BY UNICAPITAL SECURITIES
Jollibee Foods Corporation’s (JFC) now belongs to global large-cap stocks covered by London-based FTSE Group, according to FTSE’s semiannual review results released on Wednesday.
The FTSE Global Equity Index Series Asia-Pacific ex Japan now classifies Jollibee a large-cap stock, from mid – cap before, according to FTSE’s March 2015 review.
SCC and MEG were moved to mid-cap category from small-cap previously.
Meanwhile, SMC was stricken off the mid-cap list; while DNL joined the small-cap category.
“The changes will be effective after the close of business on Friday, 20 March 2015 (i.e. on Monday, 23 March 2015),” FTSE said in a statement accompanying the report.