ASX Midday Sector Update: Real Estate Stocks Jump, Healthcare Falls

MT Newswires Live

Sep 11

Real estate stocks jumped a little over 1% at midday Thursday. US wholesale inflation declined in August, boosting expectations of a US Federal Reserve rate cut.

Elanor Commercial Property Fund (ASX:ECF) said lawyers of LDR Assets, a trustee for the LDR Assets Trust, declared LDR's off-market takeover bid for the company is free of all defeating conditions.

Meanwhile, the healthcare sector fell nearly 2%.

PolyNovo (ASX:PNV) received notice that JPMorgan Chase and its affiliated entities increased their voting interest in the company to 9.99% from 7.77% on Monday. The firm's Chairman David Williams' related entity, Moggs Creek, acquired 37,000 shares for AU$1.41 apiece, or AU$51,980 in total, via an on-market deal on Wednesday.

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US wholesale inflation declined in August, boosting expectations of a US Federal Reserve rate cut.</p><p>Elanor Commercial Property Fund (ASX:ECF) said lawyers of LDR Assets, a trustee for the LDR Assets Trust, declared LDR's off-market takeover bid for the company is free of all defeating conditions.</p><p>Meanwhile, the healthcare sector fell nearly 2%.</p><p>PolyNovo (ASX:PNV) received notice that JPMorgan Chase and its affiliated entities increased their voting interest in the company to 9.99% from 7.77% on Monday. The firm's Chairman David Williams' related entity, Moggs Creek, acquired 37,000 shares for AU$1.41 apiece, or AU$51,980 in total, via an on-market deal on Wednesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2566893012","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566893012","pubTimestamp":1757561560,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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