THERE will be no changes in the 30 stocks comprising the PSE index (PSEi) based on the review covering the January to December 2017 period done by the Philippine Stock Exchange (PSE).
“For this index review period, we increased the minimum free float level requirement from 12 percent to 15 percent. This adjustment was made in anticipation of the plan of the Securities and Exchange Commission to increase the minimum public ownership for publicly-listed companies,” said PSE president and CEO Ramon Monzon.
Aside from the float requirement of 15 percent, a company must meet the liquidity and capitalization criteria to be considered a PSEi constituent.
All sectoral indices, on the other hand, will see changes in their composition. The recomposition of indices will take effect on Feb. 19.
The list of index management policy revisions is available on the PSE website. (PR)