THE Philippine Stock Exchange, Inc. (PSE) announced that the Energy Development Corp. (EDC) will be removed from the PSEi as its free float level dropped below the 12 percent minimum requirement to qualify as a main index constituent.
EDC will be replaced by Robinsons Retail Holdings, Inc. (RRHI).
RRHI, which was listed in November 2013, is the fifth stock from the Services sector that is part of the PSEi.
RRHI will be included in the PSEi effective Sept. 28. (PR)