Some of the country’s biggest property companies dominated the list of heavy fallers on the London Stock Exchange today, as the government continues to ramp up coronavirus restrictions that could hurt the outlook for many parts of the real estate market.
Of the 10 sharpest falls in the FTSE 100, seven were for property companies. Land Securities took the biggest hit, down 2.8% to 525.2p, with Barratt Developments following, dropping by 2.4% to 536.8p.
Taylor Wimpey dipped by 1.6% to 116.65p, while British Land was down 1.5% at 357p. SEGRO, Persimmon and Berkeley Group also finished the day among the top fallers.
In the FTSE 250, four of the top 10 fallers were property companies. Shaftesbury led real estate’s race to the bottom, dropping by 5.9% to 469p, followed by St Modwen, down 4.8% to 317p.
Derwent London was knocked down 4.3% to 2,652p, while GCP Student Living tumbled 3.6% to 116.4p.
Wetherspoon took the biggest hit of all on the FTSE 250, diving 19.4% to 773.5p.
The FTSE 100 ended up 1.49% at 5,919. The FTSE 250 was down 0.09% at 17,822.
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