Recomposition of PSE takes effect Aug. 12

The Philippine Stock Exchange (PSE) announced that there will be no recomposition of the benchmark PSE index (PSEi), the PSE Dividend Yield (PSE DivY) index and the Holdings Firms index, based on the results of the regular review of the bourse’s indices.

However all changes to the PSE indices such as on the PSE MidCap will take affect on Aug. 12, 2024, Monday next week.

In a memorandum to stakeholders, the PSE said its latest review included the PSEi, sector and PSE MidCap indices, covering trading activity for the period July 2023 to June 2024. The review of the composition of the indices was based on the Policy on Index Management.

While there are no changes for the PSEi, PSE DivY, and Holding Firms indices, the PSE Midcap index will see the exit of Cebu Pacific Air and Pilipinas Shell Petroleum Corporation as they will be replaced by DigiPlus Interactive Corporation and DoubleDragon Corporation.

For the Financials index, Asia United Bank will be added with no company to be removed while the Industrial counter will see the departure of RASLAG Corporation and the inclusion of Altergy Holdings Corporation, Roxas & Company Inc., and RFM Corporation.

For the Property index, VistaREIT Inc. will be joining while D.M. Wenceslao and Associates Inc. and Ever-Gotesco Resources and Holdings Inc. will be leaving.

The Services index will see the inclusion of Pacific Online Systems Corporation, DigiPlus, and STI Holdings Inc. while Chelsea Logistics and Infrastructure Holdings Corporation and Premiere Horizon Alliance Corporation will be removed. 

Benguet Corporation will also be joining the Mining and Oil Index which will not see and stock removed.

The top publicly-listed companies based on liquidity, market capitalization, and free float level are the securities considered for inclusion in PSE indices. Aside from these criteria, relevant financial benchmarks are also used in the index review.