The Philippine Stock Exchange has released the latest results of  our index stocks. It consist of new stocks and those that will be removed from each sector indexes. There are also amendments to the selection criteria. The results came out after trading hours and was released by the PSE board.

You can check the official results link here https://documents.pse.com.ph/CircularOPSPDF/CN-2021-0046.pdf

1. There is an increase in free float level requirements from 15% to 20%

2. Early inclusion provision for issuances that can comply with specific size and liquidity criteria

3. Adjustment to the rules for insertions and removals wherein a listed company shall be included in the PSEI if it ranks 25^th or higher and shall be excluded in the PSEI if it ranks 36^th or lower in terms of market capitalization

Among these new list were major stocks reshuffle

IN: ACEN, CNVRG OUT: DMC, EMP

The re-composition of indices will take effect on August 16, 2021.

For Blue chip Index

For the Industrial Index

For the Industrial index

Property Index

Services Index

Holding Indexes

Mining Indexes

Financials index: RCB out Industrial index: ACR in; EEI, PIZZA, PNX out Holding Firms index: ABA in, LPZ out Property index: ALCO, DMW out Services index: CNVRG, PHA in; STI, TUGS out Mining & Oil index: AT, MARC, ORE in; CPM out

Expecting re-positioning of stocks tomorrow by the fund managers.

The index managed to move up for the third day of trading as investors and traders digest the good news of company earnings yesterday.

The market had more reasons to celebrate at the moment. Yesterday, the Philippines received the donated vaccines from the United states with 3Million doses of Moderna vaccine. These vaccines came from the Covax facility which is regulated by the World health organization. It came at the right moment as the Metro Manila mayors are expected to expedite vaccination drive during the upcoming Enhanced community quarantine in National capital region this August 6-20, 2021

Currently less than 17% of the population have received vaccination shots or less than 10 million people have completed their jabs.

Modest gains recorded in blue chip stocks

1ICT4.61%

2AP1.74%

3BDO1.71%

4MBT1.66%

5PGOLD1.52%

6LTG1.43%

7URC1.28%

8BLOOM1.25%

9AEV1.14%

10MPI1.11%

The battered penny stocks manage to recover some of its losing ground also for the past few days. Basic Energy corporation led the group with an upside move of more than 17% on its peak.

Broader share index in Asian markets were also mostly in green.