MSCI removes two Adani cos from its key global indexes; no changes to Egypt stocks, others

New York, May 11, MSCI index provider said on Thursday the second Adani group companies will not be eligible to its global indices, while 86 securities will be added and 39 removed from the widely followed MSCI ACWI stock index, as part of the quarterly review of the index.

Take me back to Total Gas And Bring me back the transmission It will not be eligible for inclusion in the MSCI Global Investable Market Indexes.

MSCI said earlier this week that it would apply “special treatment” to Egyptian securities included in its indices after investor feedback about declining foreign currency liquidity in the country, meaning it would not “implement any changes as part of upcoming index revisions.”

On Thursday, it said there would be no changes in this review of securities from Bangladesh, Kenya, Nigeria and Sri Lanka.

The largest additions to the MSCI ACWI stock index will be US companies Builders Firstsource, Lattice Semiconductor and Deckers Outdoor Corp.

Latest additions

The three largest additions to the Emerging Markets Index will be the Beijing and Shanghai high-speed railway, Jinko Solar, and Xinjiang Dakou New Energy.

MSCI confirmed last week that it will reduce the free float of two Indian stocksDanny group of companiesAdani Total Gas and Bring me back the transmission. On Thursday, it said it would no longer be eligible for inclusion in the MSCI Global Indices of Investment Markets.

MSCI also said that Societatea Nationala Nuclearaelectrica, Orange Cote D’Ivoire and Sodep Marsa Maroc will be added to the frontier markets index.

MSCI said the changes will be effective from May 31.