RL Commercial REIT, Inc. (RCR) has been added to the 30-member Philippine Stock Exchange index (PSEi) and will replace Alliance Global Group beginning Feb. 2, the bourse said on Monday.
The company will be the second real estate investment trust company to join the benchmark index after AREIT Inc. was added last year.
Alliance Global will replace Rl Commercial in the MidCap index, which will also see the inclusion of Apex Mining Co. Inc. and the removal of DoubleDragon Corp., the PSE said.
Universal Robina Corp., meanwhile, will return to the PSE Dividend Yield index, which will also have OceanaGold (Philippines), Inc. as a new constituent. The two companies will replace The Keepers Holdings Inc. and Security Bank Corp.
“The regular index review ensures that the companies included in the indices are the best representatives of these benchmarks based on our set criteria,” PSE President and CEO Ramon Monzon said in a statement.
“Despite headwinds and volatility in the stock market, the PSE MidCap and PSE Dividend Yield indices have significantly outperformed the PSEi in the last two years,” he added.
The bourse said that aside from liquidity and market capitalization criteria, a publicly listed company should have a free float level of at least 20 percent of its outstanding shares. Relevant financial criteria was also considered during the latest review, which covered trading activity from January to December 2025.
Of the six sector indices, two — holding firms and services indices — will maintain their current composition.
No new companies will be added to the financials and industrial indices but National Reinsurance Corp. of the Philippines will be dropped from the former while Agrinurture Inc., ATN Holdings, Inc. and Shakey’s Pizza Asia Ventures, Inc. will leave the latter.
Premiere Island Power REIT Corp. and Benguet Corp. will respectively join the property and mining and oil indices, which will see no departures.
