Business

Morgan Stanley Capital International includes 3 Vietnamese stocks in Frontier Markets Index

Morgan Stanley Capital International (MSCI), a leading global provider of research-based indexes and analytics, has added three Vietnamese stocks to MSCI Frontier Markets Index.
Morgan Stanley Capital International includes 3 Vietnamese stocks in Frontier Markets Index ảnh 1An investor watches stock indices on an e-board. Vietnam currently holds the largest market share in the MSCI Frontier Markets Index. (Photo: VNA)
Hanoi (VNS/VNA) - Morgan Stanley Capital International (MSCI), aleading global provider of research-based indexes and analytics, has addedthree Vietnamese stocks to MSCI Frontier Markets Index.

They are FPT Securities Joint Stock Company (FTS), Nam Kim Group (NKG) and SongDa Urban & Industrial Zone Investment and Development (SJS).

MSCI has recently announced the list for its February review, which includesthe most important index set for the MSCI Frontier Markets Index.

Besides the addition of three Vietnamese stocks, the MSCI Frontier MarketsIndex has also added three Pakistani stocks, one Slovenian stock, one Moroccanstock and one Romanian stock. Conversely, the index removes nine Nigerianstocks and two Omani stocks. After this restructuring, the number of stocks inthe MSCI Frontier Markets Index will decrease to 209.

Vietnam currently holds the largest market share in the MSCI Frontier MarketsIndex. As of January 31, 2024, Vietnam's market share in the MSCI FrontierMarkets Index was 27.12%, followed by Romania (11.5%), Morocco (10%) andothers. Many large funds, hundreds of millions of US dollars in size, allocateinvestments to frontier markets (including Vietnam) based on the MSCI FrontierMarkets Index.

The top 10 largest stocks in the MSCI Frontier Markets Index as of January 31include two Vietnamese stocks, Hoà Phát Group (HPG) (with a weight of 2.84%)and Vinhomes (VHM) (2.27%).

On the other hand, for the less prominent index set, the MSCI Frontier MarketsSmallcaps Indexes, five Vietnamese stocks have been added, includingPetroVietnam Gas JSC (GAS), Hoa An JSC (DHA), Nafoods Group Joint Stock Company(NAF), Van Phat Hung Corporation (VPH), and Vietnam Tanker Joint Stock Company(VTO). Conversely, the index removes Nam Kim Group (NKG), Song Da Urban &Industrial Zone Investment and Development (SJS) and Vietnam Power DevelopmentJoint Stock Company (VPD), in which NKG and SJS were removed to be added to theMSCI Frontier Markets Index.

Vietnam currently holds the largest market share in the MSCI Frontier MarketsSmallcaps Indexes, with a weight of 31.47%. However, there are no notable fundscurrently investing in frontier markets based on this index set.

The changes to the above index sets will take effect from February 29, 2024.The next restructuring will occur on May 14, 2024./.

VNA
#Morgan Stanley Capital International #MSCI #three Vietnamese stocks #MSCI Frontier Markets Index #Vietnam #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Korean investors turn into net buyers of Vietnamese stocks

Korean investors turn into net buyers of Vietnamese stocks

Investors of the Republic of Korea (RoK) were net buyers of stocks in Vietnam, at 9.1 million USD, in the first 11 days of August, over four times higher than the net buying of 2.12 million USD in July, according to the Korea Securities Depository (KSD).

See more

ITM Semiconductor Vietnam Co., Ltd. in VSIP Industrial Park, Tu Son, Bac Ninh has always been given favorable conditions by the locality for production and business. (Photo: VNA)

Bac Ninh exerts efforts to ensure businesses thrive

To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.

Vietnamese Ambassador to Sweden (second, from left) Tran Van Tuan meets with representatives of H&M. (Photo: moit.gov.vn)

H&M, Nordic businesses seek suppliers in Vietnam

The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.

Minister of Industry and Trade Nguyen Hong Dien at the 15th National Assembly’s 9th session on June 17 (Photo: VNA)

Vietnam ramps up efforts against counterfeit goods amidst challenges: Minister

Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.

Illustrative photo (Photo: VNA)

Vietnam Cycle Expo to return to HCM City in August

Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.