Gokongwei's RL Commercial REIT replaces AGI in PSE index reshuffle

The Gokongwei family-led RLC Residences REIT Corp. (RCR) replaced Alliance Global Group Inc. (AGI) in the 30-member Philippine Stock Exchange index following the latest annual review based on January to De 2025 trading data.

The PSE said on Monday that AGI moved to the PSE MidCap index, while RCR exited that list. The change takes effect on Feb. 2 this year. 

RCR is the real estate investment trust arm of Robinsons Land Corp. Its shares gained over 30 percent in the past 12 months as traders bet on its index inclusion and growth story. 

AGI is the property, liquor, gambling and fast food holding company of tycoon Andrew Tan. Its stock priced slumped over 10 percent over the past year. 

Jericho P. Go

RCR president, CEO 

Midcap and dividend moves

In the PSE MidCap index, AGI was added alongside Apex Mining Co. Inc., while DoubleDragon Corp. was removed. 

The PSE Dividend Yield index added OceanaGold Philippines Inc. and Universal Robina Corp. It also dropped The Keepers Holdings Inc. and Security Bank Corp.

Sector shifts

At the sector level, National Reinsurance Corp. of the Philippines was removed from Financials, while Atlas Consolidated Mining and Development Corp., ATN Holdings Inc., and Shakey’s Pizza Asia Ventures Inc. exited Industrials. 

Premiere Island Power REIT was added to Property and Benguet Corp. joined Mining and Oil, moves that are likely to drive short-term portfolio adjustments by index-tracking funds.

—Edited by Miguel R. Camus