In today’s briefing:
- Merdeka Copper (MDKA IJ): Listing Board Change and FTSE Inclusion
Merdeka Copper (MDKA IJ): Listing Board Change and FTSE Inclusion
- Merdeka Copper Gold Tbk PT (MDKA IJ) moved from the Development Board to the Main Board of the IDX on 31 May. That makes the stock eligible for FTSE inclusion.
- Meeting the full market cap, free float market cap and liquidity requirements, Merdeka Copper Gold Tbk PT (MDKA IJ) could be added to the FTSE All-World Index in March 2023.
- Passive FTSE trackers are estimated to buy 615.4m shares (US$167m; 5.8 days ADV) of Merdeka Copper Gold Tbk (MDKA IJ). That is 4% of the real float of the stock.
Before it’s here, it’s on Smartkarma
