Mapletree Logistics Trust (OTCMKTS:MAPGF) Trading Up 8.6% – Here’s What Happened

Mapletree Logistics Trust (OTCMKTS:MAPGF)’s stock price was up 8.6% on Wednesday . The company traded as high as $0.95 and last traded at $0.95. Approximately 1,748 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 2,821 shares. The stock had previously closed at $0.8750.

Mapletree Logistics Trust Price Performance

The business’s fifty day moving average price is $0.95 and its two-hundred day moving average price is $1.00.

About Mapletree Logistics Trust

Mapletree Logistics Trust (OTCMKTS:MAPGF) is a Singapore‐listed real estate investment trust specializing in high‐quality logistics and distribution assets. It is externally managed by Mapletree Logistics Trust Management Ltd, a wholly owned subsidiary of Mapletree Investments Pte Ltd, and invests primarily in freestanding warehouses, multi‐user logistics facilities and distribution centres leased to third‐party logistics providers, e‐commerce companies and multinational distributors.

Since its initial public listing in April 2017, the trust has assembled a portfolio of strategically located properties across key Asia‐Pacific markets, including Singapore, China, Japan, Australia, Hong Kong, South Korea, Malaysia and Vietnam.