Listed Tourism Holdings has responded to a New Zealand stock exchange request for information as to why its shares had risen 17% from 68c recently, to trade around 80c.
On November 24, its shares were trading around 68c, and a large volume, totalling 1.35 million shares, changed hands, while on Thursday this week, the price rose from 68c to 80c, on "slightly higher than normal" daily volumes of 140,000 shares, Craigs Investment Partners broker Peter McIntyre said.
He said there might be renewed interest in Tourism Holdings stock as it would be catering to the influx of tourists during the Rugby World Cup in 2011, both in the hiring of its campervans and hosting visits to its tourist attractions.
Tourism Holdings chief financial officer Ian Lewington replied to the NZX request yesterday, saying the company was in compliance with listing rules, meaning it had disclosed all information to the marketplace which might affect its share price.
