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Market wrap: Housebuilders pick up after major dives

Housebuilders posted some of the largest gains on the London Stock Exchange today, with notable rises following plummeting stocks yesterday (24 June).

Countrywide led the charge, rising by 14.71% to 101p during the session, making up for an 11.06% decline during yesterday’s trading.

It was followed by Crest Nicholson, which ended the session up by 7.12% at 219.8p after its shares fell by 18.1% yesterday.

The market was more downbeat for commercial landlords with the arrival of quarter rent day. Helical was among the biggest fallers, dropping by 5.55% to 323.5p, while Schroder’s European REIT fell 4.31% to 71p.

The FTSE 100 nudged up by 0.38% to 6,147.14 and the FTSE ended the day down 0.23% at 17,112.12.

To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette

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