$Seatrium Ltd (5E2.SG)$ Seatrium fell because it was dropped...
Seatrium fell because it was dropped from the MSCI Singapore index.
MSCI has announced changes in constituents for the MSCI Global Standard Indexes, which will take place as of the close of May 31, 2024.
The news isn't good for Singapore with five deletions, which include Seatrium, City Developments Limited (CDL), Jardine C&C , Mapletree Logistics Trust , Mapletree Pan Asia Commercial Trust.
By end-May, only 16 SGX-listed stocks will remain in the MSCI Singapore section. "The overall allocation to the Singapore market by index funds (or any funds) may drop," gripes a market watcher.
Funds that track the MSCI Singapore index may remove the stocks from their portfolios by selling.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moo Contributor
Follow me to get useful analysis, learn TA and make profitable trades.
Maximise profit 利润最大化
6768Followers
59Following
24KVisitors
Follow
jusgod : Probably it's time to do bottom fishing
bullrider_21OP jusgod: It may fall further.
jusgod bullrider_21OP: My guess is 1.5 will be it's bottom. This stock is for short term trading....
Blue Eyed Boy : at this rate of decline could even be 132-138 bottom
AnaiAnai : Bad news. No wonder dumped by FM.
101572862 : thanks for the detail explanation
bullrider_21OP jusgod: Agree it's for short term trading.
bullrider_21OP 101572862: eg.
103132300 : Hello.. No news also drop.. News also drop.. Nothing to do with MSCI.. Dropping is usual for this shitty la.. Lol