Luggage maker carries the day

LUGGAGE manufacturer Pam & Frank was one of the best performing stocks yesterday, rising 8.6 per cent to close nine cents higher at $1.13 on $56 million turnover.

The company has been a poor performer since it was relisted this year, but a pick-up in orders from the United States is believed to be helping.

Pam & Frank, which is one of the territory's largest bags maker, exports to major US accounts like K Mart.

Hanny Magnetics shares continued to rise following the announcement that Hutchison would put in its senior people to run the company.

Hanny shares closed five cents higher at $1.10.

Benelux shares also saw a respite from the recent heavy selling, with the price recovering one cent to 71 cents.