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Article: HARDIE SAYS SHARE PRICE RISE DUE TO POSITIVE US DATA.
- Article from:
- AsiaPulse News
- Article date:
- December 8, 2008
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SYDNEY, Dec 8 Asia Pulse - Building products maker James Hardie Industries NV (ASX:JHX) says a recent rise in its share price is due to favourable US housing market news.
The Australian Securities Exchange (ASX) wrote to the building products company on Friday seeking explanation for a rise in its share price from $A3.49 ($US2.25) on Wednesday to a high of $4.41 during Friday's trade on Friday.
James Hardie shares opened trade on Monday at $4.13 and continued to climb early on, reaching $4.47 before falling back to $4.20, up seven cents, at the close.
In its response to the ASX on Monday, James Hardie said it was not aware of any unannounced ...