NZ's Steel & Tube Holdings sees best session in 9-1/2-mnths; expects to match FY guidance

Steel & Tube Holdings

31/07/2019 24:35

** Shares of Steel products maker Steel & Tube Holdings Ltd
 STU.NZ  rise as much as 6.9% to NZ$0.930
    ** Stock posts biggest intraday pct gain since Oct. 17, 2018
    ** Co expects FY19 results to be in line with guidance
issued in May 2019, of FY19 EBIT between NZ$15.5 million-NZ$17.5
mln ($10.3 mln-$11.6 mln)  urn:newsml:reuters.com:*:nFWN24V1H9
    ** Stock down 28.7% this year as of last close
    ** About 142,000 shares change hands, versus 30-day average
of about 127,000 shares

($1 = 1.5122 New Zealand dollars)

 ((aditya.srivastsav.thomsonreuters.com@reuters.net))