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FIVE index counters were all trading lower as at the midday break on Wednesday (May 15), after they were named as constituents to be removed from the MSCI Singapore Index, based on results from the index’s quarterly review released the same day.
According to the MSCI Equity Indexes May 2024 Index Review, names to be removed from the MSCI Singapore Index, effective May 31, 2024, are: Seatrium : 5E2 0%, City Developments : C09 0% (CDL), Jardine Cycle & Carriage : C07 0%, Mapletree Logistics Trust : M44U 0% (MLT), and Mapletree Pan Asia Commercial Trust : N2IU 0% (MPACT).
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 as at 10.13 am. The counter recovered slightly to trade at S$1.61 as at the midday break, down S$0.19 or 10.6 per cent, after 47.6 million securities changed hands.
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