These will replace Nickel Asia Corp. and Wilcon Depot Inc., which will exit the country’s premier index.
Effective Feb. 3, 2025, these updates also bring Robinsons Land Corp. to the PSE Dividend Yield Index, replacing International Container Terminal Services Inc.
Meanwhile, the PSE MidCap Index welcomes Nickel Asia Corp., Philippine Seven Corp., and Wilcon Depot Inc., while removing AREIT Inc., China Banking Corp., and DDMP REIT Inc.
In the Industrial Index, Pryce Corp. joins, while Fruitas Holdings Inc. exits the sector-specific index.
Management's view
“It is notable that our very first listed REIT has also become the first REIT to make it to the PSEi," said PSE president and CEO Ramon Monzon.
"This shows the immense potential REITs have as an investment product, and serves as a good example for REIT issuers that aspire to maximize this particular type of listing vehicle,” he added.
To qualify for inclusion in the indices, a listed firm must rank among the top companies in terms of liquidity and market capitalization.
It is also required to maintain a free float level of at least 20 percent of its outstanding shares. Additionally, the PSE considers relevant financial criteria when evaluating index composition.