The Philippine Stock Exchange Inc. (PSE) said it is adding into its Services index Belle Corp., DFNN Inc., DigiPlus Interactive Corp. and Harbor Star Shipping Services Inc., vice Transpacific Broadband Group International Inc. which will be removed as part of the PSE’s bi-annua tweaking of its indices.
The result was based on the PSE’s regular index composition review covering the trading period of July 2022 to June 2023.
The new composition will take effect August 7.
The PSE said it is keeping the composition of its bellwether PSE index as well as Financials and Holding Firms indices the same.
Citicore Energy REIT Corp. (CREIT) , Ever-Gotesco Resources and Holdings, Inc. and MRC Allied, Inc. will be added to the Property index while DM Wenceslao and Associates Inc. and Primex Corp. will be removed.
Raslag Corp. and Figaro Coffee Group Inc. will take the place of Shakey’s Pizza Asia Ventures Inc. and Roxas and Co. Inc. in the Industrial index.
Lepanto Consolidated Mining Company will be taken out of the Mining and Oil index.
Aside from its sector index inclusion, Figaro will also be a constituent of the PSE Dividend Yield index, replacing CREIT.
Ginebra San Miguel Inc. and Philippine National Bank will take the slots of AyalaLand Logistics Holdings Corp. and Petron Corp. in the PSE MidCap index.
To qualify for PSEi and sector indices inclusion, a listed firm must be among the top companies in terms of liquidity and market capitalization 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 taken into account by the PSE in the index review,” the PSE said.
“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 Ramon Monzon, PSE president.
