A small property player again posted the largest gain in trading today – One Heritage Group, a developer focused on the North West, saw its share price jump by two-thirds to a record high of 49p.
The company’s stock has been surging since Monday, more than trebling over the course of the week from 15.5p. An investor posting on a share chat board quipped of the company’s OHG stock ticker symbol: “Should be OMG.”
The company issued a statement on Monday saying it knew of no specific reason for such a rapid share price rise. It has not commented on the matter since.
Elsewhere, with prime minister Boris Johnson saying it is too soon to suggest whether the UK’s lockdown may need to extend into the summer and Covid-19 deaths rising, UK stock indices ended the week in the red.
The FTSE 100 index stood at 6,695 points, down by 0.4% across the week, with the FTSE 250 down by 0.2% at 20,596.
The most sizeable swings among the country’s largest real estate companies came from SEGRO (up by 1.5% to 974.2p a share), Grainger (up about 1.6% at 274p) and Hammerson (down by 6.2% to a post-recapitalisation low of 20.35p).
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