IMI, MAC join MSCI Small Cap Index | Inquirer Business

IMI, MAC join MSCI Small Cap Index

By: - Business Features Editor / @philbizwatcher
/ 10:54 AM May 15, 2018

IMI COO Gilles Bernard announces nearing completion of IMI’s facility in Serbia, its 20th factory across the globe

Ayala-led Integrated Microelectronics Inc. (IMI) and Lucio Tan group-led MacroAsia Corp. (MAC) will join the MSCI Global Small Cap Indices as of the close of trading on May 31.

On the other hand, Lopez Holdings will be stricken off the same index, based on an announcement from MSCI.

“The takeaway is that although there should be some initial exuberance for IMI and MAC today, caution should be taken in further days as this could turn into a sell on news scenario for others,” local stock brokerage Papa Securities said on Tuesday.

LUCIO Tan

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TAGS: Ayala-led Integrated Micro-Electronics Inc., IMI, MAC, MacroAsia Corp., MSCI

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