BNI to join MSCI indices<\/p>\n
HONG KONG (Reuter): PT Bank Negara Indonesia (BNI) will join
\nthe Morgan Stanley Capital Index roster of companies at the
\nregular reshuffle planned for May 30, an MSCI spokesman said on
\nThursday.<\/p>\n
\"Bank Negara Indonesia is not in the index right now but it
\nwill be included with the new announcements made at the end of
\nnext month,\" said Gordon Chen at the MSCI.<\/p>\n
BNI will join all MSCI indices that include Indonesia, but the
\nmost important index in many ways is the All Country Far East
\nFree ex-Japan, Chen said.<\/p>\n
BNI's inclusion is not expected to have much effect upon
\nIndonesia's weighting within the indices.<\/p>\n
\"It's all determined by price but I don't think the impact
\nwill be that great at this point,\" Chen said.<\/p>\n
BNI's inclusion could force fund managers who use the MSCI as
\na benchmark to buy stock to match their index weighting, creating
\ndemand for one of Jakarta's biggest stocks.<\/p>\n
BNI will join the index at the close May 30 and start to trade
\non June 2, he said.<\/p>\n
BNI was trading up 74 rupiah at 1425 rupiah on Thursday.<\/p>\n
Several Indonesian companies toll road operator Citra Marga
\nNusaphala and business group Bimantara Citra are also included in
\nthe new MSCI index.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bni-to-join-msci-indices-1447893297",
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