This article is from the Australian Property Journal archive
THE Property Trust index jumped along for the ride yesterday as the share market surged back.
Yesterday the Property Trust index jumped 4.7% gaining 69.80 points to 1551.5 points. More than $501.35 million worth of shares were transacted.
The gains outstripped the share market, the benchmark S&P/ASX200 which 4.5% or 216.4 points to 5020.5 points. It also outperformed the broader All Ordinaries which gained 4.3% or 209.4 points to 5050.1 points.
The best performing listed property group in percentage terms yesterday was Centro Properties up 36.67% or 2.2 cents at 8.2 cents; followed by Macquarie DDR Trust with 17.86% or 5 cents increase to 33 cents; APN UKA up by 13.33% or 2 cents to 17 cents; and ING Industrial Fund rose 9.22% or 13.5 cents to $1.60.
In dollar terms, Westfield led with 80 cents gain to $18.70; followed by Stockland with 35 cents to $6.33; Carindale Property Trust rose 25 cents to $3.95; realestate.com.au jumped 20 cents to $5.20 and GPT Group increased 16 cents to $2.06.
Not all property group’s went along for the ride, the Rubicon Japan Trust fell 36% or 1.8 cents to 3.2 cents; Rubicon America Trust closed 12% or 0.003 cent lower at 2.2 cents; Rubicon Europe Trust also traded 12% or 0.003 cent lower at 2.2 cents; whilst National Leisure & Gaming closed 10% or 0.001 cent lower at 9 cents; and Valad Property Group dropped 7.94% or 2.5 cents to 29 cents.
Australian Property Journal
