Consunji-led DMCI Holdings Inc. and Aboitiz-led Union Bank of the Philippines will be included in the PSE index (PSEi) starting February 6. Know more:
CONSUNJI-led DMCI Holdings Inc. and Aboitiz-led Union Bank of the Philippines will be included in the PSE index starting February 6.
To be considered for inclusion in the PSEi, a listed company 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 its outstanding shares. Relevant financial criteria as well as eligibility for early inclusion are also considered by the PSE in the index review.
Meanwhile, Philippine Infradev Holdings Inc. and Philippine Estates Corp. will be excluded from the Property index. The Villar’s AllDay Marts Inc. and Medilines Distributors Inc. will both become part of the Services index, which will also see the removal of Metro Retail Stores Group Inc. and Philippine Seven Corp.
The seven new PSE MidCap index constituents will take the place of AllHome Corp., DDMP REIT Inc., DMCI, Philex Mining Corp., Philippine National Bank, Union Bank and Vista Land and Lifescapes Inc.
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