AGI president Kingson Sian and Emperador president Winston Co
Tycoon Andrew Tan-led Emperador Inc. (EMP) will rejoin the Philippine Stock Exchange index (PSEi) effective Aug. 17, replacing Semirara Mining and Power Corp.
This was based on the result of the PSE index review from July 2019 to June 2020.
“The semi-annual review of indices ensures that the Exchange’s benchmarks reflect the performance of the best securities in the stock market in general and its sectors,” PSE president Ramon S. Monzon said on Friday.
Based on PSE’s policy on index management, a company may be considered for inclusion in the PSEi if it has a float level of at least 15 percent, ranks among the top 25 percent by median daily value per month in nine out of 12 months and ranks among the highest in market capitalization.
The PSE may also take into account relevant financial criteria to ensure that index constituents are closely representative of the market or a particular sector.