The Philippine Stock Exchange, Inc.’s (PSE) regular index review covering the July 2023 to June 2024 trading period showed the 30 companies comprising the PSE index (PSEi) will stay as is.
The current PSEi members remain to be among the top stocks in terms of market capitalization, liquidity, and free float level.
“The index review ensures that market barometers feature the most qualified stocks based on the set criteria,” said PSE President and CEO Ramon S. Monzon.
The constituents of the PSE Dividend Yield and Holding Firms indices will likewise remain unchanged while the rest of the indices will see updates in their composition.
For the 20-member PSE MidCap index, DoubleDragon Corporation and DigiPlus Interactive Corp. (PLUS) will take the place of Cebu Air, Inc. and Shell Pilipinas Corporation.
The Industrial index will see the addition of Alternergy Holdings Corporation, Roxas and Company, Inc., and RFM Corporation and the removal of Raslag Corp.
The Property index will see the inclusion of VistaREIT, Inc. and the exclusion of D.M. Wenceslao & Associates, Incorporated and Ever-Gotesco Resources and Holdings, Inc.
Pacific Online Systems Corporation, PLUS, and STI Education Systems Holdings, Inc. will all become members of the Services index, while Chelsea Logistics and Infrastructure Holdings Corp. and Premiere Horizon Alliance Corporation will be taken out of the same index.
Meantime, Asia United Bank Corporation and the A and B shares of Benguet Corporation will become constituents of the Financials and Mining and Oil indices, respectively.
To qualify for sector indices inclusion, a listed firm must be among the top companies in terms of liquidity and it should also have a free float level of at least 20 percent of its outstanding shares. Relevant financial criteria as well as eligibility for early inclusion are also considered by the PSE in the index review.
The new composition of indices will take effect on August 12, 2024.
The memorandum on the Results of the Review of PSE Indices is available in the PSE website, www.pse.com.ph.
