THE Philippine Stock Exchange announced on Wednesday that there won’t be any change in the composition of the 30-member PSE index following its latest review of the local stock barometer.
But based on the review made by the exchange covering trading activity from July 2014 to June 2015, there will be changes in the composition of the sub-indices effective Sept. 14 this year.
To be included in the PSEi, a listed company should rank among the top companies based on liquidity and full market capitalization. PSEi members are also required to have a free float level of at least 12 percent compared with the minimum requirement imposed on listed firms of 10 percent. The list remains the same for now, the PSE said.
The sector indices, on the other hand, will be adjusted with the addition of 11 companies and removal of five others.
The financials index will see its roster reduced to 12 with the exclusion of Bright Kindle Resources & Investments Inc.
For the industrial index, two companies will be added, namely: Cirtek Holdings Philippines Corp. and Max’s Group, Inc. while three will be removed: Holcim Philippines Inc., Victorias Milling Company Inc. and Vulcan Industrial & Mining Corp.
Meantime, the holding firms index will have ATN Holdings, Inc., Minerales Industrias Corporation, and Unioil Resources & Holdings Company, Inc. as its new members while House of Investments Inc. will be removed.
The property index will see the inclusion of Crown Equities. Inc. Three issues will be part of the Services index including Calata Corp., Island Information & Technology Inc., and SSI Group, Inc.
Finally, the mining and oil index will see its member-companies increase to 16 with the addition of Global Ferronickel Holdings Inc. and Trans-Asia Petroleum Corp.
“The exchange regularly conducts a review of all its listed firms to ensure that the most ideal representatives of the sectors based on the criteria set are reflected in the indices,” PSE president Hans Sicat said in a press statement.