PSEi revamp: Maynilad in, Converge out

business / Headlines / Featured Headlines / Featured PSEi revamp: Maynilad in, Converge out By: Emmanuel John B. Abris - @inquirerdotnet Philippine Daily Inquirer / 02:03 AM July 28, 2026 Share: FILE PHOTO: PSE Center INQUIRER FILES MANILA, Philippines — Converge ICT Solutions Inc. will exit the Philippine Stock Exchange Index (PSEi), making way for newly listed Maynilad Water Services Inc.

in the latest review of the country’s benchmark stock gauge. In a memorandum issued on Monday, the local bourse said Maynilad would replace Converge in the 30-member PSEi following its regular review of the PSEi, PSE Dividend Yield (PSE DivY), PSE MidCap and sector indices. READ: Maynilad might enter PSEi by Aug–study Article continues after this advertisement Juan Paolo Colet, managing director at investment bank China Bank Capital Corp.

, said the addition of Maynilad and removal of Converge from the main index was largely anticipated, so the market should not expect a volatile rebalancing of these stocks.FEATURED STORIES BUSINESS About P7/liter fuel price hike set on July 28 BUSINESS DOE chief eyes keeping Semirara coal for domestic use BUSINESS BIR clarifies one-time abatement program for micro taxpayers “Investors will soon set their sights on stocks that will be impacted by the rebalancing in February 2027 when the PSE’s new index policy will take effect,” Colet said. Trading Edge chief investment strategist Ron Acoba likewise pointed out that Converge, along with DigiPlus Interactive Corp.

, had the smallest market cap among the PSEi constituents. The review covered trading activity from July 2025 to June 2026 and was conducted under the PSE Policy on Index Management. The changes will take effect on Aug.

3. While Converge will leave the benchmark index, it will remain part of the PSE MidCap Index, joining Philex Mining Corp. as new constituents.

Asia United Bank, meanwhile, will be removed from the MidCap index. Article continues after this advertisement The review also brought changes to several sector indices. For the PSE Dividend Yield Index, Aboitiz Equity Ventures Inc.

was added. Article continues after this advertisement In the Financials Index, Bank of Commerce and National Reinsurance Corp. of the Philippines were included.

The Industrial Index saw the biggest reshuffle, with Basic Energy Corp., Maynilad and Top Line Business Development Corp. joining.

They replaced Concepcion Industrial Corp., Pryce Corp. and Vitarich Corp.

READ: GCash looms as PSEi review wildcard Meanwhile, Lopez Holdings Corp. was added to the Holding Firms Index. The Property Index excluded Vista Land & Lifescapes Inc.

and VREIT Inc. The Services Index also shrank, with AllDay Marts Inc. and AllHome Corp.

both removed. In the Mining and Oil Index, The Philodrill Corp. was added.

The latest review follows the revision of the Policy on Index Management, which will take effect at the 2027 rebalancing cycle. Your subscription could not be saved. Please try again.

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Under the current review, the exchange applied the existing methodology to assess the eligibility of companies based on trading activity during the 12-month review period. INQ READ NEXT PSEi revamp: Maynilad in, Converge out PH motorcycle sales up 4% in 1st semester amid skyrocketing fu... EDITORS' PICK Angara cites education milestones ahead of Marcos’ 5th Sona TRANSCRIPT: President Marcos’ 5th State of the Nation Address (Part 2) Sona 2026: Marcos says cases soon to be filed vs Romualdez Marcos revives push for nuclear energy program Marcos extends tax relief to Filipinos hit by Middle East crisis Sona 2026: Marcos says P800M flood control funds recovered MOST READ More than half of 24 senators absent from Marcos’ Sona: Here’s why No confirmation yet on Padilla chief of staff’s reported resignation Japanese women lead world in life expectancy for 41st straight year PCSO July 27 lotto draws: No jackpot winners in Grand, Mega Lotto View comments EDITORS' PICK MOST READ newsinfo Angara cites education milestones ahead of Marcos’ 5th Sona newsinfo TRANSCRIPT: President Marcos’ 5th State of the Nation Address (Part 2) newsinfo Sona 2026: Marcos says cases soon to be filed vs Romualdez newsinfo Marcos revives push for nuclear energy program business Marcos extends tax relief to Filipinos hit by Middle East crisis newsinfo Sona 2026: Marcos says P800M flood control funds recovered newsinfo More than half of 24 senators absent from Marcos’ Sona: Here’s why newsinfo No confirmation yet on Padilla chief of staff’s reported resignation globalnation Japanese women lead world in life expectancy for 41st straight year newsinfo PCSO July 27 lotto draws: No jackpot winners in Grand, Mega Lotto newsinfo Sona 2026: Marcos says cases vs Romualdez to proceed business A second life for worn-out polymer bank