FTSE Global Equity Index to include Philippines’ DigiPlus by March
The Financial Times Stock Exchange (FTSE) Global Equity Index Series announced it will include Philippine retail gaming provider DigiPlus Interactive Corp. in its Micro Cap Category.
According to the FTSE Global Equity Index’s March 2024 semi-annual review, the inclusion of DigiPlus will be effective on March 15.
In a press release, DigiPlus welcomed its inclusion in the Micro Cap segment and said that this further underscores the company’s emergence as a key player in the digital technology sector.
The company said that since venturing into the digital segment in January 2022, DigiPlus has rapidly amassed a formidable user base across its digital ecosystem.
It added that the launch of innovative game offerings, including Color Game, a livestreaming specialty game reminiscent of traditional carnival games, has further solidified DigiPlus’ position as a trailblazer in the digital entertainment sphere.
DigiPlus President Andy Tsui underscored the forthcoming inclusion of the company in the FTSE index as a landmark achievement because of the index’s substantial influence among global institutional investors, making it a revered benchmark for investment decisions worldwide.
“We hope that our addition to the FTSE Global Equity Index Series (Micro Cap) will not only enhance our visibility but also broaden our investor base,” Tsui said.
“This recognition validates our growth trajectory and reinforces investor confidence in our long-term prospects.”
DigiPlus as PSE’s best-performing stock in 2023
Last month, it was reported that DigiPlus claimed the top spot on the Philippine Stock Exchange (PSE).
With this feat, the retail gaming provider outperformed nearly 300 listed companies in terms of stock price growth.
The company’s stock price increased by 232 percent throughout 2023, becoming the best-performing stock.
Moreover, the surge aligns with DigiPlus’ profits which soared over tenfold to PHP 2.1 billion (€35 million) in the first nine months of 2023.
FTSE: A widely followed index
FTSE Global Equity Index Series is a widely followed index by global institutional investors.
According to FTSE Russell, the FTSE Global Equity Index is designed for use in the creation of index tracking funds, derivatives and as a performance benchmark.
It said that stocks are selected and weighted to ensure that the index is investable.
The document also said the index aggregates around 17,000 stocks covering Developed and Emerging Markets and representing over 99 percent of investable market cap globally.
With this, it is suitable as the basis for investment products, such as funds, derivatives and exchange-traded funds.
SiGMA Eurasia and SiGMA Africa – less than a month away
With less than a month until the highly anticipated SiGMA Africa event kicks off in Cape Town, South Africa on the 11th of March, the gaming industry is abuzz with excitement. Building on the success of its inaugural edition in Nairobi, Kenya, in January 2023, SiGMA Africa is strategically positioning itself at the forefront of Africa’s burgeoning gaming landscape. With the continent’s market poised for exponential growth, driven by a rapidly evolving digital ecosystem and increasing mobile connectivity, SiGMA Group recognizes the need to foster collaboration and innovation within the industry. By bringing together leading stakeholders and visionaries in gaming, SiGMA aims to catalyse progress and propel Africa towards a new era of prosperity and opportunity. As the countdown to the event begins, anticipation mounts for what promises to be a landmark gathering of gaming enthusiasts and innovators in the vibrant city of Cape Town.
The fourth edition of SiGMA Eurasia will once again be held at the InterContinental Dubai Festival City. Held between the 25 and 27 February 2024, the summit provides invaluable opportunities for attendees to network with industry professionals, gain exposure to the latest tech and innovations in the sector, meet key decision makers, and gain insight into new markets.
