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Market wrap: Empiric rallies on results day

Empiric Student Property saw one of the steepest climbs in listed real estate, surging 5.22% despite reporting losses in H1 results.

The student REIT revised rental expectations and occupancy as boss Lynne Fennah said she was optimistic for the rest of the year. It ended the day at 68.5p.

As the sector hopes for a surge in student bed bookings following A-Level results day, rivals Unite and GCP Student Living were less fortunate on the market, dipping 0.68% and 1.03%, respectively.

Elsewhere, retail REITs were among the biggest losers in a downbeat market.

NewRiver REIT fell 5.42% to 61.1p, and Hammerson was down 5.25% to 51.22p.

The FTSE 100 ended the day down 1.51% to 6,185.62 and the FTSE 250 dropped 0.91%5 to 17,924.59.

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