RL Commercial REIT Inc. (RCR), the real estate investment trust of the Gokongwei group, will be included in the Philippine Stock Exchange index (PSEi) starting February 2, replacing Alliance Global Group Inc.
RCR’s inclusion reflects its strong market capitalization, liquidity, and compliance with the exchange’s minimum free float requirement of 20 percent, along with other financial criteria. Joining the PSEi is significant as it raises the company’s profile, typically attracts more institutional investors, and can improve trading liquidity.
In other index changes, Premiere Island Power REIT Corp. will join the Property index, while OceanaGold (Philippines) Inc. and Universal Robina Corp. will be added to the PSE Dividend Yield index. Alliance Global and Apex Mining Co. will move to the PSE MidCap index.
