• 03
  • Sep
Emperador Included in Singapore Straits Times Index, Shares move up by 4.98%
palaboytrader Market News No Comments

Emperador (EMI) was recently included in Singapore Straits Times Index , which is a milestone for Billionaire Andrew Tan’s company and EMI is the first Philippine Listed Stock to do so.

EMI replaced Comfort DelGro as constituent in benchmark Straits Times Index

EMI price move up significantly during the day and help improve PSEI market sentiment. At the close EMI share price is 20.85php/share.

In its lates disclosure in PSE edge it states that “Emperador Inc., a global spirits company, takes another historic milestone as it officially joins major global companies in the Straits Times Index (STI) after meeting all the eligibility requirements. Emperador’s inclusion in the STI, which is the first for a Philippine company, will take effect at the start of trading on September 19, 2022”

STI is a market capitalization weighted index that tracks the performance of the top 30 companies listed on the Singapore Exchange (SGX). It is widely followed by investors as the benchmark for the Singapore market. There are only 30 stocks listed on the STI index so this is really a good news for the company.

The inclusion of Emperador in the STI will expose the company to a larger base of institutional and retail investors as well as active and passive funds. Inclusion in the STI is a testament of Emperador’s consistent outstanding performance through the years.

Emperador (EMI) was granted eligibility to list in SGX last April 13,2022. Majority of shares ( 84.57%) is own by Alliance Global Group (AGI).

The constituents of STI will be updated by September 19 to reflect inclusion of Emperador.

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  • 05
  • Jul
PSE Rebound with 2.04% gain, Blue chips starting to move
palaboytrader Market News No Comments

The PSE index ended green today with 2.04% gain reaching high before the pre closing. Inflation results was already out and looks like the market is digesting well the results. PH inflation rose to 6.1% this June higher than last months 5.4% mainly due to rising fuel costs. This is within the BSP range of 5.7-6.5% target range.

Inflation averaged 4.4% y/y in January to June while transport inflation was at 17.1% in June and had a 31.7% share in the uptrend; diesel prices rose 92.5% y/y. Food inflation accelerated to 6% from 4.9% in May, driven by meat and rice prices; it had a 58.3% share in the uptrend.

The index close at 6,309.99 with a net foreign selling of 146 Million.

Index Sector was led by property gaining as much as 3.41% with all indices ending in Green Zone.

For the Blue chip index JGS led the group surging by up to 6.77% and Monde at 5.30%, while lag came the most from CNVRG at -5% and Emperador at -2.27%.

US markets were closed yesterday due to July 4 independence day celebration. In asia, index are mostly in green as well.

SymbolNameLast PriceChange% Change
^GSPCS&P 5003,825.3339.951.06%
^DJIDow Jones Industrial Average31,097.26321.861.05%
^IXICNASDAQ Composite11,127.8499.140.90%
     
     
     
     
^N225Nikkei 22526,423.47269.661.03%
^HSIHANG SENG INDEX21,915.7485.390.39%
000001.SSSSE Composite Index3,404.03-1.4-0.04%
399001.SZShenzhen Component12,973.11-53.14-0.41%
^STISTI Index3,107.58-12.66-0.41%
^AXJOS&P/ASX 2006,629.3016.70.25%
^AORDALL ORDINARIES6,818.1021.20.31%
^BSESNS&P BSE SENSEX53,849.82615.051.16%
^JKSEJakarta Composite Index6,745.05105.881.59%
^KLSEFTSE Bursa Malaysia KLCI1,436.63-0.89-0.06%
^NZ50S&P/NZX 50 INDEX GROSS10,965.17102.830.95%
^KS11KOSPI Composite Index2,341.7841.441.80%
^TWIITSEC weighted index14,349.20132.140.93%
^GSPTSES&P/TSX Composite index19,028.86167.50.89%

Index futures are pointing to a good upside in the US market. S&P up by 0.33%, Dow up by 0.26% and Nasdaq at 0.45%.

Courtesy: Yahoo Finance



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