[Featured Stock] EcoProMati Surges Over 10% on MSCI Inclusion

EcoProMati is soaring on its inclusion in the MSCI Korea Index.

As of 9:52 AM on the 13th, EcoProMati was trading at 189,800 KRW, up 17,900 KRW (10.41%) from the previous close.

On this day, MSCI announced in its February regular review that EcoProMati and Hanjin Kal would be newly included in the Korea Index. Meanwhile, five stocks including F&F, Hotel Shilla, Hyundai Mipo Dockyard, JYP Ent., and Pearl Abyss will be excluded. The index effective date is the 1st of next month, and passive funds tracking the MSCI index are expected to make stock replacements near the closing price at the end of this month.

MSCI selects index constituents based on total market capitalization and free float market capitalization. Inclusion in the index can lead to inflows of global passive (index-tracking) funds. Songcheol Kang, a researcher at Eugene Investment & Securities, said, "The passive buying demand due to index inclusion is estimated at 110 billion KRW for EcoProMati and 115 billion KRW for Hanjin Kal."