Shares of Suntec Real Estate Investment Trust (OTCMKTS:SURVF – Get Free Report) traded up 4.2% during mid-day trading on Thursday . The company traded as high as $1.1150 and last traded at $1.1150. Approximately 8,029 shares traded hands during trading, a decline of 5% from the average daily volume of 8,479 shares. The stock had previously closed at $1.07.
Suntec Real Estate Investment Trust Price Performance
The company’s 50 day moving average is $1.08 and its 200 day moving average is $1.12.
About Suntec Real Estate Investment Trust
Suntec Real Estate Investment Trust, established in 2004, is a Singapore-based real estate investment trust that focuses on acquiring and managing office and retail properties. Its flagship asset, Suntec City, comprises six office towers and an expansive retail podium. The trust also holds significant interests in office towers within the Marina Bay Financial Centre, further solidifying its presence in Singapore’s central business district.
In an effort to diversify geographically, Suntec REIT has selectively expanded into Asia-Pacific markets, including the acquisition of landmark office properties in Melbourne, Australia.
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