Market Reaction - Vistry

There was no direct news on Vistry today however there was the following update from the CMA:

- The CMA has announced that it will investigate the planned takeover of Redrow PLC by Barratt Developments PLC. 

- The CMA will assess whether the merger will result in a substantial lessening of competition within any markets in the UK for goods or services. 

- The CMA's decision deadline for phase 1 is August 8. 

- The CMA previously investigated the UK housebuilding market and found fundamental concerns, leading to an investigation into eight housebuilders, including Redrow and Barratt. 

- The investigation revealed that the complex and unpredictable planning system, coupled with limitations of speculative private development, contribute to the under-delivery of new homes. 

Quote: "The investigation will assess whether the creation of that merger may be expected to result in a substantial lessening of competition within any markets in the UK for goods or services." - CMA 

Maybe this had some negative effect on the company share price - it was not massive, considering the general market did have a negative movement. Most of my shares moved downwards around 2% on the day.

Share Price: 1199.8

Valuation Price: 2559.0

Variance: 113%

Volume Traded: 1.45m

Average Volume Traded: 1.09m

Volumes traded today were higher than normal, but it was not exceptionally so.

Chart:

The company share price is on a negative trend, down 8% in the last 2 weeks!