[Featured Stock] SD Biosensor Shares Rise 9.9%... Impact of MSCI Index Inclusion News
[Asia Economy Reporter Park Jihwan] On the 12th, SD Biosensor's stock price showed a strong performance. The news of its inclusion in the MSCI (Morgan Stanley Capital International) index appears to have had an impact.
According to the Korea Exchange, as of 9:14 AM on the same day, SD Biosensor was trading at 48,800 KRW, up 4,400 KRW (9.91%) compared to the previous trading day. The confirmation of inclusion in the MSCI index is interpreted as having positively influenced investor sentiment. Stocks included in the MSCI index typically attract passive funds that track the index, which generally has a positive effect on stock prices.
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According to Shinhan Financial Investment, as a result of the MSCI semi-annual review, 6 stocks were added and 3 stocks were removed. The stocks included in the MSCI Korea index are Krafton, L&F, F&F, Kakao Games, Iljin Materials, and SD Biosensor. On the other hand, the stocks excluded from the MSCI Korea index are Daewoo Shipbuilding & Marine Engineering, Shinsegae, and Fila Holdings.
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