HOMEGROWN fastfood chain Jollibee Foods Corp. 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.

Semirara Mining and Power Corp. and property giant Megaworld Corp. were moved to mid-cap category from small-cap previously.

Meanwhile, diversified conglomerate San Miguel Corp. was stricken off the mid-cap list; while customized food ingredients and chemical producer D&L Industries, Inc. 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.

The FTSE Global Equity Index Series covers around 7,400 securities in 47 countries. That index is used to create financial products, such as index-tracking funds, derivatives and exchange-traded funds. “It’s the same as using the MSCI Index as a gauge because this serves as a signal for foreign funds -- especially those with limited access to the Philippines -- on what are the growth companies,” Luis Gerardo A. Limlingan, managing director at brokerage Regina Capital Development Corp., said.

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