Money

MSCI makeover : Robinsons Land levels down, Shell gets bumped, AC Energy jumps in

Global index compiler MSCI has shook up its Philippine stock indices as part of its semi-annual review with two bilyonaryo-owned firms and a multinational corporation affected by the changes.

Global index compiler MSCI has shook up its Philippine stock indices as part of its semi-annual review with two bilyonaryo-owned firms and a multinational corporation affected by the changes.

The Gokongwei’s property arm, Robinsons Land Corp. (RLC), was deleted from the main Philippine MSCI.

But RLC managed to land in the small cap index in place of Pilipinas Shell Petroleum Corp.

With RLC out, the Gokongweis would still be well represented in the MSCI with JG Summit, Universal Robina Corp., PLDT, and Manila Electric Co.

The Ayalas’ power unit, AC Energy Corp., was also added to the small cap index.

The changes will take effect on November 27.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.