The story
On July 21, 2026, the PSE introduced modifications to the PSEi inclusion criteria in addition to the above qualifications and scheduled to take effect starting from the regular rebalancing in February 2027. According to the PSE, the changes are meant to align its market indices with global counterparts.
An additional market capitalization filter is set to be implemented such that only stocks within the top 98% in full market capitalization in the Philippine Stock Exchange shall be considered for inclusion in the PSEi (and likewise the PSE MidCap and PSE DivY indices).
Assessing market liquidity will be replaced with the monthly average daily value (MADV) turnover and median trading activity ratio (MTAR) metrics.
The minimum public float requirement has been lowered to 15% for companies with total market capitalization of at least PHP 250 Billion, provided that the revised market capitalization and market liquidity requirements are met. This criteria is seen to allow for inclusion of mega-cap issuances into the equity index.
However, the PSE maintained the semi-annual review frequency and coverage to its indices despite significant changes in the index inclusion criteria.
From Wikipedia’s article on PSE Composite Index, shared under CC BY-SA 4.0.3