2024-08-15 18:31:01
And while everyone was waiting for MSCI Standard Greece to acquire the 11th member – share, with the eventual addition of Titan Cement, finally took place negative scenario: That is, not adding Titan and removing it Motor Oil.
The result is that MSCI’s main index is now left with the following nine stocks: Ethniki, Eurobank, Piraeus, Metlen, Alpha, OPAP, Jumbo, OTE and PPC.
Nevertheless, the Stock exchange continues to have a higher representation in MSCI compared to the average of previous years. After all, since the summer of 2018, when the third memorandum expired, the number «10» is the maximum, while the current figure of “9” is the second best performance of the 6-year period.
The beginning with “8”
In the summer of 2018, eight shares were included in the MSCI Standard Greece: OTE, OPAP, Alpha, Jumbo, Titan, Piraeus, Ethniki and Eurobank. At the end of August, Motor Oil became the 9th member of the Greek team, although in November followed their deletion Piraeus, Ethnikis and Eurobankas a result of which the year ended with OTE, OPAP, Alpha, Jumbo, Motor Oil and Titan making up Standard Greece.
During 2019, two additions were made to the Greek index, this one Eurobank and her Nationalwhich increased the number of Greek representation to eight stocks (OTE, OPAP, Alpha, Jumbo, Motor Oil, Titan, Eurobank and Ethniki).
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50% off
The coronavirus pandemic and the sinking of the General Index led in May 2020 to a massive deletion of four shares (Alpha, National, Eurobank, Titan). Somehow, the MSCI Standard Greece “ran out” with only 50% of the shares of the previous year (OTE, OPAP, Jumbo, Motor Oil).
2021 was a relatively positive year for the Stock Exchange, as although Motor Oil was excluded, but the additions of Eurobank, Alpha and PPCwhich increased the number of Greek companies from four to six (OTE, OPAP, Jumbo, Eurobank, PPC, Alpha).
A year later, and thanks to the improvement of the capital market, MSCI announced the addition initially of Ethnikis – Metlen and later her Terna Energyexpanding the Greek “parish” to nine stocks (OTE, OPAP, Jumbo, Eurobank, PPC, Alpha, Ethniki, Metlen, Terna Energy).
“10” the good
In February 2023, MSCI Standard Greece acquired and 10th memberthe share of Motor Oil, while in the summer of the same year an addition was made (Piraeus) and a subtraction (Terna Energy), which kept the number of shares unchanged.
Now, from August 30, 2024the MSCI Standard Greece will once again be devoid of Motor Oil, with the hope of the Greek market being placed on a possible addition of Titan in the upcoming November restructuring.
The “9” of MSCI Standard Greece
• National
• Eurobank
• Piraeus
• Methen
• Alpha
• OPAP
• Jumbo
• OTE
• PPC
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(The above is a product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)