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September 10, 1990

MARKETS ALWAYS OVERDO EVERYTHING

By CBR Staff Writer

Markets always overdo everything, both the gloom and the euphoria, and having bottomed out at 76 pence on Friday (CI No 1,507), shares in Butler Cox Plc, ravaged by its first half profits plunge, recovered to close at 102 pence for a loss of 76 pence on the day: they had been trading a few pennies ahead of their 175p May 1989 flotation tag.

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