KBANK-BBL Parade to FTSE Large Cap Index, while JMART Enters Small Cap Index

KBANK and BBL parade to FTSE Large Cap Index, while JMART enters the Small Cap Index.

Finansia Syrus Securities (FSS) stated Kasikornbank Public Company Limited (KBANK) and Bangkok Bank Public Company Limited (BBL) will be included to the FTSE Large Cap Index on September 20, 2021, while KBANK-F, KBANK-NVDR, BBL-F, BBL-NVDR, BJC, AWS and DIF will be removed from the index.

Meanwhile, BJC, AWC and DIF are expected to enter the Mid-Cap Index, while STARK and JMART are expected to be included in the Small Cap Index.

For the Micro Cap Index, the stocks that will be included are SAK, XPG, PRM, OISHI, BYD, CHAYO, SABUY, INOX, 7UP, DUSIT, MICRO, KISS, ETC, JKN, BRR, AS, SKN, SITHAI, IRC, FSS, AGE, NWR, CWT, MDX, CSS, PROSPECT and SVOA. 

RBF, JMART, DCC, SF, SAWAD, SPRIME, MJLF, BIG, GRAND, SCP, and AIMCG, on the other hand, will be delisted from the index.

Capital Nomura Securities (CNS) recommends a “BUY” rating on stocks that will be included in the upcoming FTSE All World Index rebalance, such as KBANK and BBL. CNS anticipates significant pre-closing buying pressure from Passive Fund.