KUALA LUMPUR (Nov 14): QL Resources Bhd was added to the MSCI Global Standard Indexes in the latest review, while Astro Malaysia Holdings Bhd, FGV Holdings Bhd, My EG Services Bhd (MyEG) and UMW Holdings Bhd were removed from the list.
Following the exercise, QL Resources rose 1.26% or 9 sen to RM7.24 with 1.75 million shares traded, while Astro gained 1.71% or 2 sen to RM1.19 at 10.43am.
However, FGV fell 3.73% or 5 sen to RM1.29, MyEG lost 4.76% or 6 sen to RM1.20 and UMW dipped 1.06% or 5 sen to RM4.67.
Meanwhile, under the MSCI Global Small Cap Indexes, the additions were Aeon Co (M) Bhd, FGV Holdings Bhd, Hibiscus Petroleum Bhd, MyEG and UMW Holdings.
The deletions were 7-Eleven Malaysia Holdings Bhd, AirAsia X Bhd, Axis REIT, Datasonic Group Bhd, Ekovest Bhd, George Kent (M) Bhd, Pestech International Bhd, QL Resources, Syarikat Takaful Malaysia Keluarga Bhd and Ta Ann Holdings Bhd.
MSCI Inc yesterday announced the results of the November 2018 Semi-Annual Index Review for the MSCI Equity Indexes — including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI Pan-Euro and MSCI Euro Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Indexes, and the MSCI China All Shares Indexes.
All changes will be implemented as of the close of Nov 30, 2018.
MSCI said 48 securities will be added to and 66 securities will be deleted from the MSCI ACWI.
It said in the MSCI World Index, the three largest additions measured by full company market capitalisation will be Verbund A (Austria), Wellcare Health Plans (US) and KKR & Co (US).
MSCI said the three largest additions to the MSCI Emerging Markets Index measured by full company market capitalisation will be S F Holding Co A (Hk-C) (China), 360 Security Technology A (Hk-C) (China) and China Shipbuilding Industry Corporation A (Hk-C) (China).
The 2018 changes to the Global Industry Classification Standard will be implemented in the MSCI Equity Indexes as part of the 2018 Semi-Annual Index Review.
Following the changes, among others, the Telecommunication Services Sector will be broadened and renamed as Communication Services to include certain companies currently classified in the Consumer Discretionary Sector such as Comcast (US) and Netflix (US), as well as certain companies currently classified in the Information Technology Sector, including Alphabet (US) and Facebook (US).