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excerpt from article.
http://business.theage.com.au/business/optimism-ok-when-even-zombies-show-life-20090813-ejxz.html
Optimism OK when even zombies show life
ERIC JOHNSTON
August 14, 2009
AUSTRALIA'S first casualty of the global financial crisis, Centro Properties Group, was yesterday hit with a speeding ticket from the Australian Stock Exchange as its shares rocketed 23 per cent.
Shortly after, Valad Properties - which had also spent most of the past year on life support from its bankers - was also asked to explain the 12 per cent surge in its shares. Both were at a loss to explain the price rises.
Signs of life among the nation's better-known zombie stocks are occurring. The benchmark S&P/ASX200 Index is more than 40 per cent off its recent March low, moving to a 10-month high.
Dealing desks around town yesterday had their busiest day in months, with trading rooms struggling to keep up with more than $6 billion worth of orders (although the staff cuts of recent months probably contributed to the backlog).
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