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Hot stock: CapitaLand Ascott Trust falls on heavy trade after acquisition, fundraising news

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Michelle Zhu

Michelle Zhu

Published Thu, Aug 3, 2023 · 01:57 PM
    • The Cavendish London, one of three assets CapitaLand Ascott Trust plans to acquire from its sponsor. The trust's stapled securities are down since the stapled group resumed trading on Thursday.
    • The Cavendish London, one of three assets CapitaLand Ascott Trust plans to acquire from its sponsor. The trust's stapled securities are down since the stapled group resumed trading on Thursday. PHOTO: CAPITALAND INVESTMENT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    STAPLED securities of CapitaLand Ascott Trust (Clas) fell on Thursday (Aug 3) morning, as the stapled group began trading ex-dividend and distribution, following the results of its recent fundraising exercise.

    As at 10.18 am, its stapled securities were down as much as 5.7 per cent or S$0.0622 to S$1.03, from the stapled group’s adjusted closing price of S$1.0922 on Tuesday, ahead of the trading halt on Wednesday morning.

    Without adjustments, the counter was down 8 per cent or S$0.09 from Tuesday’s closing price. It later recovered to trade at S$1.04 as at 1.26 pm, down 7.1 per cent or S$0.08 from Tuesday’s close.

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    CAPITALAND ASCOTT TRUSTHot Stock

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