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Find out more about IPO and Rights Issue in articles from the All about REIT series:
The IPO Prospectus
Rights Issue Part 1: Terms and Definition
Rights Issue Part 2: What happens during a Rights Issue
Ever wonder how to start using CPF to buy shares? Do visit Using CPF to buy shares (CPF Investment Scheme CPFIS-OA)

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Thursday, December 3, 2009

Stock Movement - CapitaMall climbs back above the 1.8 level

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CapitaMall Trust climbs back above the 1.8 level today, closing at the highest price of the day of 1.81, at a volume of 5,980,000 units, top volume among the REITs counters.

After closing at a high of 1.87 on Oct 1, the REIT has been trending downwards after the announcement of the CapitaMall Asia IPO. Many has attributed this to the transferring of funds from CapitaMall Trust to CapitaMall Asia. The REIT hits an intraday low of 1.56 on Nov 2, and been hovering around 1.6 to 1.7 level for the past few weeks. The REIT has been slowly trending up after the IPO of CapitaMall Asia on Nov 25, and manages to close above 1.8 today.

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