Nov 12, 2010

Charoen & Kalbe enter MSCI Index

Two stocks of PT Charoen Pokphand Tbk (CPIN) and PT Kalbe Farma Tbk (KLBF) yesterday had been added into MSCI Index.
In an investor digest published by Mandiri Sekuritas, following two stocks addition, there is no deletions in MSCI and 1 weighting increase.
These enter (CPIN and KLBF) each with a 0.04% of the MSCI EM index.
"We estimate fund flows of US$70.8 million and US$76.7 million to Charoen and Kalbe Farma respectively. This is estimated as 12.8 and 8.8 days average trading volume respectively," said the digest.
The weighting of coal miner PT Indo Tambangraya Megah Tbk (ITMG) has been increased marginally to 0.06%, estimating additional funds flow of US$14.8 million to ITMG. This is estimated as 2.0 trading days volume.
All three stocks impacted should be strong in the market today. All changes are effective on the 1st December 2010.
The new weightings are as follows:
Stocks                          Weightings
Astra International              0.34
Bank Central Asia              0.25   
Telekomunikasi Indonesia   0.24
Bank Rakyat Indonesia       0.20
Bank Mandiri                     0.15
Perusahaan Gas Negara     0.14
Bumi Resources                 0.12
United Tractors                  0.11
Semen Gresik                     0.08
Gudang Garam                   0.08
Indocement                        0.07
Unilever Indonesia              0.07.
Adaro Energy                     0.07
Indofood Sukses Makmur  0.07
Indo Tambangraya Megah  0.06
Bank Danamon                  0.06
Batubara Bukit Asam         0.06   
Bank Negara Indonesia      0.04
Kalbe Farma                      0.04
Charoen Pokhpand            0.04
International Nickel            0.03
Astra Agro Lestari             0.03
Aneka Tambang                0.03
Indosat                              0.02
Total                                 2.39.

Disclosure: No position at the stock mentioned above. 

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