Spark’s MSCI World Index slot in doubt as share price falls

Spark’s share price has fallen by nearly a third in a month. (Image: NZME)

Thu, 26 Sep 2024

Telecommunications provider Spark risks falling out of a key index used by managed funds to allocate stocks to their global portfolios.With a reset of the MSCI World Index scheduled for calculation on Nov 6, investment analysts are anticipating that Spark may give way to Infratil as one of only five New Zealand-listed stocks in the index.Spark declined requests for comment from its communications or investor relations team on the fact Spark shares have lost some 30% of their value since the stock’s most recent high point, at $4.41 on Aug...

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