MSCI did not include any changes in its rebalancing for the Greek market on Tuesday.
The MSCI Standard Greece continues to consist of the following eight listed companies: National Bank, Eurobank, Piraeus Bank, Alpha Bank, PPC, OPAP, Jumbo and OTE.
Analysts had anticipated at least one addition to the group of eight, while the more optimistic ones expected two new entrants.
This had triggered a prolonged rally of expectations in certain Athens-listed companies, such as Motor Oil and GEK TERNA, which were considered among the favorites for entry into the main index.
However, as the result shows, MSCI decided not to proceed with any addition, awaiting the public consultation on the upgrade of Greece to Developed Markets.
The relevant process will be completed in mid-March, with MSCI’s decisions being announced on March 31. In case of a positive outcome, the reclassification will take place in the August rebalancing.
Obviously, a possible change in the status of the Stock Exchange will also bring significant modifications to the composition of the MSCI Standard Greece, which will automatically be “promoted” from Emerging to Developed Markets.
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