The Philippine Stock Exchange (PSE) on Monday updated the composition of its major indices, RL Commercial REIT, Inc. (RCR) was added to the PSE Index (PSEI) and Alliance Global Group, Inc. (AGI) removed.
The PSEI tracks the 30 largest and most actively traded common stocks listed on the local exchange, providing a benchmark for the Philippine equity market.
Meanwhile, the PSE Dividend Yield Index (DivY) consists of 20 companies that consistently offer high-yield dividends.
For the 20-member PSE MidCap Index, which measures the performance of medium-sized companies using defined parameters for liquidity and market capitalization, AGI and Apex Mining Company, Inc. (APX) was added, while DoubleDragon Corp and RCR were removed.
Among the sector-specific indices, the property index will now include Premier Island Power REIT Corporation (PREIT), and the mining and oil index will include Benguet Corp (BC).
No companies in the financial, industrial or services sectors were added. Notable exits include National Reinsurance Corporation of the Philippines from the financial sector, and AgriNurture, Inc. from the industrial sector. (ANI), ATN Holdings, Inc. (ATN), and Shakey's Pizza Asia Ventures, Inc. (Pizza) included.
“All changes in PSE indices will be effective from February 2, 2026,” the exchange said.
Updates to the indices are generally based on changes in market capitalization and trading liquidity, ensuring that the benchmark indices remain representative of the market. -Alexandria Grace C. Magno