First Reit slides 4.39% after analyst downgrade to 'sell'

Singapore

FIRST Reit's units saw its gains over the past five days erased on Monday, following a broker's report which downgraded the counter to "sell".

The Reit (real estate investment trust) was trading about 1.75 per cent lower just before midday, but slid further in the late afternoon to finish 4.39 per cent lower at S$1.09. The counter's lowest so far this year was S$0.98, on Jan 2.