4 Thai Stocks Added To MSCI Indices Effective From June 1

The Stock Exchange of Thailand (SET) revealed that MSCI Inc., index provider, would add four Thai stocks as components of its MSCI Global Standard Indices, consisting of HMPRO, INTUCH, MINT and TRUE, effective from June 1.
 
SET President Charamporn Jotikasthira said: “The MSCI review of May 15 showed that these stocks were added to MSCI Global Standard Indices, and none removed. The four stocks are in the SET50 Index, with a combined market capitalization of THB 641 billion (USD 22.10 billion), and are Home Product Center pcl (HMPRO), Shin Corporation pcl (INTUCH), Minor International pcl (MINT), and True Corporation pcl (TRUE). Consequently, there are a total of 26 Thai stocks in the MSCI Global Standard Indices.” 
 
“These additions will encourage foreign investors to add weighting to the Thai stock market and show that Thai listed companies have expanded in terms of size and liquidity. Also, the weight of the Thai stock market in MSCI AC Asia ex-Japan has continuously increased during the past two years,” Charamporn added.        
 
The MSCI indices measure equity market performance. They are well-known among foreign institutional investors, especially for fund managers, who use them as benchmarks to measure Thailand’s equity market. However, there are several types of MSCI indices, divided by region, country, size, sector, etc. MSCI does not include all stocks traded on SET in its indices, but selects based on market cap, liquidity, and the level of tradable stocks for foreign investors.