What happened?
MSCI announced the outcome of their semi-annual review for the MSCI Singapore Index. This will result in Mapletree Logistics Trust (MLT) being added to the index on May 29 while the following 4 stocks will be removed
  1. ComfortDelgro (CDG)
  2. SATS
  3. SPH
  4. Sembcorp Industries (SCI)
There was also a change in the MSCI Singapore small caps index as the following stocks were added
  2. Ascendas India Trust
  3. Cromwell European REIT
  4. Keppel Pacific Oak REIT
  5. Lendlease Global REIT
What is the MSCI Singapore?
It is another index just like the STI to track the performance of the broader (large and mid cap) market of the Singapore stock exchange. As of Apr20 it had 25 constituents and represents about 85% of the whole market’s free-float adjusted market cap. Although the constituents are not fully readily available, readers may wish to compare the Top 10 snapshot provided by MSCI with my previous post on the expected change in the STI where I also