PSE to change composition of main index

April 24, 2007
Updated 10:39:27 (Mla time)

Xinhua Financial News Service

MANILA, Philippines -- The stock exchange here will remove Benpres Holdings Corp., coal producer Semirara Mining Corp. and property developer Filinvest Land Inc. from its 30-company composite index by May 16, the bourse said.

In a notice to brokers, it said these stocks would be replaced by power producer First Gen Corp., Manila Mining Corp. and food and beverage manufacturer
Universal Robina Corp.

The composition of the main index was last changed in December, following a review of each stock's free float level, its free float market capitalization, the number of trading days on which it was traded and its average daily trading value and volume.

Related Site:
Philippine Stock Exchange

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