Spread the love

(Last Updated On: )

Philippine stock market ensued its downtrend direction in conjunction with the news coming from MSCI rebalancing.

According to the results, Converge ICT a fiber optic- based company of Mr Dennis Anthony Uy. On its disclosure last May 13, 2022

Converge has been added in the highly-watched MSCI Global Standard Indexes in its latest rebalancing announced on May 12, 2022 in Geneva, Switzerland. The MSCI Global Standard Indexes is an international equity index which tracks stocks across 33 markets. The latest additions will take effect on May 31, 2022.

Leading fiber broadband provider Converge ICT Solutions Inc. (PSE: CNVRG) is the only Philippine company which has been added in the highly-watched MSCI Global Standard Indexes in its latest rebalancing announced on May 12, 2022 in Geneva, Switzerland.

The MSCI Global Standard Indexes is an international equity index which tracks stocks across 33 markets. The latest additions will take effect on May 31, 2022. With 1,539 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.

With these, international mutual funds are expected to do some rebalancing of their portfolios in favor of those that are included and it will weigh in for those who were excluded.

According to Ms April Tan, stocks to receive inflows due to this are SMPH, MONDE and TEL. While the outflows seen on AC, ALI and AEV are expected.

Ayala Land Inc is now currently trading on its 52 week low of Php27.50

My Affiliates:

ImageCostDescription
Click Here to View
Php 2,112.0Lee Men 101+ Ramone Denim Jeans Pants (Rugged)
Click Here To View
Php 600.0Lee Ladies' High neck Tee
Click Here to View
Php 1,000.0Lee Women's Floral Blouse
Click Here to View
Php 500.0Lee Women Short Sleeves Embro Tee Tshirt Roundneck
Click Here To View
Php 600.0Lee Men Cut and Sew Tee Tshirt

Spread the love
palaboytrader

Joey is the founder of a Philippine Stock Market Youtube channel and also known as “Palaboy Trader”. He does daily review of Trending stocks and teaches basics of Investing and trading. He has the aim to educate Filipinos to be financially independent He is also is an Overseas Filipino Worker Currently working in a Multinational Company in Malaysia

Leave a reply

Your email address will not be published. Required fields are marked *