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Market wrap: Vistry rises on profit promise

Vistry saw one of the sharpest rises in listed real estate today, with a 3.5% uptick building significant gains from yesterday.

The housebuilder rose to 943p following annual results promising to double profit this year. The surge comes after a 4.6% boost during trading yesterday amid news of the stamp duty relief extensions and a new mortgage guarantee to bolster the housing market.

Crest Nicholson also climbed 2.7%, with a small bump for Persimmon up 1.35% and drops across the board for the other largest housebuilders.

Elsewhere, Supermarket Income REIT dipped 2.3% to 107p, taking the stock in line with new shares issued as part of a £100m fundraise.

The FTSE 100 ended the day down 0.4% at 6,651 and the FTSE 250 closed at 21,296, dropping 0.7%.

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

Photo © Gerd Altmann/Pixabay

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