MSCI Frontier Markets Index Adds NLG and PNJ, Removes DIG, FTS and PC1
MSCI has added Vietnamese stocks NLG and PNJ to its Frontier Markets Index and removed DIG, FTS and PC1, which will enter its Small Cap Index. The changes take effect after the market closes on November 30. Vietnam held a 31.25% weight in the Frontier Markets Index as of October 30.
MSCI has announced the results of its fourth-quarter Frontier Markets Index review, adding 12 stocks and removing 10. In Vietnam, NLG of CTCP Đầu tư Nam Long and PNJ of CTCP Vàng bạc Đá quý Phú Nhuận will be added; DIG of DIC Group, FTS of FPTS and PC1 of Tập đoàn PC1 will be removed. The changes were determined using data from October 20 and will take effect after the market closes on November 30.
DIG, FTS and PC1 will also be added to the MSCI Frontier Markets Small Cap Index. In its November review, that index will add a total of seven Vietnamese stocks and remove six. According to MSCI data, the Frontier Markets Index had 246 constituents as of October 30; based on the announced additions and removals, it will have 248 after the changes take effect.
As of October 30, Vietnam had a 31.25% weight in the MSCI Frontier Markets Index, the highest among 28 frontier markets. Romania ranked second at 13.7%. Vietnam’s weight had risen by more than 2 percentage points from 29.12% at the end of July. Among the index’s 10 largest constituents by weight at the same time, Vietnamese stock VIC ranked first at 10.65%, while VHM ranked seventh at 2.03%.
Market weights in the MSCI Frontier Markets Index at the end of October. Source: MSCI.（VietVance）
By sector, financials accounted for 36.14% of the index at the end of October, real estate for 15.53% and energy for 10.85%. At the same time, Vietnam’s weight in the MSCI Frontier Markets Small Cap Index was 24.28%, also the highest among the markets, ahead of Bangladesh at 14.73% and Pakistan at 9.36%.
Source: VietVance
