Jardine C&C: Counter may be affected by the new liquidity rules, released over the weekend by SGX and FTSE Russell.
Under new rules, index stocks must trade at least 0.1% of issued shares, up from 0.05%, based on median daily trade for 10 of 12 months under review. Further, companies already on the STI must trade 0.08%, up from 0.04% previously.
This may mean stocks with typically low turnover, such as Jardine Matheson and Jardine Strategic, may be at risk of being removed from the STI.
The new liquidity rule will be implemented following the Sep review.
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