PSE: Three companies that debuted in 2022 join sectoral indices

​In a recent index review, PSEi kept its composition.

The 30 most liquid and well-capitalized listed companies will continue to make up the PSE index (PSEi), according to a statement from the Philippine Stock Exchange, Inc. (PSE). The outcome was based on the Exchange's routine index composition review, which covered the July 2022 to June 2023 trading period.

A listed company must rank among the top firms in terms of liquidity and market capitalization and have at least 20% of its outstanding shares in the free float in order to be eligible for inclusion in the PSEi and sector indices. The PSE also considers relevant financial requirements and eligibility for early inclusion while reviewing the index.

The member-companies of the Financials and Holding Firms indexes won't change, much like the PSEi.

Transpacific Broadband Group International, Inc. will not be included in the Services index along with Belle Corporation, DFNN Inc., DigiPlus Interactive Corp., and Harbor Star Shipping Services, Inc.

Ever-Gotesco Resources and Holdings, Inc., MRC Allied, Inc., and Citicore Energy REIT Corp. (CREIT) will be included in the Property index, and D. Primex Corporation and M. Wenceslao and Associates, Inc. will be eliminated.

Shakey's Pizza Asia Ventures, Inc., Roxas and Company, Inc., and Raslag Corp (ASLAG) and Figaro Coffee Group, Inc. (FCG) would no longer be included in the Industrial index.

The Mining and Oil index will no longer include Lepanto Consolidated Mining Company.

Three companies that will be joining the sectoral indices had their initial public offering last year – FCG in January, CREIT in February, and ASLAG in June.

“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 CEO Ramon S. Monzon.

In addition to being a part of the sector index, FCG, which takes the position of CREIT, will also be a component of the PSE Dividend Yield index.

In contrast, AyalaLand Logistics Holdings Corp. and Petron Corporation will be replaced by Ginebra San Miguel, Inc. and Philippine National Bank in the PSE MidCap index.

The PSE MidCap and PSE DivY indexes have grown by 4.12 percent and 0.15 percent, respectively, while the PSEi has increased by 0.9 percent year to date.

​The new composition of indices will take effect on August 7, 2023.

The memorandum on index recomposition is available in the PSE website, www.pse.com.ph.