Unibail (ASX:URW) Registers Record Gains

November 10, 2020 07:02 PM AEDT
Team Kalkine

Team Kalkine
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While the ASX closed with a slight improvement on 10 November 2020, a couple of stocks performed outrageously and ended the day in super bullish spirit. Also, the improved ASX charts brought the index back to the levels on which it was trading on March 5.

The S&P/ASX 200 index soared ~0.7%, or 41 points, to reach up to 6340.50 post the reports of vaccine breakthrough from Pfizer and BioNTech hit the market.

The shopping mall giant Unibail-Rodamco-Westfield (ASX:URW) can be termed as the session’s hero. Rolling ~43.6% intraday to reach up to $4.12 was something that made news in the real time.

Meanwhile, on 10 November 2020, Unibail’s shareholders shall be deciding whether to approve the company’s plans for a 3.5 billion euro rights issue, amidst intense resistance from a couple of high profile investors.

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