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Market wrap: Stocks stage recovery after Friday’s fall

London stocks recovered at the start of the week, following a sharp sell-off on Friday fuelled by the emergence of a new Covid-19 strain.

The FTSE 100 finished the session up by 0.9% at 7,109, with a similar gain for the FTSE 250 at 22,756.

The most high-profile real estate move was from Grainger, which dropped by 2.5%, the sixth-steepest fall in the FTSE 250. Its shares finished the day at 302.4p, their lowest in around a month and a half.

The best-performing REIT was NewRiver, posting a 5% gain on the back of last week’s results and hitting a four-month high of 88.4p.

Hammerson, which this morning confirmed sale talks over its Silverburn shopping centre in Glasgow, rose by almost 1.5% to 30.91p.

To send feedback, e-mail tim.burke@eg.co.uk or tweet @_tim_burke or @EGPropertyNews

Image © imageBROKER/REX/Shutterstock

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