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CityDev shares hit by news of removal from an index

Saturday, June 6, 2015 - 05:50

Singapore

PROPERTY and hotel conglomerate City Developments (CDL) on Friday saw its stock fall as much as 5.4 per cent on news of its impending removal from the FTSE EPRA NAREIT Global Developed index, due to its not meeting the index's income criterion.

The stock ended off its low

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