PSE to change index composition

 

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PSE to change index composition
Posted: 3:06 AM | Apr. 01, 2006
Elizabeth L. Sanchez
Inquirer

Published on page B2 of the April 1, 2006 issue of the Philippine Daily Inquirer

A NEW Philippine Stock Exchange index will take effect on April 3, based on the PSE's new criteria using a listed firm's available shares to the public.

As an offshoot of a review of the PSE's 238 listed firms, property firm Empire East Land Holdings Inc., and Manila Mining Corp. were included in the new index, bumping off cement firm Holcim Philippines Inc., and Pilipino Telephone Corp.

A total of 30 companies were chosen to comprise the new index to be dubbed PSEi.

The listed firms passed the PSE's review which tested them against a new set of criteria.

These are: Holding firm Aboitiz Equity Ventures Inc., television network ABS-CBN Broadcasting Corp., conglomerate Ayala Corp. and property arm Ayala Land Inc.,

Sy-controlled Banco de Oro Universal Bank, second largest Bank of the Philippine Islands, property developer Belle Corp., holding firm Benpres Holdings Corp.,

Fixed and mobile phone carrier Digital Telecommunications Phils. Inc., construction giant DMCI Holdings,Inc., real-estate firm Empire East Land Holdings Inc., third largest Equitable PCI Bank Inc.,

Property developer Filinvest Land Inc., power and tollroads firm First Philippine Holdings Corp., mobile phone network Globe Telecom Inc., port operator International Container Terminal, fast food giant Jollibee Foods Corp., gold explorer Lepanto Consolidated Mining Company,

Power distributor Manila Electric Company, Manila Mining Corp., utility firm Manila Water Company Inc., holding firm Megaworld Corp., diversified company Metro Pacific Corp., largest bank Metropolitan Bank & Trust Company,

Oil firm Petron Corp., Philex Mining Corporation, dominant telephone firm Philippine Long Distance Telephone Co., food and beverage giant San Miguel Corporation, holding company SM Investments Corp. and its mall operator SM Prime Holdings Inc.