ESR Reit up 1.92%; analysts see further gains ahead
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Singapore
ESR Reit rose 1.92 per cent on Wednesday and looks poised to rise further. Analysts cite the Reit's growth in size, investors looking for safe-haven yield assets and an improving outlook for industrial space as key driving factors.
The counter surged some 3.85 per cent to S$0.54 by midday, up from its opening price of S$0.52. It lost steam in afternoon trade before closing 1.92 per cent higher at S$0.53, with 19.4 million shares changing hands.
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