Hyundai Engineering & Construction shares surged in early trading on the 23rd. Buying appears to be gathering on analysis that Hyundai Engineering & Construction is highly likely to be added in the February MSCI (Morgan Stanley Capital International) regular rebalancing.
As of 9:33 a.m. that day, Hyundai Engineering & Construction stock was trading at 120,800 won on the KOSPI, up 16.15% (16,800 won) from the previous day.
This is seen as the impact of a securities industry report saying Hyundai Engineering & Construction is highly likely to be included in the February MSCI (Morgan Stanley Capital International) regular rebalancing.
Ko Kyung-beom of Yuanta Securities Korea said, "Reflecting the recent tendency for the review base date to be set earlier, Hyundai Engineering & Construction meets the inclusion requirements on all review base dates except for the 22nd of this month."