Real Estate Suffers Downgrade Blows as Oil Prices Rise
Real Estate falls deep after Sector powerhouse BP decided to push oil
and gas higher than it is usually known. a key help to BP will be the
absence of maintenance as it's production will likely recover over the
third quarter as it will record 4m barrels a day in a full year swing
Here are the sector readings:
Top performing sectors so far today
Industrial Metals 10,314.80 +2.41%
Industrial Engineering 2,772.20 +0.86%
Oil & Gas Producers 7,727.70 +0.72%
Pharmaceuticals & Biotechnology 9,412.60 +0.71%
Automobiles & Parts 4,584.20 +0.69%
Bottom performing sectors so far today
Real Estate 3,845.30 -2.06%
Construction & Materials 3,878.20 -0.97%
Gas, Water & Multiutilities 3,550.00 -0.68%
Life Insurance 5,314.80 -0.62%
Mobile Telecommunications 2,932.30 -0.51%
US and UK giants gag prices should be a big tap up boost,it has it's eyes on a target price of 731p on the shares.
Giant leap from steel group Corus will likely help industrial metals to reign on the top as it's currently doing.
In real estate news Merrill Lynch decrease property groups to "neutral"
from it's previous "buy", Hammerson, Lamd Securities, Shaftsbury, Great
Portland, Derwent Valley Slough Estates and even Brixton followed the
By Jayron Magcale