ASX 200 Gains Amid Property Sector Optimism

1 min read | October 03, 2024 07:26 PM AEST | By Team Kalkine Media

Google News:

ASX 200 Gains Amid Property Sector Optimism — Image source: Shutterstock

Recent News

Why Karoon Energy Suddenly Lost Market Favour

Rare Earths in the Spotlight: Why Supply Security Is Driving the Secto...

Liquidity Returns: Why Smallcap Stocks Are Back in Focus

EOFY Electronics Rush: Why Retail Stocks Are Back in Focus

Make Kalkine Media
My Trusted Source

Headlines

ASX 200 edges higher with a focus on the property sector

Real Estate Investment Trusts lead gains following major broker target hikes

Uranium and copper sectors remain steady with a long-term outlook

The S&P/ASX 200 closed slightly higher, posting a minor increase of 0.09%. It was a relatively quiet session as fund managers adjusted to recent changes in China's stimulus measures and interest rate policies.

While the overall index saw modest gains, the Real Estate Investment Trusts (XPJ) sector stood out with a strong performance, driven by a research note from Morgan Stanley. The broker increased price targets for 21 stocks within the sector, citing lower interest rates as a key factor behind the adjustments. Major players such as Centuria Capital Group, Stockland, Charter Hall Long Wale Reit, and Lendlease Group saw significant increases.

The broader-based S&P/ASX 300 showed a slight lag, with more decliners than advancers. Uranium and copper sectors, while not making immediate moves, continue to garner attention as part of a slow-burning trend that investors are closely monitoring.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.