Australia's Rural Funds Group jumps on property stake sale
20/06/2024 06:24
** Shares of Rural Funds Group RFF.AX rise as much as 2%
to A$2.050, posting their biggest intraday percentage gain since
June 3
** Stock hits its highest level since June 7
** Agricultural real estate investment trust announces sale
of 50% interest in two of its properties
** Says divestment for net proceeds of A$39 mln ($26.01 mln)
** Stock trims YTD losses to 3.3%, including session's moves
($1 = 1.4997 Australian dollars)
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))