The Philippine Stock Exchange Inc. kept the composition of the 30-company benchmark index unchanged following a routine review.
Among sectoral indices, four of the six sectors will have changes in their composition, based on the local bourse regular index composition review covering the trading period of July 2022 to June 2023.
The PSE said the new composition of indices would take effect on Aug. 7, 2023.
It said to qualify for PSEi and sector indices inclusion, a listed firm should be among the top companies in terms of liquidity and market capitalization. It should also have a free float level of at least 20 percent of outstanding shares.
Relevant financial criteria and eligibility for early inclusion are also taken into account by the PSE in the index review.
The PSE said there would be no changes in the member-companies of the financials and holding firms indices.
The services index will have four firms—Belle Corp., DFNN Inc., DigiPlus Interactive Corp. and Harbor Star Shipping Services Inc.. However, Transpacific Broadband Group International Inc. will be removed from the index.
Citicore Energy REIT Corp., Ever-Gotesco Resources and Holdings, Inc. and MRC Allied Inc. will be added to the property index, while D. M. Wenceslao and Associates Inc. and Primex Corp. will be excluded.
Raslag Corp. and Figaro Coffee Group Inc. will replace Shakey’s Pizza Asia Ventures Inc. and Roxas and Company Inc. in the Industrial index.
Lepanto Consolidated Mining Company will be deleted from the mining and oil index.
“The regular screening of these barometers ensures that only the most eligible companies comprise these indices since they are used as benchmarks to gauge the market’s performance,” said PSE president and chiev executive Ramon Monzon.
Meanwhile, FCG will also be included in the PSE Dividend Yield index, replacing CREIT.
Ginebra San Miguel Inc. and Philippine National Bank will take the position of AyalaLand Logistics Holdings Corp. and Petron Corp. in the PSE MidCap index.
The PSEi was up by 0.9 percent since the start of the year, while the PSE MidCap and PSE DivY indices increased 4.12 percent and 0.15 percent, respectively.