The Philippine Stock Exchange (PSE) will add Maynilad to its benchmark index and remove Converge ICT, according to a report from Google News — retail Philippines
The rebalancing follows the PSE’s periodic review of index constituents, which aims to ensure the index reflects the most active and representative companies on the exchange. Maynilad, a water utility concessionaire, takes the spot previously held by Converge ICT, a fiber broadband provider.
The change will take effect on the next scheduled index adjustment date, though the report did not specify the exact timeline. Investors and fund managers who track the benchmark may need to update their holdings accordingly.