KUALA LUMPUR (Feb 13): British American Tobacco (M) Bhd (BAT) will be removed from the MSCI Global Standard Index while Carlsberg Brewery Malaysia Bhd will be added to the equity gauge following the February 2020 quarterly index review for the MSCI Equity Indexes.
MSCI Inc said in a statement on Wednesday (Feb 12) that all changes will be implemented as of the close of Feb 28.
Following BAT's removal from the MSCI Global Standard Index, MSCI said BAT will be added to the MSCI Global Small Cap Index.
MSCI said Carlsberg and Kerjaya Prospek Group Bhd will be removed from the MSCI Global Small Cap Index.
At Bursa Malaysia today, Carlsberg shares topped gainers while BAT was the leading decliner after the MSCI announcement.
At 11:30am, Carlsberg's share price rose RM2.86 or 8.56% to RM36.26 for a market capitalisation of RM11.09 billion. BAT fell 58 sen or 4.71% to RM11.74 for a market value of RM3.35 billion.