PSEi reindexing/rebalancing

By: Erwin San Luis
FB: Philippine Stock Market Updates

PSEi reindexing/rebalancing that will take effect on September 16, 2013 will have as follows:

To be removed from the index:

Stock Code: MER
Company Name: Meralco

Stock Code: BEL
Company Name: Belle Corp

To Be included in the index:

Stock Code: LTG
Company name: Lucio Tan Group
Note: Holding firm of Lucio tan

Stock Code: GTCAP
Company Name: GT Capital Holdings
Note: holding firms of George Ty

The respective holding firms of Lucio Tan and George Ty have joined the 30-company benchmark index of the Philippine Stock Exchange (PSE), replacing the gaming arm of Henry Sy and the country’s largest electricity distributor.

“The changes reflect the dynamics of the market.
The periodic review of the main index and the sector indices is necessary to give the investors a reliable and transparent gauge of the market’s performance and trading activity,”
-Hans Sicat, PSE president and chief executive officer

Bloomberry Resorts Corp of ports magnate Enrique Razon replaced Henry Sy-led SM Development Corp during the last PSEi recomposition (Feb 2013)