PSE main index reshuffle: Emperador, Monde Nissin in; Bloomberry Resorts, Robinsons Retail out

The Philippine Stock Exchange (PSE) has reshuffled the 30-member benchmark index by adding spirits maker Emperador Inc. and food manufacturer Monde Nissin Corp. beginning on Friday, February 4.

These companies will replace Bloomberry Resorts Corp. and Robinsons Retail Holdings Inc. in the PSE index, the local bourse operator said in a statement.

The reshuffle resulted from the PSE’s January to December 2021 performance review.

To be included 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 15% of its outstanding shares.

“The index review allows us to maintain a roster of companies that best represents the entire market. The last two reviews saw the entry of newly listed companies in the PSEi as large issuances readily meet our criteria and are deemed qualified for inclusion by other index providers,” said PSE president and CEO Ramon Monzon.

Except for the financials index, all other sector indices will have changes in their composition.

EEI Corp. and Monde will be added while Alsons Consolidated Resources, Inc. and SFA Semicon Philippines Corporation will be removed from the industrial index.

Three sectors will see the removal of constituents, namely, the A and B shares of ATN Holdings Inc. for the holdings index; the A and B shares of Metro Alliance Holdings & Equities Corp. for the services index; and Oriental Peninsula Resources Group Inc. for the mining and oil Index, according to the PSE.

AREIT Inc., Philippine Estates Corp., and Primex Corp. will become part of the property index while A Brown Company Inc. will cease to be part of the index, the local bourse operator said. — VBL, GMA News