Breaking News Bar
updated: 8/30/2011 7:56 AM

Rusal will join two new hong kong stock exchange indexes

hello
Success - Article sent! close
 
Bloomberg News

United Co. Rusal, the largest aluminum producer, will join two new Hong Kong stock exchange indexes from Sept. 5, helping to expand its investor base.

Rusal will make up 10 percent of the Hang Seng Foreign Companies Composite Index and join the Global Composite Index, the Moscow-based company said today in an e-mailed statement.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The company is expanding its investor base and improving liquidity by entering additional Hang Seng indexes, said Oleg Mukhamedshin, Rusal's director for corporate development.

Prada SpA, Glencore International Plc and Vale SA will be among the other stocks joining the Foreign Companies Composite.

"The number of foreign companies listed in Hong Kong has been increasing rapidly in the past year," Vincent Kwan, director and general manager of Hang Seng Indexes Co., said in the statement. "The Hang Seng Foreign Companies Composite Index provides investors a convenient benchmark in monitoring the price performance of this group of companies."

Rusal's Russian depositary receipts were added to the 30- stock Micex Index in July after MSCI said RDRs aren't eligible for inclusion in the review of the MSCI Russia Index in May.

Share this page
    help here