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Saturday, September 3, 2011

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



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