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Philippine Stock Exchange

MSCI to Remove San Miguel, Add Metro Pacific in Global Standard Indices

Philippine conglomerate San Miguel Corp. (SMC.PH) will be removed from the MSCI Global Standard indices as the stock index undergoes rebalancing, the investment research firm said Thursday.Changes in the MSCI indices are closely followed by investors, and the removal of a company usually undermines its stock price. On Thursday, shares of San Miguel are down 5.0% to PHP116.80 on news of its impending removal from the index.MSCI, a provider of investment decision support tools to around 7,500 clients worldwide, said that San Miguel's spot will be taken by Metro Pacific Investments Corp. (MPI.PH) starting May 31. Both San Miguel and Metro Pacific are constituent stocks of the PSEi, the Philippine Stock Exchange's main performance barometer.Adjustments in the MSCI Global Small Cap indices will also see the removal of two PSEi constituent stocks--property developers Megaworld Corp. (MEG.PH) and Robinsons Land Corp. (RLC.PH). On top of that, conglomerate GT Capital Holdings (GTCAP.PH), Pureg...

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  11. San Miguel to Delist Units if Non-Compliant With Public Ownership Rule by End 2012

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  12. SM Investments Raises $150 Million Via Sale of 9.1 Million Shares

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  1. Philippine Bourse Approves Delisting of San Miguel Properties

    The Philippine Stock Exchange said Friday that it has approved a request by San Miguel Properties Inc. (SMP.PH) to be delisted from the bourse for its failure to com...

  2. Trading in Melco Resorts Suspended Ahead of Share Pricing

    Trading in shares of Melco Crown (Philippines) Resorts Corp. (MCP.PH) will be suspended during the morning session Wednesday, the Philippine stock exchange said, ahe...

  3. Emerging Asia, Japan ETFs And The Correlation Myth

    As Japanese Prime Minister Shinzo Abe and Bank of Japan Governor Haruhiko Kuroda have moved to employ an ultra-loose monetary policy that would make even Federal Res...

  4. Philippine Airlines to Take 49% Stake in New Cambodian Carrier

    Philippine Airlines Inc. is planning to take a 49% stake in a new Cambodian airline, according to San Miguel Corp. (SMC.PH), which shares control of the Philippine c...

  5. Philippines SEC Releases New Guidelines on Foreign Ownership

    The Philippines Securities and Exchange Commission released a new draft of guidelines for determining foreign ownership in industries such as real estate, telecommun...

  6. PAL Holdings' Major Holders to Sell Shares to Keep Firm Listed

    Two major shareholders of PAL Holdings Inc. (PAL.PH), the listed parent of Philippine Airlines Inc., are ready to sell some of their stocks to comply with the minimu...

  7. Philippine Bourse Rejigs Index; Bloomberry Replacing SM Development

    Casino-hotel operator Bloomberry Resorts Corp. (BLOOM.PH) will replace property company SM Development Corp. (SMDC.PH) on the main PSEi from March 11, the exchange s...

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