Well here is a piece on another stock which was dropped off the Index in Manila - so well may have contributed to the fall today. The stock sank 3.9%.
http://www.businessweek.com/news/2012-11-15/manila-electric-drops-most-in-four-months-on-msci-index-removal
Manila Electric Drops Most in Four Months on MSCI Index Removal
Excerpt:
"Investors who track the MSCI Index have no choice but to adjust their holdings accordingly," said George Ching, analyst at Manila-based stock brokerage COL Financial Group Inc.
Trading volume of Manila Electric shares today was about 250 percent of the three-month daily average, data from the stock exchange show.
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http://www.equities.com/news/news-headline-story?dt=2012-11-14&val=713437&d=1&cat=headline
About MSCI Indexes
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics, and governance tools. MSCI is headquartered in New York, with research and commercial offices around the world.
lynas today removed from msci global indice, page-9
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