MSCI Index Boots SJM, Wynn Macau from Hong Kong Benchmark

Macau casino operators SJM Holdings and Wynn Macau are leaving the MSCI Hong Kong Index at the end of November.

The index provider made the announcement as part of its recently completed semi-annual index review. SJM and Wynn Macau are the only names leaving the widely followed Hong Kong benchmark, and no new stocks are being added.

The MSCI Hong Kong Index is designed to measure the performance of the large and mid cap segments of the Hong Kong market. With 37 constituents, the index covers approximately 85% of the free-float adjusted market capitalization of the Hong Kong equity universe,” according to the index provider.

MSCI did not give a reason for the removal of either Grand Lisboa operator SJM or Wynn Macau.

More Bad News for Macau Stocks
News of MSCI — one of the world’s largest providers of benchmarks for use by issuers of exchange traded funds (ETFs) and index funds — arrives not long after Macau equities were walloped by fears local authorities are looking to ratchet up regulatory oversight of the gaming industry.

Source: https://www.casino.org/news/sjm-wynn-macau-departing-msci-hong-kong-index/