Paper shares may be oversold.

Focuses on the stock market performance of Fletcher Challenge and Carter Holt Harvey, the main paper and pulp commodity shares for Australians, in 1995. Trading prices; Impact of the market weakness; Factors that contributed to pulp and paper price slump; Potentially significant buying opportunity in pulp and paper shares in 1996; Expansion of in paper manufacturing capacity; Seasonal downturn and overstocking.