This article is from the Australian Property Journal archive
THE A-REITs sector has also taken a battering last week along with the share market.
The S&P/ASX 200 A-REIT indices was not immune to the downturn last week which wiped $94 billion from the share market in five trading days, from May 10 to May 14.
Overall, Standard & Poor’s shows in the month-to-date, A-REITs declined 9.64% – most of the loss was recorded last week.
The S&P/ASX 200 A-REIT open trade at 871 points at the start of the week and closed at 815.1 points at Friday, after recovering from a low 803.6, down around 6%.
As a result, the market capitalisation has declined to $61.25 billion.
Australian Property Journal
