MSCI reclassifies stock indexes, adds Twitter to world index

NEW YORK Thu May 15, 2014 5:22am IST

The Twitter logo is pictured at its headquarters on Market Street in San Francisco, California April 29, 2014. REUTERS/Robert Galbraith/Files

The Twitter logo is pictured at its headquarters on Market Street in San Francisco, California April 29, 2014.

Credit: Reuters/Robert Galbraith/Files

Related Topics

Stocks

   
A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

NEW YORK (Reuters) - Equity index provider MSCI reclassified equities across a broad spectrum of markets on Wednesday as part of its semi-annual review, adding among others U.S. social networking company Twitter Inc TWTR.N to its world index.

It reclassified Qatar and United Arab Emirates to emerging market from frontier-market status as expected. Qatar will have a 0.47 percent weighting in the MSCI Emerging Market index .MSCIEF, while UAE will have 0.58 percent.

About $8 trillion is benchmarked to MSCI indexes. The emerging markets index .MSCIEF is up 2.9 percent so far this year, while the all world index has risen 2.1 percent.

Twitter is one of the biggest additions to the MSCI All World index .MIWD00000PUS, which will add 58 companies and eliminate 45 at the end of May.

MSCI added 10 Qatar companies and nine UAE companies to the all world index and to the emerging markets index.

Qatar National Bank SAQ QNBK.QA, Industries Qatar QSC IQCD.QA and National Bank of Abu Dhabi PJSC NBAD.AD will be the biggest additions to the emerging market index.

The MSCI China A index will get Shanghai Raas Blood Products Co Ltd 002252.SZ, Shanghai Waigaoqiao Free Trade Zone Development Co Ltd 600648.SS and Dongxu Optoelectronic Technology Co Ltd 000413.SZ.

In all, 13 securities will be added to the MSCI China A Index, while 33 will be deleted.

Thirteen securities will be added to the MSCI Frontier Markets Index and 30 will be deleted. Two of the largest additions will be from Pakistan - Pakistan Tobacco Company Ltd PAKT.KA and K-Electric Ltd KELE.KA.

All changes will be implemented as of the close on May 30.

(Reporting by Caroline Valetkevitch. Editing by Andre Grenon)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Market Eye

REUTERS SHOWCASE

Coal Block Allocation

Coal Block Allocation

Government urges Supreme Court to not cancel some 'illegal' coal mines  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit  Full Article 

HSBC PMI

HSBC PMI

Factory activity expands at slower clip in August.  Full Article 

Market Outlook

Market Outlook

Indian shares headed for correction, but outlook strong - BofA Merrill.  Full Article 

India Infrastructure

India Infrastructure

RBI rule handicaps India's infrastructure hopes  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past  Full Article 

China Economy

China Economy

Retreat in China's PMIs heightens calls for policy easing.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage