The inclusion will be implemented as of the close of November 25, MSCI said in a statement late on Thursday.
The MSCI Frontier Markets Indextracks the stock markets of countries which are even more volatile than emerging markets. Romanian companies Banca Transilvania [BSE:TLV], OMV Petrom [BSE:SNP], Romgaz [BSE:SNG], BRD-GSG [BSE:BRD] and Transgaz [BSE:TGN] are already included in the index.
The MSCI index of frontier markets is followed by investment funds that manage assets worth some $12.4 billion (9.3billion euro), local financial daily Ziarul Financiar has reported.
Commenting on the news, Raiffaisen Bank said in a note to investors on Friday,"We believe that some $1 billionpassive funds are tracking Frontier Markets Indexes and we estimate the potential weight of Electrica in MSCI FM 100 at 0.5%."
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Raiffeisen Bank rated the news as positive for the share price of Electrica.
Electrica was traded 1.92% up at 12.24 lei ($3.4/2.8 euro) by 1004 CET on the Bucharest Stock Exchange on Friday.
