Stock Exchange: The In and Out of Companies Listed on MSCI
The MSCI is set to announce changes to the main Greek index, which currently comprises eight stocks including National Bank and Eurobank.
Tonight, MSCI is expected to announce its decision regarding the composition of the primary Greek index, which currently consists of eight stocks: National Bank, Eurobank, Piraeus, Alpha, DEI, OPAP, Jumbo, and OTE. The market is considering the possibility of one or two additions to this list, a scenario previously analyzed in another article by Naftemporiki. This announcement is particularly noteworthy as it reflects the ongoing developments in the Greek stock market, especially after the country exited the memorandums in the summer of 2018.
In the summer of 2018, when Greece emerged from its financial bailouts, the MSCI index included nine Greek stocks: OTE, OPAP, Alpha Bank, Jumbo, Titan Cement, Piraeus Bank, National Bank, Eurobank, and Motor Oil. However, circumstances changed in November of that year when Piraeus, National, and Eurobank were removed from the index, reducing the total number to six stocks. This volatility illustrates the dynamic nature of Greeceβs stock representation on the MSCI index, making tonight's announcement significant for investors and market watchers alike as they analyze trends and potential future changes.
The changes in the MSCI index over the past few years showcase the recovery and restructuring of the Greek economy through its stock market. With the recent performances of the listed companies, there is keen interest in how many will be included or excluded in the upcoming index adjustment. The outcome could affect both investor sentiment and the financial health of the respective companies, marking a pivotal moment in Greece's financial landscape.