ESR Reit up 1.92%; analysts see further gains ahead

Singapore

ESR Reit rose 1.92 per cent on Wednesday and looks poised to rise further. Analysts cite the Reit's growth in size, investors looking for safe-haven yield assets and an improving outlook for industrial space as key driving factors.

The counter surged some 3.85 per cent to S$0.54 by midday, up from its opening price of S$0.52. It lost steam in afternoon trade before closing 1.92 per cen…