NO changes will be made to the composition of the benchmark Philippine Stock Exchange index (PSEi) following the latest review, the bourse said on Monday.
“The [30] current PSEi members remain to be among the top stocks in terms of market capitalization, liquidity, and free float level,” the PSE said in a statement.
The review covering the July 2023-June 2024 period, PSE President and CEO Ramon Monzon said “ensures that market barometers feature the most qualified stocks based on the set criteria.”
The Dividend Yield and Holding Firms indices will also stay unchanged, but the rest will see updates that take effect on August 12.
DoubleDragon Corp. and DigiPlus Interactive Corp. will take the place of Cebu Air, Inc. and Shell Pilipinas Corp. in the 20-member MidCap index.
Alternergy Holdings Corp., Roxas and Co. Inc., and RFM Corp. will join the Industrial index, while Raslag Corp. will be removed.
The Property index will see the addition of VistaREIT Inc. and the exclusion of D.M. Wenceslao & Associates Inc. and Ever-Gotesco Resources and Holdings, Inc.
Pacific Online Systems Corp., Digiplus, and STI Education Systems Holdings Inc. will join the Services index, which will lose Chelsea Logistics and Infrastructure Holdings Corp. and Premiere Horizon Alliance Corp.
Asia United Bank Corp. and the A and B shares of Benguet Corp., meanwhile, will become constituents of the Financials and Mining and Oil indices, respectively.
A listed firm must be among the top companies in terms of liquidity and also have a free float level of at least 20 percent to qualify for sector indices inclusion. THE MANILA TIMEs
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