Emperador enters top 30 PSE companies, Philex Mining exits

The Philippine Stock Exchange (PSE) said that Andrew Tan-led liquor firm Emperador Inc. has entered the top 30 companies to be traded under the benchmark Philippine Stock Exchange index, replacing Philex Mining Corp’s slot in the elite index.

“Effective September 15, 2014, Emperador Inc. will be a member of the 30 stock PSE index (PSEi), replacing Philex Mining Corp.,” the PSE said, adding that “inclusion in the PSEi requires a listed company to rank among the top companies in terms of liquidity and full market capitalization.”