Insider Spotlight
The change follows the bourse’s regular annual review covering trading from July 2024 to June 2025.
Why it matters:
Market watchers have anticipated PLUS’s entry for months, citing its growing market capitalization and liquidity since its listing. Its addition is expected to draw fresh investor interest and potentially trigger passive fund rebalancing in favor of the stock.
The details:
- PSEi: PLUS replaces BLOOM in the 30-member benchmark.
- PSE Dividend Yield: KEEPR and PGOLD replace FCG and URC.
- PSE MidCap: AUB, BLOOM, and OGP replace GMAT7, PCOR, and PLUS.
- Other sectoral changes include additions such as NRCP in Financials, CIC, CREC, and VITA in Industrials, and ATN in Holding Firms.
Context:
The PSE index review, guided by the exchange’s Policy on Index Management, evaluates market capitalization, liquidity, and free float. Inclusions and exclusions often lead to significant trading activity as index-tracking funds adjust holdings.
The bottom line:
PLUS’ inclusion underscores its rapid rise in market stature and positions it to benefit from enhanced investor visibility. Traders will be watching its price action closely in the run-up to the Aug. 18 effectivity date.