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GMG

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GMG

Hi Troops, Any clues on Goodman Group (GMG). The share price has come off approx. 7% in the last three weeks. There doesn't appear to be any detrimental announcements. Cheers, Mick.

Answer

Hi Mick,

It’s been influenced by weakness in the broader market + it has property exposure, and property stocks don’t enjoy higher interest rates which can be shown through US bond yields  – they ticked up during the week on the US Feds comments. There have been no detrimental announcements.

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Goodman Group (GMG)
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