Wharf Holdings registered one of the best gains in the market yesterday, surging 90 cents to $27.60. Wharf has risen 6.15 per cent since July 17 but it is still below its 52-week high of $32.60, set in February.
Brokers said investors were becoming more positive about the conglomerate as Wharf's cable television network gained greater subscription levels. Wharf executives said yesterday Wharf Cable network might achieve its target of 300,000 subscribers by the end of the year.
Brokers said some investors were also attracted by the group's aggressive promotion of its telecommunications arm New T & T.