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MSCI Inc. (MSCI)

NYSE - Nasdaq Real-time price. Currency in USD
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473.52+3.87 (+0.82%)
At close: 4:03PM EDT
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Trade prices are not sourced from all markets
Previous close469.65
Open472.94
Bid474.05 x 1200
Ask473.65 x 1300
Day's range465.67 - 474.46
52-week range299.09 - 474.46
Volume312,847
Avg. volume496,251
Market cap39.184B
Beta (5Y monthly)0.92
PE ratio (TTM)66.51
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield3.12 (0.66%)
Ex-dividend date18 Feb 2021
1y target estN/A
  • Billionaire Adani May Win Three More Slots on MSCI India Index
    Bloomberg

    Billionaire Adani May Win Three More Slots on MSCI India Index

    (Bloomberg) -- Billionaire Gautam Adani is likely to see three more companies from his coal mining-to-data centers conglomerate join the MSCI India Index after shares in each one of them more than doubled this year, according to analysts.The group’s flagship Adani Enterprises Ltd., gas supplier Adani Total Gas Ltd. and power distributor Adani Transmission Ltd. may get included in MSCI Inc.’s country benchmark after the index provider’s semi-annual review of its gauges in May, according to broker Edelweiss Financial Services Ltd. and independent research provider Smartkarma. Adani Green Energy Ltd. and Adani Ports & Special Economic Zone Ltd. are already there.The potential inclusions are seen further boosting wealth for Adani, who has added $20.2 billion to his net worth this year, the second-biggest increase among the world’s billionaires. The tycoon -- who started out as a commodities trader in the late 1980s -- has diversified from mines, ports and power plants into airports, data centers and defense. The rally in stocks shows investors have rewarded his strategy of interlocking his group’s interests with the Indian government’s infrastructure program.There is “very high probability of these Adani names to come in the index primarily due to the surge in their market capitalization,” Brian Freitas, a New Zealand-based analyst at Smartkarma, said by phone. “ETFs and other passive funds will have to buy, adding to Adani’s fortune.”Passive funds may have to buy shares worth about $830 million in total in the three companies after their inclusion, according to calculations by Freitas. Still, these stocks “trade much much higher than their global peers and longer-term returns may not be worth the risks involved,” he wrote in a note Wednesday.Meanwhile, S&P Dow Jones Indices said in a statement Monday that it will remove Adani Ports and Special Economic Zone from the Dow Jones Sustainability Indexes because of links to Myanmar military.A lack of analyst coverage for many of the Adani group’s companies hasn’t deterred MSCI from adding their stocks as the index provider’s focus is more on other factors such as market value. Adani Green, which was added to the MSCI India gauge end-November, still has no analysts covering it, according to data compiled by Bloomberg.Freitas also sees the possibility of Adani Green being included in the NSE Nifty 50 Index, the National Stock Exchange of India Ltd.’s benchmark gauge, once the bourse allows derivative contracts on the stock.Adani group shares traded mixed amid a broad decline in Indian equities on Thursday. Adani Transmission jumped 5%, Adani Total Gas climbed 2.3% while Adani Ports rose 0.2% as of 10:28 a.m. in Mumbai. Adani Enterprises and Adani Green fell about 1.2% each.MSCI is set to declare the results of its latest review on May 11 and changes will be effective from close of trading on May 28, according to an announcement by the index provider in February.“We do not comment on market speculation on index changes,” a spokeswoman for MSCI wrote in an emailed response.(Adds more details in the eighth paragraph, Thursday’s share performance in the ninth.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • With EPS Growth And More, MSCI (NYSE:MSCI) Is Interesting
    Simply Wall St.

    With EPS Growth And More, MSCI (NYSE:MSCI) Is Interesting

    Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

  • China Stocks’ 15% Rout Shows What Happens When Stimulus Ends
    Bloomberg

    China Stocks’ 15% Rout Shows What Happens When Stimulus Ends

    (Bloomberg) -- China’s stock market is showing the world what happens when central banks and governments start exiting pandemic-era stimulus -- and it’s not pretty.The CSI 300 Index has lost 15% since climbing to a 13-year high last month as concern about tighter monetary policy replaced optimism about the economic recovery. Like elsewhere, the rally had been led by investors chasing a small number of stocks, many of whom piled in at the top as a frenzy grew. Now the gauge is trailing MSCI Inc.’s global benchmark by the most since 2016 this month and the most popular mutual funds are getting crushed.Central banks around the world are dealing with the aftermath of last year’s multiple interest-rate cuts and trillions of dollars in stimulus. Some, like the Federal Reserve and the European Central Bank, have said they’ll stick to their loose policies for now. Others are being forced to act by inflation risks. Brazil last week became the first Group of 20 nation to lift borrowing costs, with Turkey and Russia following suit. Norway is also turning more hawkish.Investors in February began pricing in higher U.S. growth and consumer prices, bringing forward their opinion of how soon the Fed would be forced to raise interest rates. While that’s meant technical corrections in overpriced markets like the Nasdaq, none of the world’s stock benchmarks are falling faster than China’s.“China’s stock-market rout may reveal the challenge for stimulus withdrawal globally given that China is ‘first in, first out’ in the pandemic,” said Peiqian Liu, a China economist at Natwest Markets in Singapore.China has reasons to taper stimulus faster than other major economies. A tighter grip on the pandemic, a fixation with deleveraging, and a lack of investment choices for its citizens are some of them. But there’s little doubt the nation’s stock market has led the way since Covid-19 was first detected in the Chinese city of Wuhan.As the virus began to take root in the first two months of 2020, the CSI 300 slumped 12%, while global stocks continued to climb to new highs. When the MSCI All-Country World Index began sinking a few weeks later amid evidence the virus was spreading globally, China’s stock market was already rebounding on optimism more stimulus was on the way. By July, the rally had made local equities among the world’s hottest. China’s index peaked on Feb. 10, having surged 65% from last year’s low, before tanking.Analysts at Credit Suisse Group AG cut their recommendation of Chinese stocks to the equivalent of sell this week, saying the country’s markets are likely to “suffer a bigger payback” than others from the gains seen during the pandemic. That’s the brokerage’s second downgrade of Chinese equities in five weeks.“We took our profit on China A-shares in early February, given the prospects of tighter domestic macro policies,” Jean-Louis Nakamura, Asia Pacific chief investment officer for Lombard Odier Darier Hentsch, wrote in a client newsletter this week.The CSI 300 fell as much as 0.9% on Thursday before erasing losses. It last traded up 0.2%.The Communist Party has good reason to be concerned about excessive stimulus. When the global financial crisis hit in 2008, China turned to credit to bolster its economy. The resulting pile of debt to this day threatens the stability of the country’s financial system. Inflows into onshore stocks and bonds last year are also fueling concern among officials about distortions to asset prices, especially if the money starts to flow back out.Lessons from the past mean there’s a greater focus in China on the risks caused by too much liquidity, both domestically and abroad. The government has revived a campaign to cut leverage that was shelved amid the trade war with the U.S., as well as efforts to limit the impact of “hot money.”“China’s policy exit remains one of the most important uncertainties to its own recovery and financial markets ahead,” Li-Gang Liu, managing director and chief China economist at Citigroup Inc., wrote in a report this month.(Updates with today’s trading in 10th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.