Philippine Stock Exchange announces changes to main index

MANILA -- The Philippine Stock Exchange announced changes to its main index starting Tuesday, September 26.

In a memorandum, the state bourse said the Metro Pacific Investments Corporation (MPIC) is on its way out after it decided to go private.

• Metro Pacific formally files voluntary delisting with PSE

MPIC said Wednesday that its tendered shares exceeded the required threshold needed for voluntary delisting.

Also out of the 30-member index is Aboitiz Power Corporation, after share buybacks brought its public float below the 20 percent threshold.

They will be replaced by Enrique Razon's Bloomberry Resorts and Century Pacific Food Inc.

• PSE net income climbs 11.6 percent in first half of 2023
• Century Pacific earmarks P3B for 2023 capex
• Solaire parent Bloomberry posts P6.4B profit in first half of 2023

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