Property Sector: Cent and Point Gain

property sector: Today the market has done well to recover from where we were this morning, said Comm Sec market analyst Steven Daghlian, according to The Independent. The 26-point gain was the biggest move for the ASX this week, with traders apparently noncommittal ahead of a possible US-China trade deal - or not - at this weekend's G20 summit in Japan. The benchmark S&P/ASX200 index finished up 25.8 points, or 0.39 per cent, to 6,666.3 points at 1615 AEST on Thursday, while the broader All Ordinaries was up 26.9 points, or 0.4 per cent, to 6,743. Thursday's gains would have been stronger but the property sector was down a collective 2.2 per cent as many trusts traded ex-dividend. One exception was Westfield operator Scentre Group, which was up 1.5 per cent to 3.97 after announcing it had sold three Sydney CBD office towers for 1.52 billion - a 16 per cent annual rate of return - and announcing an 800 million share buyback. A sea of red in that sector, Mr Daghlian said. (news.financializer.com). As reported in the news.