Seatrium shares slide on news of removal from MSCI index
The Straits Times|May 16, 2024
Seatrium's strategy to raise the investment profile of the company via a share consolidation received a blow on May 15 when the stock fell sharply following its removal from the closely watched MSCI index.
Ven Sreenivasan
Seatrium shares slide on news of removal from MSCI index

Shares of the offshore and marine company were down 21 cents, or 11.7 per cent, at $1.59 on May 15. Volume was heavy with 74.5 million shares changing hands. MSCI also removed City Developments Limited (CDL), Jardine Cycle & Carriage, Mapletree Logistics Trust (MLT) and Mapletree Pan Asia Commercial Trust (Mpact) as Singapore components of its index. All fell for the day CDL by 2.2 per cent to $5.80, Jardine C&C by 4.3 per cent to $26.81, MLT by 3.7 per cent to $1.31 and Mpact by 1.6 per cent to $1.22.

هذه القصة مأخوذة من طبعة May 16, 2024 من The Straits Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 16, 2024 من The Straits Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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