[Featured Stock] Hanjin Kal Excluded from MSCI Index Inclusion... Drops Over 8%
[Asia Economy Reporter Oh Ju-yeon] Hanjin Kal, which had raised expectations for inclusion in the Morgan Stanley Capital International (MSCI) Korea Index constituent stocks, saw its stock price plunge more than 8% after being ultimately excluded.
On the 13th, as of 11:18 a.m., Hanjin Kal was trading at 84,100 KRW, down 8.09% from the previous trading day.
Hanjin Kal's stock price had been on the rise this month. It increased 10.64% from 82,700 KRW on the 4th to 91,500 KRW on the 12th, but gave up much of the gains following the news of exclusion from the MSCI index on that day.
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Along with this, other stocks excluded from the MSCI index such as OCI (-1.82%), Medytox (-4.07%), HDC Hyundai Development Company (-3.38%), KCC (-1.35%), and Hanwha Life Insurance (-1.22%) also declined.
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