On May 15, MSCI, an international index compilation company, announced the results of its May 2024 index adjustment, which will take effect after the close of trading on May 31, 2024. In the list of 8 new A-share stocks added to the MSCI index adjustment, Nanjing Iron and Steel Co., Ltd. is among them.
MSCI is a leading global provider of investment decision support tools and services with more than 50 years of expertise in research, data and technology to drive better investment decisions by helping clients understand and analyze the key drivers of risk and return, and build more effective portfolios.
MSCI adjusts the index sample in February, May, August and November each year, mainly based on objective quantitative indicators such as market capitalization and liquidity. In this adjustment, 42 stocks were added to the MSCI Global Standard Index. Specific to the MSCI China A-share index, there are 8 new targets, including Nanjing Iron and Steel Co., Ltd., CITIC Special Steel, etc.
Nanjing Iron and Steel Co., Ltd. (600282. SH) is an industry-leading high-efficiency, full-process steel conglomerate. With an annual comprehensive production capacity of 10 million tons of steel, it is the world's leading single plate production base with economies of scale and the domestic competitive production base of special steel long products. Aiming at the upgrading and import substitution opportunities of China's manufacturing industry, Nanjing Iron and Steel Co., Ltd. takes special plates and special steel long products as the leading products to provide solutions for national key projects and high-end manufacturing upgrades.
Looking forward to the future, Nanjing Iron and Steel Co., Ltd. will adhere to environmentally friendly and steady operation, continue to return to investors, and build a listed company respected and loved by investors.
Su Ke