Prices of BANPU and BJC Dip as Investors Offload Shares ahead of MSCI Rebalance

The share price of BANPU and BJC dropped in the morning session on Monday as investors were offloading shares in both stocks ahead of MSCI rebalance in concerns of deletion from the index.

As of 11:48 BKK time on February 12, 2024, the share price of BANPU Public Company Limited (SET: BANPU) fell THB0.15 or 2.46% to THB5.95 per share, while Berli Jucker Public Company Limited (SET: BJC) dropped THB0.40 or 1.61% to THB24.50 per share.


UOB Kay Hian Securities stated that the announcement of upcoming MSCI rebalance tomorrow could exclude BANPU and BJC from the index.


Last month, Krungsri Capital Securities also said that BANPU and BJC are the two stocks with high probability to be removed from MSCI Global Standard Indexes in the next MSCI Rebalance on 12  February 2024, while OSP is the stock with moderate risk to be removed.

The MSCI Rebalance will be announced on 12 February 2024 (night time in Thailand) and will take effect on 1 March 2024, based on the closing price on 29 February 2024.