[Featured Stock] Hyundai Heavy Industries Rises on Potential Inclusion in May MSCI Index
[Asia Economy Reporter Hwang Yoon-joo] Hyundai Heavy Industries is showing an upward trend amid expectations that it may be newly included in the MSCI index regular review scheduled for May.
As of 10 a.m. on the 28th, Hyundai Heavy Industries is trading at 121,000 KRW, up 2.98% (3,500 KRW) compared to the previous trading day. Individual investors are driving the stock price by net buying 341.9 billion KRW.
Yuanta Securities forecasted that Hyundai Heavy Industries and KT will be included in the MSCI regular review in May. They expect a net inflow of 153 billion KRW into Hyundai Heavy Industries and 161.3 billion KRW into KT.
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Yuanta Securities analyzed that even if the inclusion fails due to the foreign ownership ratio rising by the end of this month, it would still be positive for the stock price. This is because foreign investors are net buying more than 113.2 billion KRW over six trading days, indicating no significant difference in terms of capital inflow.
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