Connect with us

Hi, what are you looking for?


PSEi re-entry seen to boost liquidity of DMCI, UnionBank

DMCI Holdings, Inc. and Union Bank of the Philippines are seen to improve their liquidity and stock valuation after their re-entry to the Philippine Stock Exchange index (PSEi), according to analysts.

“Admittedly… such inclusions or removals from the PSEi do impact the stock prices of the firms involved, and trading the potential candidates can be a profitable — albeit somewhat risky — enterprise,” Globalinks Securities and Stocks, Inc. Head of Sales Trading Toby Allan C. Arce said in a Viber message

“There are clearly liquidity benefits to inclusion into the PSEi, and the juice just might have been squeezed for these companies,” he added.

“There was little surprise as investors were making bets as early as December as to which names would be included in the index,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

“Active funds may have bought in anticipation of the release while passive funds will implement the changes by the deadline,” Mr. Limlingan said, adding that “trading activity will likely pick up towards the actual rebalancing date.”

On Friday, the Philippine Stock Exchange, Inc. announced that DMCI and UnionBank will be replacing Megaworld Corp. and Robinsons Land Corp. (RLC) in the main index starting Feb. 6, 2023 as a result of its index review in 2022.

DMCI will be rejoining the PSEi after a year while UnionBank will be rejoining the index after 14 years. Once realized, Megaworld and Robinsons will be under the property index.

To be considered for inclusion in the main index, the company must be among the top in terms of liquidity and market capitalization and have at least a 20% free float level.

The financials index will also have changes with the local bourse operator joining to replace East West Banking Corp.

Vitarich Corp., a member of the industrials index, will be removed and replaced by Basic Energy Corp. and The Keepers Holdings, Inc.

The property index will be welcoming four new members, namely: D.M. Wenceslao & Associates, Inc., Filinvest REIT Corp. (FILRT), MREIT, Inc., and RL Commercial REIT, Inc. (RCR) after the removal of Philippine Infradev Holdings, Inc. and Philippine Estates Corp.

The service index will soon have AllDay Marts, Inc. and Medilines Distributors, Inc. and will bid goodbye to Metro Retail Stores Group, Inc. and Philippine Seven Corp.

Benguet Corp. is set to be removed from the mining and oil index, while Lopez Holdings Corp. will be joining the index for holding firms.

After the rebalancing, the PSE MidCap index will have China Banking Corp., Filinvest REIT Corp., Megaworld, MREIT, RCR, RLC, and Synergy Grid & Development Phils., Inc.

For the PSE Dividend Yield index, Citicore Energy REIT Corp., UnionBank and Security Bank Corp. will replace Bank of the Philippine Islands, DDMP REIT, Inc. and FILRT. — Justine Irish D. Tabile

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



The Bank of the Philippines Islands (BPI) secured back-to-back awards from a multitude of notable local and regional awarding entities throughout 2022. These recognitions...


A glittering night of celebration for the UK’s 140 finalists of the Business Champion Awards. Over 300 guests filled the East Wintergardens in London’s...


THE PHILIPPINE government should take time to study the transport modernization program and execute it properly rather than rush the whole process, according to...


Shinagawa Healthcare Solutions Corp. is preparing to open a diagnostic and preventive care center in Bonifacio Global City (BGC) next month, the company’s president...


The Philippine government is planning to launch a retail dollar bond offering next month, Finance Secretary Benjamin E. Diokno said. “We plan to launch...


Fisherfolk, farmers, children, and individuals residing in rural areas remained the poorest sectors in 2021, according to the Philippine Statistics Authority (PSA). Preliminary estimates...

You May Also Like


Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.