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Sime Darby Property, S P Setia, Alliance Bank to be dropped from MSCI Global Standard's Malaysia index

KUALA LUMPUR (Nov 8): Sime Darby Property Bhd, S P Setia Bhd and Alliance Bank Malaysia Bhd will be deleted from the MSCI Global Standard Indexes' MSCI Malaysia Index, following MSCI Inc's November 2019 semi-annual index review.

In a statement on Thursday (Nov 7), MSCI said changes in constituents for the MSCI Global Standard Indexes will take place as of the close of Nov 26, 2019.

At Bursa Malaysia today, Sime Darby Property shares were traded unchanged at 73.5 sen at 10:57am, while S P Setia fell two sen or 1.46% to RM1.35.

Alliance Bank dropped eight sen or 2.76% to RM2.82.

There will also be changes in the MSCI Global Small Cap Indexes' MSCI Malaysia Index, whereby Sime Darby Property, S P Setia and Alliance Bank will be added into, following their deletion from the MSCI Global Standard Indexes's Malaysia gauge.

MSCI said nine securities will be added into the MSCI Global Small Cap Indexes' MSCI Malaysia Index, while four securities will be deleted.

MSCI said it will delete Boustead Plantations Bhd, Eastern & Oriental Bhd, Hong Leong Industries Bhd and UOA Development Bhd from the MSCI Global Small Cap Indexes' MSCI Malaysia Index, following its November 2019 semi-annual index review.

Meanwhile, Alliance Bank, Ekovest Bhd, Frontken Corp Bhd, Leong Hup International Bhd, MMC Corp Bhd, Pentamaster Corp Bhd, Sime Darby Property, S P Setia and Syarikat Takaful Malaysia Keluarga Bhd will be added into the MSCI Global Small Cap Indexes' MSCI Malaysia Index.

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