One major change would allow big companies, those worth at least P120 billion, to stay in key stock indices even if only 15 percent of their shares are publicly traded, down from the current 20 percent, based on the proposed rules seen by InsiderPH.
This gives more flexibility to large firms that don’t have a lot of shares in public hands.
The PSE is also introducing new rules to make sure listed companies are actively traded. Instead of just looking at volume, they’ll now check how often public shares are actually bought and sold using something called the Median Trading Activity Ratio, along with a new daily trading benchmark.
To qualify, companies must also meet a minimum market size and be among the top 98 percent in total market value. For the first time, firms from the Small, Medium & Emerging (SME) Board may also be included if they meet all the requirements.
The PSE is now asking for feedback from investors, brokers, and other stakeholders. Anyone interested must submit comments through a survey by June 20, 2025.
