Gecina bucks light-volume trend in European equity markets

viernes 23 de mayo de 2014 12:28 GYT
 

* FTSEurofirst 300 index gains 0.2 percent

* Italy outperforms as bond yields fall

* Caution ahead of Ukraine, EU election results (Updates with closing prices and no other changes to text)

By Alistair Smout

EDINBURGH, May 23 (Reuters) - French real-estate firm Gecina bucked the trend of low volumes in European share trading on Friday, as investors generally steered clear of big bets before a long weekend in Britain and elections in Ukraine and across the European Union.

Gecina fell 1.3 percent in volumes nearly four times its 90-day average after a share placing worth roughly 1 percent of share capital.

The real-estate investment trust was one of the most heavily traded stock relative to its 90-day average on the FTSEurofirst 300, which saw trade across the index at a mere 75 percent of its average.

Some analysts had warned that the EU's marathon parliamentary election, which ends on Sunday, could worry investors if strong performances by eurosceptic parties undermined governments' efforts to move towards greater integration.

But the prospect of the vote only affected share prices marginally on Friday, traders said.   Continuación...