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MSCI adds 2 Taiwan stocks to global indexes but removes 7

MSCI adds 2 Taiwan stocks to global indexes but removes 7

Taipei, May 13 (CNA) MSCI Inc., a global index provider, has added two Taiwanese stocks to the MSCI Global Standard Indexes after a semi-annual index review while removing seven others. The two that were added to the MSCI Global Standard Indexes were metal casing supplier Casetek Holdings Ltd. (??) and shoe maker Feng Tay Enterprises Co. (??), MSCI said. Analysts said the inclusion showed the gains posted by the two stocks in recent sessions, while weakness in the seven stocks in recent session forced their removal from the global standard index. The seven are PC maker Clevo Co. (??), Far Eastern Department Stores Ltd. (??), biotech firm ScinoPharm Taiwan Ltd. (??), printed circuit board (PCB) supplier Unimicron Technology Corp. (??), power cable manufacture Walsin Lihwa Corp. (??), property developer Farglory Land Development Co. (??), and Formosa International Hotels Corp. (??). Though they were dropped from the global standard indexes, the seven were added to the MSCI Global Small Cap Indexes, the index provider said. MSCI has also added an additional 10 Taiwanese stocks to its global small cap indexes. The 10 included integrated circuit designer Asmeida Technology Inc. (??), cosmetics brand Chlitina Holding Ltd. (??), contact lens maker Ginko International Co., Ltd. (??), packaging material supplier Green Seal Holding Ltd. (??), and Kung Long Batteries Industrial Co. (??). The others are IC packaging and testing services provider Orient Semiconductor Electronics Corp. (??), PCB maker Gold Circuit Electronics Ltd. (???), TV shopping channel operator momo.com Inc. (???), electronics component maker Senao Networks Inc. (??), and IC packaging and testing firm ShunSin Technology Holdings Ltd. (??). MSCI said it has removed Feng Tay, electrical system maker Shihlin Electric & Engineering Corp. (??), and Southeast Cement Co. (??) from the global small cap indexes. The index adjustments are scheduled to take effect after trading closes on May 29. (By Lo Hsui-wen and Frances Huang)


Updated : 2021-09-18 16:47 GMT+08:00