Furukawa Electric and Mitsui Kinzoku rise on MSCI index inclusion, buying dominates
Furukawa Electric <5801> and Mitsui Mining & Smelting <5706> are trading higher after MSCI announced its latest index review early Wednesday. While both shares gained on their inclusion in the index, fellow addition Resonac Holdings <4004> fell. Furukawa Electric drew sustained buying as investors cheered strong earnings reported the previous day. Mitsui Mining & Smelting and Resonac are slated to report earnings later today. Meanwhile, stocks removed from the index showed mixed results; Sekisui Chemical <4204> and TIS <3626> weakened, while Japan Airlines <9201> and MonotaRO <3064> remained firm. Shimadzu <7701> fell after releasing its earnings the prior day.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.