Nam A Bank's NAB shares are one of two stocks included in the MSCI Frontier Market Index basket.
Specifically, the US Morgan Stanley Capital International (MSCI) has announced the results of its periodic review of the MSCI Frontier Market Index. According to the announcement, the index has added two Vietnamese stocks, NAB and BWE.
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| NAB shares included in MSCI basket |
This is a regular review, conducted every three months by market classification and rating organizations such as MSCI and FTSE. This process ensures that the indexes always accurately reflect market conditions, with data reviewed every three to six months.
The criteria for being selected into the MSCI Frontier Markets Index basket include market capitalization, free-float adjusted capitalization, trading liquidity, remaining foreign ownership ratio, minimum trading time, etc. According to BSC Securities Company, NAB being added to the MSCI Frontier Market Index is a positive signal.
This shows that interest in the Vietnamese market is increasing, opening up opportunities for foreign funds to invest in the Vietnamese market in addition to popular indexes such as VN30, Diamond, Finlead, FinSelect, FTSE Vietnam, FTSE Vietnam 30, or MarketVector Vietnam Local Index.
Specifically, being included in the MSCI Frontier Markets Index basket will help NAB increase its ability to attract more foreign capital, including from active funds and exchange-traded funds (ETFs) when focusing on buying and selling fund certificates based on stocks in this index basket.
In addition, once included in the MSCI Frontier Markets Index, in case Vietnam is upgraded from a frontier market to an emerging market, NAB will be among the first group of stocks to be considered for increased weighting in the emerging market index baskets.
The international organization MSCI recognized as a testament to Nam A Bank's efforts in sustainable, safe and effective development. Nam A Bank is committed to continuously striving to become a safe and effective investment destination for investors, contributing positively to the overall development of the Vietnamese financial market.
MSCI Frontier Markets Index is currently the most important index in MSCI's frontier market indexes as there are many active funds with hundreds of millions of USD in scale using this index as a standard, such as Schroder International Selection Fund, Templeton Frontier Markets Fund, Morgan Stanley Institutionam Fund, Magna Umbrella Fund...
Nam A Bank's pre-tax profit in the first 6 months of 2024 reached VND 2,217 billion, an increase of 45.4% over the same period in 2023, completing 55.4% of the 2024 plan. As of June 30, 2024, Nam A Bank's total assets reached more than VND 228,000 billion, an increase of 14.3% over the same period in 2023, completing 98.7% of the 2024 plan.
Capital mobilized from residents and economic organizations grew well, reaching nearly 173,000 billion VND, an increase of more than 9.4% over the same period in 2023, completing 97.1% of the 2024 plan; outstanding loans to customers grew in line with the credit growth limit licensed by the State Bank, reaching nearly 157,000 billion VND, an increase of 21.2% over the same period in 2023...
Notably, this is the second consecutive quarter that Nam A Bank has recorded a profit of more than VND 1,000 billion/quarter. Of which, net interest income increased by VND 834 billion, equivalent to an increase of 27% compared to the same period in 2023.
Source: https://baodautu.vn/co-phieu-nab-duoc-dua-vao-ro-chi-so-msci-d222364.html
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