IMI, MAC join MSCI Small Cap Index
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.
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.