BUZZ-Australia's Garda Diversified Property Fund rises most in 4-1/2 yrs on property sale

Reuters
23 Oct 2024

** Garda Diversified Property Fund jumped as much as 8.8% to A$1.235, its highest since May 1

** Stock posting its biggest intraday jump gain since May 2020

** Co says it sold an industrial development site in Queensland for A$114 mln ($76.2 mln) and will use proceeds to repay debt

** About 873,000 shares change hands, compared with the 30-day average volume of around 71,000

** Stock trims YTD losses to 0.6%, including session's move

($1 = 1.4966 Australian dollars)

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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