Sembcorp Industries U96 has been added to the MSCI Singapore Index. The index has 22 constituents and covers about 85% of the free float-adjusted market capitalisation of Singapore’s equity universe.
The index is designed to measure the performance of the large- and mid-cap segments of the Singapore market.
The inclusion will take effect on Sept 1.
For the 1HFY2023 ended June 30, Sembcorp reported earnings of $530 million, up 8% y-o-y. Net profit from continuing operations before exceptional items rose 55% y-o-y to $602 million as net profit for Sembcorp’s renewables segment, sustainable solutions, conventional energy and other businesses rose on a y-o-y basis.
Shares in Sembcorp closed 7 cents lower or 1.18% down at $5.87 on Aug 10.
