Was browsing the Philippine Stock Exchange website when I spotted this memo.
A new 30 company composition will be effective come September 10, 2012. Memo number CN - No. 2012-0045 (click here to read full detail) listed the follwing 30 stocks to make up the PSEi.
Base on the above memo such new list is based on the following criteria:
- Free float level of at least 12%
- Trading liquidity must be among the top 25% by median daily value per month for at least 9 out of 12 moths
- Top 30 based on full market capitalization
Of the current list Cebu Pacific(CEB) will be taken out and Petron Corporation(PCOR) will make its entry.