Investors Are Lukewarm on MSCI Index Chinese Additions
Tang Shihua
/SOURCE : yicai

(Yicai Global) Feb. 12 -- Investors in China's A share market gave a cool reception to the new members of the MSCI indexes, as their relatively weak buying of these equities this morning shows.
 

The stocks of the four new additions to the MSCI China A Onshore Indexes were traded mixed, with some gave up certain early gains this morning. New York-based hedge-fund indexer MSCI announced overnight that several  more local market securities will be added to its index investment  portfolios starting next month.
 

At lunch break, state-backed aluminum giant Aluminum Corp. of China [SHA:601600] traded at CNY3.70 in a rise of 0.54 percent from its previous close, after opening up more than 1 percent. China (Shanghai) Pilot Free Trade Zone-based financial holding company SDIC Capital [SHA:600061] changed hands for 9.75 yuan, up 2.85 percent, Zhejiang province-based Caitong Securities [SHA:601108] climbed 1.57 percent. Compound fertilizer maker Kingenta Ecological Engineering Group [SHE:002470] slipped 3.31 percent.
 

Foxconn Industrial Internet [SHA:601138], which is to be added to the MSCI Emerging Markets Index, sold for CNY12.56, up 3.37 percent.
 

Elsewhere in the Hong Kong market, Meituan Dianping [HK:3690] was down 2.88 percent, after opening more than 2 percent up, and Xiaomi [HK:1810] was up 0.75 percent following a start over 3 percent higher.
 

The two internet companies are to be added to the MSCI Emerging Markets Index, per the announcement.


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Keywords: Stock Market , MSCI Index