[Featured Stock] Ecopro Declines Despite MSCI Inclusion News... Hanmi Semiconductor Rises
EcoPro is showing weakness despite news that it will be included in the Morgan Stanley Capital International (MSCI) Korea Index components.
As of 9:35 a.m. on the 11th, EcoPro was trading at 1,161,000 KRW, down 0.43% from the previous trading day. Hanwha Ocean, which is also being included, traded down 1.61% at 45,700 KRW, and JYP Ent. fell 1.81% to 124,000 KRW. However, at the same time, Hanmi Semiconductor rose 1.28% to 47,400 KRW following the inclusion news.
Global stock index compiler MSCI announced on the 10th (local time) in its August regular review that EcoPro, Hanmi Semiconductor, Hanwha Ocean, and JYP Ent. will be newly included in the Korea Index. The actual index inclusion will be applied at the close of trading on August 31. MSCI selects index components based on total market capitalization and free float market capitalization. Inclusion in the index can be expected to attract inflows from global passive (index-tracking) funds.
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Meanwhile, at the same time, CJ, which is being excluded from the index components, traded down 0.77% to 77,800 KRW, and Emart fell 0.97% to 81,700 KRW compared to the previous trading day.
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