BUZZ-Mondi: best day in 6 yrs on strong Q1

(Updates to add MSCI (NYSE: MSCI - news) reshuffle details)

** South African paper maker Mondi (LSE: MNDI.L - news) jumps 10 pct, biggest one-day rise since July 2009 & within a whisker of a record hit last month in strong volume

** Stock best performer across Europe's top benchmark as well as UK's FTSE 100

** Mondi shares a potential beneficiary of MSCI reshuffle announced overnight which Citi estimates would see nearly 7x Mondi's daily volumes flow into stock from index trackers

** Posts Q1 underlying operating profit of 236 mln euros, up 29 pct y/y

** Performance driven by volume growth & lower input costs across most of European businesses, good contributions from capital projects & acquisitions & higher selling prices in Russia & South Africa

** UBS (NYSEArca: FBGX - news) lifts 2015E EPS by 5 pct

** Jefferies lifts 2015 PBT/EPS forecasts by 7 pct; flags Mondi trading at discount to EU peers, with financial flexibility for accelerated capital investments, accretive M&A & special divis/buybacks

** Easily most actively traded stock on FTSE 100 (& top riser) with 2/3 of its 90-day daily avg having gone through in 45 mins

** Gains seen from peers: DS Smith (Other OTC: DITHF - news) & Smurfit Kappa up 2.1 pct & 1.2 pct respectively (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)