Its accession GENTER in the MSCI Greece Index for emerging markets the house decided during the quarterly review of the indicators.
Moreover, the restructuring of the indicators did not result in any departure from the index.
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Thus, the shares included in the MSCI Greece Index are now nine: The four systemic banks, OTE, PPC, Allwyn, Jumbo and GEK TERNA.
Small cap Greece removes GEK TERNA and adds CrediaBank. Its share is also leaving Cenergy.
GEK TERNA last week received an investment grade from two very serious houses, attended by all foreign investors, Moody’s and S&P as a result of its dominant position in concession projects and access to repeated fixed revenues. The passive funds following this indicator are expected to be placed in the share causing inputs from the rebalancing to take place at the end of the month (29 May), and will enter into force at the first meeting in June.
The company did not make an early change in the weighting of the index in order to upgrade the Greek stock market from emerging to a developed market, so the risk of outflows from the securities involved in the index was removed.
The announcement of changes to Greece Standard:
The announcement of changes to Greece Small Cap:
More generally, 49 shares will be added to MSCI Global Standard and 101 shares will be deleted. The three largest additions to the MSCI World index, based on the total stock value of the companies, will be Medline A (US), MasTec (USA) and TechnipFMC (USA). The three largest additions to the MSCI Emerging Markets index, based on the total stock value of the companies, will be Itau Unibanco On (Brazil), Yangtze Optical Fibre and Cable Joint Stock Limited Company A (HK-C) (China) and Sichuan Biokin Pharmaceutical A (HK-C) (China).
There will also be 246 additions and 195 deletions from the MSCI ACWI Small Cap index.
Finally there will be 208 additions and 209 deletions from the MSCI ACWI Investable Market Index (IMI).
