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PSE changing sector indices composition on Feb 15

Published February 10, 2021, 5:30 AM The Philippine Stock Exchange, Inc. (PSE) is adding newly-listed firms in its sector indices while the main PSE index (PSEi) will see no changes in its composition. In a statement, the bourse said these changes are based on the regular stock performance review for the January to December 2020 period and will take effect on February 15, 2021. In terms of sector indices, ten companies will be added while seven will be removed. Among the ten listed firms are the three companies that listed on the main board in 2019 namely Axelum Resources Corporation (AXLM), AllHome Corporation (HOME), and Fruitas Holdings, Inc. (FRUIT).

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Index falls anew on concerns over vaccine rollout

Index falls anew on concerns over vaccine rollout Iris Gonzales © STAR/ File Index falls anew on concerns over vaccine rollout MANILA, Philippines The local stock market pared its losses, but stayed in negative territory yesterday as concerns over the slow rollout of the COVID-19 vaccine weighed down investor sentiment. The benchmark Philippine Stock Exchange index (PSEi) closed at 7,242.85, down 15.26 points or 0.21 percent. The broader All Shares index also slipped, declining by 2.83 points or 0.06 percent to end at 4,334.93. Among the subsectors, only mining and oil and financials finished higher, with the rest closing in the red. A total of P9.173 billion worth of shares changed hands yesterday, with advancers trumping losers, 131 to 105, while 37 issues were unchanged.

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