operations.
Currency-sensitive stocks Sanford and F&P Healthcare were up 15c to 465 and 1c to 383 respectively.
The latter had been creeping up over recent days but with the currency still strong, the reason was "a bit of a mystery", Mr Williamson said.
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The unsurprised market "had worked it into the equation several weeks ago",m Mr Williamson said.