PSEi remains intact in latest review

MANILA, Philippines — The Philippine Stock Exchange Composite index (PSEi) will see no changes in its composition based on the regular stock performance review for the January to December 2020 period.

Only companies with common stocks listed in the main board of the PSE for at least 12 months during the review period are eligible for inclusion in the PSEi and sector indices.

Aside from this, a listed company should be among the top companies in terms of liquidity and market capitalization.

“A listed company should also have a free float level of at least 15 percent of its outstanding shares. The PSE also takes into account relevant financial criteria in the review,” the PSE said.

The PSE, however, said there are changes in the composition of the sector indices with 10 companies to be added and seven removed. Among the 10 are Axelum Resources Corp., AllHome Corp. and Fruitas Holdings Inc.

“We are pleased that these companies were included in the indices of their respective sectors after their first review period. This is an indication that investor interest in these stocks continued even after their initial public offering,” said PSE president Ramon Monzon.

Axelum and Fruitas will become constituents of the industrial sector together with Agrinurture Inc., Phoenix Petroleum Philippines Inc., Roxas and Company Inc., and SFA Semicon Philippines Corp.

On the other hand, Alliance Select Foods International will be excluded from the same sector.

All Home, Metro Alliance Holdings & Equities Corp., and Philippine Seven corp will form part of the services sector, which will also see the removal of Leisure & Resorts World Corp.

For the mining and oil sector, Lepanto Consolidated Mining Co. will be included, while Belle Corp, Global-Estate Resorts Inc., 8990 Holdings Inc., Primex Corp and Sta. Lucia Land Inc. will all be taken out from the property sector.

There are no changes in the financials and holding firms sectors. The new composition of sectoral indices will take effect on Feb. 15, the PSE said.