Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Gudang, SK C&C, China Life Surge on MSCI Inclusion

Gudang Garam, Indonesia’s second-largest cigarette maker, and SK C&C Co., rose to a record while China Life Insurance Co. climbed in Taiwan after MSCI Inc. said the companies will be added to its benchmark indexes.

Gudang Garam surged 11 percent to a record 31,400 rupiah in Jakarta trading. SK C&C, a computer services provider, added 3.9 percent to 72,700 won at the close on the Korea Exchange. China Life jumped 5.7 percent to NT$26, the biggest advance since March 24.

New York-based MSCI, which announced semi-annual changes to its gauges yesterday, estimates more than $3 trillion of funds are benchmarked against its indexes globally. Changes to indexes can alter share prices as passively managed funds buy and sell stocks to mirror the benchmark indexes.

“This will open up a new group of investments with passive funds,” which will benefit these stocks, said Geoffrey Ng, who manages $1 billion as chief executive officer at HLG Asset Management Sdn. in Kuala Lumpur today.

South Korea, China and India had the largest number of inclusions to the MSCI Global Standard Indices in Asia, with three each, while Thailand had three companies removed, including Land & Houses Pcl, the country’s biggest home builder by market value, and Total Access Communication Pcl, the nation’s second-biggest mobile-phone company. The changes will take effect May 26.

Gudang Garam

The MSCI Global Standard Indices will have 42 securities added and 45 stocks deleted. The three largest additions to the MSCI Emerging Market Index are Indonesia’s PT Gudang Garam, Lee & Man Paper Manufacturing Ltd., which is listed on the Hong Kong exchange, and Rural Electrification Corp. in India.

China Life and Ruentex Development Co. advanced in Taipei trading after MSCI Inc. said they will be included in the MSCI Taiwan Index. Ruentex, a textile maker, climbed 3.2 percent to NT$49.10

In India, Rural Electrification, a state-owned lender for power projects, Adani Enterprises Ltd., a textile, energy and metal trader, and Piramal Healthcare Ltd. were included in the MSCI India Index, according to MSCI.

Among stocks slated for removal from the MSCI indexes, KLCC Property Holdings Bhd., owner of the Petronas Twin Towers in Kuala Lumpur, dropped 0.6 percent to 3.25 ringgit, its steepest decline since April 29. IGB Corp., a Malaysian property developer, lost 1.1 percent to 1.75 ringgit.

Total Access Communication fell 2.1 percent to 34.25 baht, headed for its largest decline since April 19, after MSCI said the stock will be dropped from its benchmark index for Thailand.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.