Five companies join blue chip index

Five companies join blue chip index

The Philippine Stock Exchange (PSE) announced that five companies will be joining its roster of blue chip firms under the PSE index or PSEi effective September 12.

As a result of its latest review covering trading activity from July 2010 to June 2011, the PSE said the five new companies that will become part of PSEi are Belle Corporation, Cebu Air Inc., San Miguel Corporation, Semirara Mining Corporation and SM Development Corporation.

These companies will replace ABS-CBN Corporation, Filinvest Land Inc., First Philippine Holdings Corp., Lepanto Consolidated Mining Company and Security Bank Corporation.

The PSEi consists of the country’s 30 most traded, most liquid and well-capitalized listed firms. See listed below.

	Company	Stock Code
1	Aboitiz Equity Ventures, Inc	AEV
2	Aboitiz Power Corporation	AP
3	Alliance Global Gruop, Inc	AGI
4	Ayala Corporation	AC
5	Ayala Land, Inc	ALI
6	Banco de Oro Unibank, Inc	BDO
7	Bank of the Philippine Islands	BPI
8	Belle Corporation	BEL
9	Cebu Air, Inc	CEB
10	DMCI Holdings, Inc	DMC
11	Energy Development Corporation	EDC
12	First Gen Corporation	FGEN
13	Globe Telecom, Inc	GLO
14	International Container Terminal Services, Inc	ICT
15	JG Summit Holdings, Inc	JGS
16	Jollibee Foods Corporation	JFC
17	Manila Electric Company	MER
18	Manila Water Company, Inc	MWC
19	Megaworld Corporation	MEG
20	Metro Pacific Investment Corporation	MPI
21	Metropolitan Bank and Trust Company	MBT
22	Philex Mining Corporation	PX
23	Philippine Long Distance Telephone Company	TEL
24	Robinsons Land Corporation	RLC
25	San Miguel Corporation	SMC
26	Semirara Mining Corporation	SCC
27	SM Development Corporation	SMDC
28	SM Investments Corporation	SM
29	SM Prime Holdings, Inc	SMPH
30	Universal Robina Corporation	URC

The Exchange is effecting this September a change in the policy on calculating its main index, the PSEi. Revisions to the criteria for a company’s inclusion in the PSEi include, among others, a higher public float requirement of 12 percent from the previous 10 percent, and improved measurements in determining liquidity and market capitalization.

Source.

www.pse.com.ph