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CityDev falls 3.6% on removal from FTSE EPRA/NAREIT Global Developed Index

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Angela Tan

Angela Tan

Published Fri, Jun 5, 2015 · 02:01 AM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    CITY Developments plunged 3.6 per cent in early trade on Friday on news of its imminent deletion from the FTSE EPRA/NAREIT Global Developed Index.

    FTSE announced the planned deletion on Thursday, following the quarterly review for the FTSE EPRA/NAREIT Global Real Estate Index, Asia region. All changes are effective as of Monday, June 22, 2015.

    After falling to S$9.70 a share, CityDev was trading around S$9.85 a share by 9.45am, down 34 Singapore cents, or 3.3 per cent. More than 3 million shares changed hands.

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