The Philippine Stock Exchange will revise the composition of its benchmark and sector indices on May 26 to encourage companies to expand their ownership and boost market growth.
The changes followed a review of 2007 trading activity, the bourse said.
"As we complete another review of the indices, we in the PSE reiterate our position that the free float methodology in computing the index benefits both investors and the listed companies alike," PSE president Francis Lim said.
"That's because the exercise encourages companies to increase their free float. In the process, they increase the level of activity in our market, and this increased activity in turn helps enhance the value of the stocks."
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PSE to change composition
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