Australia's Goodman Group falls after report of $1.2 bln stock sell-down

Goodman

04/12/2024 24:59

** Goodman Group  GMG.AX  falls as much as 5.7% to A$35.955;
biggest intraday loss since Aug. 5
    ** Property developer falls after The Australian reported
China Investment Corporation was selling co's stocks worth A$1.9
bln ($1.23 bln) 
    ** Stock hits lowest since Nov. 13
    ** GMG top loser on ASX 200 index  .AXJO , which was last
down 0.5%
    ** Stock up 43.7% YTD

($1 = A$1.5470)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))