South Africa’s listed property sector surged 8.2% during the week that ended on 28 June 2013, on the back of lower bond yields, a stronger Rand and some quarter-end window dressing.
Interest rate sensitive securities like listed property were also sold off aggressively by investors who were worried that bond yields would rise further.
THE potential merger of Acucap Properties and Sycom Property Fund, the portfolio of which is managed by Acucap, "makes commercial sense".
South Africa’s listed property sector bounced back during the week ending 7 June 2013, despite a further increase in long bond yields.
Private placement 'fatigue' has been partly blamed for the sharp sell-off in property stocks over the past two weeks.
The volatility of the listed property sector over the past two weeks can be largely explained by movements in bond yields and the rand, and given the market’s close correlation to bonds, analysts say it may remain volatile in the short term.
South Africa’s listed property sector continued its slide during the week ending 31 May 2013, as the Rand breached R10/US$ and bond yields moved sharply higher.

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