Five new stocks to be added to FTSE index that will see $105 mn in FPI flows


Shares of five newly-listed companies will get added to the global indices. The adjustment, which will take place on Friday, will result in a cumulative $105 million of foreign portfolio investor (FPI) flow into the domestic market, said analysts. This is because passive funds tracking the indices will have to buy these after their inclusion in the indices.

The five include PB Fintech (estimated passive buying of $41 million or 4.58 mn shares); Start Health ($19 mn/2.19 mn shares), ($30 mn/1.57 mn shares), Paytm ($18 mn/2.44 mn shares) and ($38 million/4.17 mns shares).


These five had launched their between November 2021 and January 2022.

The FTSE rebalancing was part of the June 2022 quarterly review. The changes were announced earlier and the changes will be effective now.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, June 16 2022. 09:22 IST


Source link

Comments are closed.