|
|
Article: PHILIPPINES STOCK EXCHANGE REPLACES NON-PERFORMING COS.
- Article from:
- AsiaPulse News
- Article date:
- October 8, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MANILA, Oct 8 Asia Pulse - The Philippine Stock Exchange (PSE) has removed and replaced several companies as part of the index.
Francis Lim, PSE president and chief executive officer, said that based on the trading review they have conducted for the period July 1, 2007 to June 30, 2008, three companies in the PSEi will be replaced while eight companies made their way to the sector indices and 17 others were delisted.
Six of the eight new members of the various sector indices are companies that undertook their initial public offering (IPO) last year.
Lim said the change in the PSEi will be effective beginning November 14, 2008 and will be ...