JKH to move out of MSCI
View(s):John Keells Holdings (JKH) is likely to be removed from the MSCI Frontier Markets 100 Index, which captures large- and mid-cap shares across 29 frontier markets, sources said.
This will be done as part of the May 2018 Semi-Annual Index Review (SAIR) as the company failed to meet the minimum liquidity requirement. At the time of the SAIR, JKH was below the required amount. The Colombo Stock Exchange (CSE) is yet to receive a response on this from the MSCI, CSE sources said. They said that MSCI has responded on other matters, but hasn’t still come back to them on John Keells. They added that it’s likely this stock will be removed from MSCI.
(DEC)