- Hungarian operator Magyar Telekom (MYTAY -2.4%) shares fall after MSCI said it will remove the telco from its emerging-markets index on Nov. 26.
- Local firm KBC Securities estimates investors may sell as many as 17.3M shares (1.7% of shares outstanding) as a result of the removal.
- Investors are also concerned that Magyar may cut its dividend from 50 forint to 20 later this year.
Magyar Telecom falls on MSCI removal
Nov 8 2013, 09:49 ET