MSCI has raised weight of GULF, expecting a fund flow to increase by 855 million baht, also ranked GULF as one of the highest transaction stocks in the emerging market. On the other hand, MSCI is set to weigh down the SET index by 0.01% in the upcoming MSCI Rebalance on February 25, 2021.
Capital Nomura Securities (CNS) stated that MSCI on February 10, 2021, has increased the weight of China and India in the MSCI Emerging Markets Index by 0.29% (US$1.065 billion) and 0.06% (US$203), respectively, and maintain the same weight of Indonesia and Pakistan.
Meanwhile, in other emerging markets including Thailand, Taiwan and the Republic of Korea, the weight has been weighed down. MSCI cut the weight of Thailand, Taiwan and Republic of Korea by 0.01% (US$ 41 million or equivalent to ฿1.2 billion), 0.11% (US$412 million) and 0.13% (US$457 million), respectively.
However, in the latest MSCI Thailand, there were neither stocks listing nor delisting on the index, only the revised up on GULF’s weight. MSCI expects a GULF’s fund flow to increase by 28.5 million dollar or equivalent to 855 million baht, ranking as one of the emerging market top buys.