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UPDATE 1-MSCI adds companies to its stock indexes

Wed Nov 11, 2009 7:05pm EST

Stocks

   

(Adds names of other companies included in the indexes)

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NEW YORK, Nov 11 (Reuters) - MSCI on Wednesday announced a series of changes to its equity indexes as part of its semi-annual review.

The provider of benchmark stock indexes said it is adding 48 securities and deleting 38 stocks from its Global Standard Indices.

The three largest additions to the world index .MIWD00000PUS are U.S. insurer Genwort Financial A (GNW.N), British satellite communications firm Inmarsat (ISA.L), and Canadian oil and natural gas exploration company Petrobank Energy & Resources (PBG.TO), the firm said in a statement.

The emerging market stock index .MSCIEF will take on Brazilian home builder PDG Realty (PDGR3.SA) and retailer Lojas Renner (LREN3.SA), as well as Chinese packaging company Nine Dragons Paper (2689.HK).

There will also be nine additions and 18 deletions from the MSCI frontier market indexes, the company said. The three largest additions to that index were Kuwait's Gulf Cable & Elect Ind (CABL.KW), Vodafone Qatar VFQS.QA, and Argentina's Grupo Fin Galicia B ADR (GGAL.O).

The changes will take effect as of the close of Nov. 30.

For a full list of additions and deletions to the indexes, plese see [ID:nN11332167]. (Reporting by Walter Brandimarte and Daniel Bases; Editing by Diane Craft)



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