Scentre, the owner and manager of Westfield shopping malls in Australia, has put on ice a share buyback program as it attempts to navigate the market turbulence that stripped more than 7 per cent from its stock this week.

By Tuesday, as the broader market whipsawed its way back to finish up 3.1 per cent higher for the day, Scentre also finished 0.33 per cent better. Overall the top 200 property stocks ended 1.15 per cent down, after providing a margin of comfort amid the turmoil during Monday's sharemarket rout.