Quick takes from around the market
MSCI rebalancing [link] didn’t result in any additions or deletions for the three indices (Global Standard, Small Cap and Micro Cap), just adjustments in the weighting of the stocks already in the indices. The weighting adjustments will take effect after the close on February 28.
PEZA [link] still pushing for 100% work-from-home for IT-BPO sector until mid-September; currently, the work-from-home cap is at 90%. Approval of the change could suppress commercial lease demand for developers and existing REITs.
Kepwealth [KPPI 3.97 42.29%] [link] nearly hit the ceiling on 7x the stock’s average daily volume for the past 30 days. No news. No rumors, unless you count the old rumor of a Hotel Sogo backdoor play that has followed KPPI around since its miraculous post-IPO performance back in 2019. Around Christmas I’d heard things were happening, but that chatter died down over the past month and I thought it was dead. Rumor back on?
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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.
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