|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Wednesday 13th of January 2010
January 11, 2010    

Great Portland Estates leads London real estate sector

Bookmark and Share

by Elaine Frei
Great Portland Estates leads London real estate sector

European equities markets were mixed Monday amid caution ahead of fourth quarter results from US companies, due to begin reporting after the close of trade today.

The FTSE 100 added 0.07 percent to 5,538.07 in London, while the FTSE 250 was up 0.39 percent to 9,726.44.

The real estate sector was mostly higher, led by Great Portland Estates (LSE: GPOR) with a gain of 3.23 percent, while Land Securities (LSE: LAND) was up 2.86 percent as the best performer on the 100 and British Land (LSE: BLND) added 2.6 percent.

The biggest loser on the 100 was miner Eurasian Natural Resources (LSE: ENRC), which dropped 2.32 percent in a mixed sector.

Insurers were mixed with Legal & General Group (LSE: LGEN) down 2.08 percent and Prudential (LSE: PRU) falling 1.88 percent on the 100, but over on the 250, St. James Place (LSE: STJ) added 5.47 percent to lead the few gainers in the sector.

Brewer SABMiller (LSE: SAB) dropped 2.01 percent to lead decliners in a mixed food and beverage sector.

The biggest gainer and loser in London both came from the 250, where engineers Renishaw (LSE: RSW) added 5.61 percent but technology group Imagination Technologies (LSE: IMG) fell 5.81 percent.

The FTSE Eurofirst 300 was 0.15 percent lower and while the Dax added 0.05 percent to 6,040.5, the CAC-40 was down 0.05 percent to 4,043.09 and the IBEX dropped 0.73 percent to 12,074.5.

Most markets in the Asia-Pacific region were higher to start the week, although South Korea’s Kospi fell 0.07 percent to 1,694.12 and the Sensex dropped 0.08 percent to 17,526.71 in India.

The Straits Times Index added 0.37 percent to 2,933.53 and the Hang Seng was up 0.51 percent to 22.411.52, while the Shanghai Composite and the Taiex each gained 0.52 percent, to 3,212.75 and 8,323.82 respectively.

In Australia, the Sydney Ordinaries and the S&P/ASX200 were each 0.79 percent higher, to 4,950.7 on the ASX and 4,981.2 for the Ordinaries.

Tokyo’s markets were closed in observance of Coming of Age Day.

The Dow Jones Industrial Average was 0.03 percent higher to 10,621.74 in midday trade on Wall Street, but the S&P 500 was down 0.07 percent to 1,144.14 and the Nasdaq Composite had dropped 0.57 percent to 2,304.

Aluminium producer Alcoa (NYSE: AA) is due to begin quarterly reporting season when it turns in its results for the fourth quarter of 2009 after the close of the day’s session.

Crude oil prices were lower in New York in early afternoon trade, but metals prices were up.

Discuss this in the Finance Markets forums

Story link: Great Portland Estates leads London real estate sector




Related financial stories to: Great Portland Estates leads London real estate sector:
Previous: « Bankruptcy looming for Japan Airlines
Next: BRC: December retail sales in sharp rise »

Visited 273 times, 13 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , , , ,