After closing at 35 cents a share yesterday, Gunns shares closed at just 26.5 cents on a volume of more than 41.2 million shares - down 8.5 cents a share after opening the day at 34 cents.

Today's fall follows yesterday's announcement that the timber company had sold its retail hardware stores for $40 million to John Danks and Son.

FULL REPORT IN THE EXAMINER TOMORROW