Thursday, May 10, 2012
GLP
GLP: falls 4.5% to $1.93 in high volume. An analyst notes no real news on a company-specific basis, but adds , on a macro basis, property plays with regional exposure, such as CapitaLand , appear to be taking a hit. Notes, most of the more domestic-exposed plays, such as REITs, are performing a bit better, with their higher exposure to Singapore viewed as more defensive. Says China trade data showing import growth was much slower than expected could be weighing on GLP, but previous swings in that data hadn't produced such large share-price movements. Another analyst says GLP had held up well the last couple days, amid bearish sentiment, and the stock is now playing catchup. The stock could find some support around $1.90. CapitaLand is down 1.5% at $2.66.
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