Maynilad to replace Converge in PSEi

Maynilad to replace Converge in PSEi | Daily Tribune

"MYNLD is only the third company to qualify for early PSEi inclusion since we introduced this rule in 2021. MYNLD's stellar post-IPO share price growth and the demand for its stock allowed the company to easily meet the market capitalization and liquidity criteria for index membership," PSE President and Chief Executive Officer Ramon S. Monzon said.

Maynilad debuted on the Philippine Stock Exchange on Nov. 7, 2025, under the ticker symbol MYNLD. The IPO was priced at P15.00 per share, raising about P34.34 billion and becoming the second-largest IPO in Philippine history.

The PSE said Converge will be relegated to the PSE MidCap Index, which will also add Philex Mining Corp., while Asia United Bank will exit the index. Meanwhile, Aboitiz Equity Ventures Inc. will join the PSE Dividend Yield (PSE DivY) Index, completing its 20-member roster.

The exchange also noted that Robinsons Retail Holdings Inc. (RRHI) was removed from both the MidCap and PSE DivY indices effective 16 July 2026, after trading in its shares was suspended following the completion of a tender offer that reduced its public float below the PSE's minimum public ownership requirement.

Among the sector indices, the Industrial Index will undergo the biggest reshuffle, with Basic Energy Corp., Maynilad and Top Line Business Development Corp. replacing Concepcion Industrial Corp., Pryce Corp. and Vitarich Corp.

The Financials Index will add Bank of Commerce and National Reinsurance Corp. of the Philippines, while Lopez Holdings Corp. will join the Holding Firms Index and The Philodrill Corp. will be included in the Mining and Oil Index.

Meanwhile, Vista Land & Lifescapes Inc. and VistaREIT Inc. will be removed from the Property Index, while AllDay Marts Inc. and AllHome Corp. will exit the Services Index.

Monzon noted that the latest review, covering the July 2025 to June 2026 period, was conducted under the PSE's existing index methodology.

However, the next review, covering the January to December 2026 period, will be conducted under the exchange's revised index policy, which places greater emphasis on stock liquidity.

Under the new rules, companies seeking inclusion in the major indices must meet both the Median Trading Activity Ratio (MTAR) and Monthly Average Daily Value Turnover (MADV) thresholds over a 12-month review period.

Major index constituents must post at least a 15 percent MTAR, or 10 percent for existing members, and rank within the top 25 percent in MADV for at least nine of the 12 months. Companies seeking inclusion in sector indices must meet a 7 percent MTAR and rank within the top 50 percent in MADV for at least eight months.