RIMO in MSCI Global Small Cap Indexes. The world’s stock and bond index provider, Morgan Stanley Capital International (MSCI), has again transformed the composition of the MSCI indices. The latest, as of 7 November 2019, MSCI released the November 2019 Semi Annual Index Review for a number of MSCI indices. Included in the composition changes of MSCI Global Standard Indexes and MSCI Global Small Cap Indexes.
In this review, MSCI reviewed a number of stocks listed on the Indonesia Stock Exchange (IDX) located at the MSCI index, both MSCI Global Standard Indexes and MSCI Global Small Cap Indexes. Based on the announcement released by MCSI, for the MSCI Global Standard Indexes, MSCI added two stocks listed on the IDX.
While one of the shares recorded in IDX was issued from the MSCI index and dropped into a resident of the MSCI Global Small Cap Indexes. At MSCI Global Small Cap Indexes, MSCI incorporated six shares in IDX as a new member of the MSCI index. While the four stocks listed on the IDX had to leave the index. One of them is taking the class into a new member of MSCI Global Standard Indexes.
New member of the MSCI index. Two shares in IDX that became a new member of MSCI Global Standard Indexes are the shares of Ace Hardware Indonesia, Tbk (ACES) and XL Axiata, Tbk (EXCL). ACES shares previously became a resident of MSCI Global Small Cap Indexes. While one of the shares issued from the MSCI Global Standard Indexes is Surya Media Citra, Tbk (SCMA) which dropped the class into a member of the MSCI Global Small Cap Indexes.
Six stocks that become new residents of MSCI Global Small Cap Indexes. Include the shares of Erajaya Swasembada, Tbk (ERAA), Indo Tambangraya Megah, Tbk (ITMG), and Indosat, Tbk (ISAT), Rimo International Lestari, Tbk (RIMO), and Selamat Sempurna, Tbk (SMSM). Another new member of the MSCI Global Small Cap Indexes is the SCMA which at the same time was issued from the MSCI Global Standard Indexes.
While the four stocks that were kicked from the MSCI Global Small Cap Indexes. There are the shares of Delta Dunia Makmur, Tbk (DOID), Eagle High Plantations, Tbk (BWPT), and Inti Agri Resources, Tbk (IIKP). Another member of the MSCI Global Small Cap Indexes is ACES. Which, at the same time, rises to new members of the MSCI Global Standard Indexes. Changes to the MSCI index were effective on 26 November 2019.