[Featured Stock] Hyundai Heavy Industries Shows Early Strength Following MSCI Inclusion Announcement

[Asia Economy Reporter Myunghwan Lee] Hyundai Heavy Industries is showing strength in early trading on the 2nd. It appears to have had a positive impact on investor sentiment as it was newly included in the Morgan Stanley Capital International (MSCI) Korea Index starting from the previous day.

As of 10:22 AM, Hyundai Heavy Industries is trading at 120,500 KRW, up 1.26% (1,500 KRW) compared to the previous trading day.

On the 13th of last month, MSCI decided during its May semi-annual review to newly include Hyundai Heavy Industries as the sole addition to the Korea Index. Accordingly, Hyundai Heavy Industries was newly included in the MSCI index starting from the 1st.

MSCI selects index constituents based on total market capitalization and free float market capitalization. Inclusion in the index can be expected to attract inflows from global passive funds that track the index.

Huh Yul, a researcher at NH Investment & Securities, predicted, "Since Hyundai Heavy Industries has a small trading volume, passive buying demand relative to the average daily trading volume is expected to be large."

This content was produced with the assistance of AI translation services.