FTSE ST Basic Materials Index Plummeted 43% Today

FTSE ST Basic Materials Index down 33.54 to 43.70 on 21-Sep-2018.

It caught SGX Observer’s attention that this particular index stands out among the FTSE ST Indices today with the biggest swing. 

The plunge occurred this morning before 10am according to the chart shown at SGX website.  

FTSE ST Basic Materials Index 21-Sep-2018
FTSE ST Basic Materials Index 21-Sep-2018

Further checking shows that this index has only 2 constituent stocks: Halcyon Agri and GEO Energy Resource. 

FTSE ST Basic Materials Index Advancers 21-Sep-2018
FTSE ST Basic Materials Index Advancer 21-Sep-2018
FTSE ST Basic Materials Index Decliner 21-Sep-2018
FTSE ST Basic Materials Index Decliner 21-Sep-2018

Halcyon Agri share price up 7% and Geo Energy Resource down 2.174%…. and this caused the FTSE ST Basic Materials Index to plummet 43%. 🤪

Interesting… 

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