Quick take: BAT extends slide on MSCI exclusion

  • Stock on the Move
  • Friday, 14 Feb 2020

KUALA LUMPUR: Shares in BRITISH AMERICAN TOBACCO (M) BHD (BAT) extended its fall this morning following exclusion from the MSCI index.

The tobacco company fell 2.07%, or 24 sen to RM11.36, making it the top loser on Bursa Malaysia. It is currently trading at a PE ratio of 7.50 times.

BAT has been removed from the MSCI Global Standard Index, but will be included on the MSCI Global Small Cap Index effective Feb 28.

MSCI Inc said in a statement that Carlsberg Brewery (M) Bhdwill be added to the MSCI Global Standard Index, replacing BAT on the equity gauge after its February 2020 quarterly index review for the MSCI Equity Indexes.

Following its removal, BAT will be added to the MSCI Global Small Cap Index, said MSCI Inc, and that all changes will be implemented as of the close of Feb 28.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

BAT , MSCI , Carlsberg


What do you think of this article?

It is insightful
Not in my interest

Across The Star Online

Life Inspired has a chic new look

2020 is all about change, and Life Inspired did just that with a fresh makeover!

This month, we speak to 3 female icons about empowerment and more - read it for FREE this week.