In a report by BusinessWorld, the Philippine Stock Exchange announced that Maynilad Water Services, Inc. will replace Converge ICT Solutions, Inc. in the PSEi index, effective Aug. 3. The decision came from the exchange's latest review covering trading activity from July 2025 to June 2026.
Maynilad, the water concessionaire for the West Zone of Metro Manila, currently trades on the PSE's small-cap board. Its inclusion in the PSEi reflects improved market capitalization and liquidity.
Converge, a fiber broadband provider, has seen its stock performance decline, leading to its removal from the benchmark index. The PSE said the changes are part of the regular index rebalancing process.