Spectacular rebound for listed property as lockdown eases
The sector climbed more than 20% in a week for the first time
07 June 2020 - 16:28
The R320bn listed property sector last week had its best week yet, gaining close to 20.34% and outperforming other asset classes.
Head of listed property funds at Stanlib, Keillen Ndlovu, said some real-estate stocks had been oversold in 2020 but there had been optimism for the sector last week as the economy moved to level three lockdown restrictions...
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