HD Hyundai Marine Solution and APR have been newly included in the Morgan Stanley Capital International (MSCI) Korea Index, while Orion has been excluded.
On November 5 (local time), global index provider MSCI announced the results of its November regular review and made these adjustments to the Korea Index constituents. The index rebalancing will take place after the market closes on November 24.
MSCI adjusts its index constituents every year in February, May, August, and November through regular reviews, based on total market capitalization and free-float market capitalization.
In February, due to the sluggish domestic stock market, no new stocks were included, and 11 stocks were excluded at once. In May, the number of inclusions and exclusions was the same, with two each. In August, three stocks were added and three were removed.
With this adjustment, the number of stocks included in the MSCI Korea Index has increased by one, from 81 to 82.
The MSCI Index is one of the most influential global indices in the world. It serves as a benchmark for global investors. When a stock is included in the index, global passive funds that track the index flow in. However, when a stock is excluded, capital outflows may occur.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
