The Business Times
business-time-50

Seatrium, CDL, Jardine C&C mauled after being booted out of MSCI Singapore index

Seatrium and Mapletree Logistics Trust are among the most actively traded in terms of volume

Megan Cheah
Michelle Zhu

Megan Cheah &

Michelle Zhu

Published Wed, May 15, 2024 · 10:45 AM
    • Seatrium posted the steepest drop in share price in terms of percentage, falling 11.1 per cent or S$0.20 to S$1.60 in morning trade.
    • Seatrium posted the steepest drop in share price in terms of percentage, falling 11.1 per cent or S$0.20 to S$1.60 in morning trade. PHOTO: BT FILE

    MARKET watchers were divided after the MSCI Equity Indexes’ May 2024 quarterly review on Wednesday (May 15) saw the removal of five heavyweight counters from the MSCI Singapore Index.

    The shares of the five Singapore companies – Seatrium , City Developments Ltd (CDL), Jardine Cycle & Carriage , Mapletree Logistics Trust (MLT), and Mapletree Pan Asia Commercial Trust (MPACT) – fell on news that they would be excluded from the index, effective May 31, 2024.

    MSCI reviews its indexes to reflect moves in market value of constituents, among other factors.

    Hot Stockseatrium

    TRENDING NOW

    Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

    Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

    Should it trail its peers in performance, UOB may find it harder to attract and retain talent, and invest adequately in AI, technology and risk-management capabilities.

    Looking beyond looming CEO succession, should UOB potentially pursue a transformative merger?

    The divergence between stablecoin legislation in the US and Europe is striking, reflecting broader debates about monetary sovereignty and financial stability.

    Could stablecoins be the future of money?

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More