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Oriental Press Group

Oriental Press Group continued to slump yesterday, falling 20 cents to $3 to show a loss of 6.25 per cent.

Volume rose to 7.01 million shares, its highest level in almost two months.

Analysts said they were concerned about narrowing profit margins in the increasingly competitive newspaper industry. There was talk in the market yesterday the group had made large forward purchases of newsprint in the middle of last year, when prices were at record highs.

The stock has fallen about 13 per cent this week and 31 per cent since the end of November last year.

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