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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

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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.

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