This article is from the Australian Property Journal archive
Lend Lease shares traded 13 cents higher yesterday to finish at $14.28, as news is circulating that the group may be reporting 34% increase in first half year profit this Thursday.
The market has been told that Lend Lease’s foray in the United Kingdom and the United States is expected to pay off for the company.
Analysts have told PropertyReview, Lend Lease’s net profit for the six months period would be around $160 million.
Other winners yesterday include FKP, whose shares rose 25 cents to $5.20; Record Investments stocks were 24 cents higher at $9.54 and Westfield shares went up 18 cents to $17.50.
Yesterday’s losers included Macquarie Bank, Leighton Holdings and Babcock & Brown.
Meanwhile, Fletcher Building shares eased back yesterday by 4 cents to $7.04, after soaring 24 cents a day earlier.
The ASX Property Indices rose by 0.8% to finish at 1925.8 points.
By Adam Parsons
Yesterday’s Winners
|
Name
|
Volume
|
Open $
|
Last $
|
Change $
|
Change
|
|
FKP LTD
|
188,072
|
4.930
|
5.200
|
0.25
|
5.50%
|
|
RECORD INVESTMENTS
|
589,401
|
9.340
|
9.540
|
0.24
|
2.58%
|
|
WESTFIELD GROUP
|
8,789,389
|
17.410
|
17.500
|
0.18
|
1.39%
|
|
MFS LVGD STAPLE
|
119,535
|
3.200
|
3.350
|
0.16
|
5.15%
|
|
ALLCO HYBRID INVEST
|
1,400
|
6.400
|
6.250
|
0.15
|
2.46%
|
|
LEND LEASE CORP
|
882,868
|
14.300
|
14.280
|
0.13
|
0.92%
|
|
CP1
|
10,600
|
2.800
|
2.980
|
0.13
|
4.56%
|
|
ABC LEARNING CTR
|
1,781,006
|
7.300
|
7.350
|
0.13
|
1.80%
|
|
APN PROP FPO
|
45,492
|
1.980
|
2.000
|
0.10
|
5.26%
|
|
AUSTRALAND ASSETS
|
26,800
|
66.400
|
66.550
|
0.10
|
0.15%
|
Yesterday’s Losers
|
Name
|
Volume
|
Open $
|
Last $
|
Change $
|
Change
|
|
MACQUARIE BANK LTD
|
1,691,876
|
63.150
|
62.820
|
-1.03
|
-1.61%
|
|
CANBERRA INV
|
28,500
|
0.930
|
0.940
|
-0.11
|
-10.48%
|
|
LEIGHTON HOLDINGS
|
746,729
|
18.010
|
17.850
|
-0.10
|
-0.56%
|
|
BABCOCK & BROWN LTD
|
492,785
|
16.630
|
16.580
|
-0.07
|
-0.42%
|
|
BORAL LIMITED.
|
2,632,993
|
8.680
|
8.600
|
-0.05
|
-0.58%
|
|
FLETCHER BUILDING
|
1,015,559
|
7.090
|
7.040
|
-0.05
|
-0.71%
|
|
PORT BOUVARD
|
11,920
|
1.760
|
1.735
|
-0.05
|
-2.80%
|
|
SINO SECUS INTL
|
30,000
|
3.680
|
3.650
|
-0.05
|
-1.35%
|
|
CROMWELL CORP
|
49,641
|
0.740
|
0.705
|
-0.04
|
-5.37%
|
|
PEET & COMPANY LTD
|
48,880
|
2.820
|
2.800
|
-0.04
|
-1.41%
|
