• 117
  • 9
  • 1

Grab Stock Slid over 3% in Premarket Trading

Tiger Newspress2022-02-11

Grab Stock Slid 3% in Premarket Trading. MSCI will add Singaporean ride hailer Grab and 20 other securities to its flagship global index in a quarterly review.

MSCI will add Singaporean ride hailer Grab and 20 other securities to its flagship global index in a quarterly review.

Eleven securities will be removed from MSCI's ACWI Index, which tracks stocks from 23 developed markets and 25 emerging markets.

The changes will take effect from market close on Feb. 28.

MSCI also made changes to several other indexes, including adding China Mobile to its MSCI China A Onshore Index, which tracks large- and mid-cap stocks listed in Shenzhen and Shanghai.

China Mobile, which is also listed in Hong Kong, raised $7.64 billion in its Shanghai listing last month, China's biggest public share offering in a decade.

Grab debuted on the Nasdaq in December after a $40 billion merger with a special purpose acquisition company.

Other additions to the global index include Irish aircraft leasing company AerCap, which last year said it would buy GE's aircraft leasing unit in a $30 billion deal and U.S. Real Estate Investment Trust Kimco Realty Corp.

The results of MSCI's next index review will be announced on May 12.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment9

  • SPOT_ON
    ·2022-02-14
    Dead cat.bounce
    Reply
    Report
  • erickhoosg
    ·2022-02-11
    List in sg mkt please
    Reply
    Report
  • Ah Chua
    ·2022-02-11
    Wait for $5 
    Reply
    Report
  • 2020TS
    ·2022-02-11
    Run fast
    Reply
    Report
  • WinzWorld
    ·2022-02-11
    Who still dare to touch this stock? 😅
    Reply
    Report
  • OJC
    ·2022-02-11
    Lolol
    Reply
    Report
  • ValuInvestor
    ·2022-02-11
    Laughing stock
    Reply
    Report
  • LamPatrick
    ·2022-02-11
    Funny why China mobile need delist in USA but can be add to msci index
    Reply
    Report
  • DarkFate
    ·2022-02-11
    Like 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial