Local listed companies that have been included in the global equity index series of the semi-annual review of the London-based FTSE Group or those whose status in the FTSE index have advanced are the stocks to watch out for this week.

FTSE Group is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange and operating out of premises in Canary Wharf.

In its semi-annual review results, the FTSE recomposition has added Jollibee Foods Corp. (JFC) to the large cap list of global stock, while D&L Industries Inc. (DNL) joined the small cap list.

On Friday, the shares of JFC stood higher by 0.55 percent to P219.80, while DNL shares surged by 2.81 percent from previous closing price of P19.94 to P20.50.

Meanwhile, Semirara Mining and Power Corp. (SCC) and property giant Megaworld Corp. MEG) were moved to mid-cap category from small-cap previously.

SCC is now valued higher to P166.40 apiece, while the share price of MEG stood at P5.56.

“Effective by March 23, Monday, the FTSE, like the MSCI, brings these Philippine stocks on the global investor radar,” brokerage DA Market Securities, Inc. said in its outlook.

“Funds following the FTSE index are expected to adjust accordingly and so we expect fund inflow to increase in additions and outflow in deletions,” the brokerage added.

Used in creating financial products, such as index-tracking funds, derivatives and exchange-traded funds, the FTSE Global Equity Index Series covers around 7,400 securities across 47 countries.

Meanwhile, an analysis also showed a recommendation to hold shares of SM Investments Corp. (SMIC) despite its four-day advance in the prior week.

For this week, the next major resistance is pegged at the low end of 2015 target range of 8,000 and 8,500.

“Not discounting possible further index highs, we note a more cautious stance amid rife rotation of among stocks as investors profit take on stocks that are fairly valued and seek for more attractive values in the market as FY2014 earnings results trickle down through early March,” DA Market said.

The local stock market has capped a slightly sluggish trading session on Friday with a surprising record close after regional marts cheered to the European Central Bank (ECB) stimulus announcement.

ECB has particularly outlined a 1-trillion euro stimulus program, pushing the European stock prices to rise to its seven-year highs.

This was the reason the market managed to grab its 19th record high for this year on Friday.

Risk-on sentiment prevailed in the equities market on the back of positive comments from the ECB, particularly on EU’s growth trajectory in the middle of quantitative easing program, BPI Asset Management said.

Before retreating on Thursday for a quick profit-taking, the local stock market has carved its 18th record close on Wednesday as it climbed back to the 7,800-level..

PSEi then capped the mid-week trading session by gaining 71.32 points, or 0.92 percent to 7,847.83. It was the first time in eight days that the market set another record.