Semirara Mining and Power Corporation is now part of the 30-member Philippine Stock Exchange index (PSEi), replacing the slot of Security Bank effective August 8.
The top publicly listed companies based on liquidity, market capitalization, and free float level are the securities considered for inclusion in PSE indices.
“This is the last index recomposition with a free float requirement of at least 15%. As announced in August 2021, companies should have a public ownership level of at least 20% to qualify for index inclusion in the next review period. We expect companies that would like to remain index constituents but have a free float of less than 20% to take the necessary corporate action to address this concern,” said PSE president and CEO Ramon Monzon.
The sector indices will also see minor changes, with the addition of seven securities:
- Rizal Commercial Banking Corporation – Financials index
- Benguet Corporation – Mining and oil index
- 8990 Holdings and DDMP REIT – Property index
- Phinma Corporation, Shakey’s Pizza Asia Ventures, and Synergy Grid & Development Philippines – Industrial index
