MYNLD to join PSEi, replacing CNVRG
Maynilad Water Services, Inc. (MYNLD), which passed the eligibility requirements for early inclusion, will enter the benchmark PSE index (PSEi) effective August 3, 2026. MYNLD will take the spot of Converge Information…
Source: Philippine Stock Exchange · August 12, 2026 at 6:35 PM · AI-assisted report
Single-sourceKUALA LUMPUR, 13 AUGUST 2026 —
Maynilad Water Services, Inc. (MYNLD) will be added to the Philippine Stock Exchange Index (PSEi) effective August 3, 2026, replacing Converge Information and Communications Technology Solutions, Inc. (CNVRG). The move follows MYNLD’s strong post-IPO performance and its compliance with the PSE’s market capitalization and liquidity criteria.
MYNLD is the third company to qualify for early inclusion since the PSE introduced the rule in 2021. Its rapid share price growth and high trading demand enabled it to meet the index’s requirements. CNVRG, in turn, will transition to the PSE MidCap index, alongside Philex Mining Corporation, while Asia United Bank will be removed from the MidCap index.
Aboitiz Equity Ventures, Inc. will join the PSE Dividend Yield (PSE DivY) index, which will expand to 20 members.
The Industrial index will undergo the most changes, with MYNLD, Basic Energy Corporation, and Top Line Business Development Corp. replacing Concepcion Industrial Corporation, Pryce Corporation, and Vitarich Corporation. The Financials index will include Bank of Commerce and National Reinsurance Corporation of the Philippines, while Lopez Holdings Corporation will join the Holding Firms index. The Mining and Oil index will add The Philodrill Corporation.
In the Property sector, Vista Land & Lifescapes, Inc. and VistaREIT, Inc. will be removed, while the Services index will exclude AllDay Marts, Inc. and AllHome Corp. The adjustments follow Robinsons Retail Holdings, Inc.’s (RRHI) removal from the MidCap and DivY indices after its public float fell below the minimum requirement due to a tender offer.
The PSE’s July 2025 to June 2026 review maintained existing index policies, but future selections will prioritize stock liquidity under revised criteria. The new rules emphasize the Median Trading Activity Ratio (MTAR) and Monthly Average Daily Value Turnover (MADV). Major indices now require a 15% MTAR (10% for current members) and a top 25% MADV ranking for at least nine of the 12 review months.
Sector indices mandate a 7% MTAR and a top 50% MADV rank for eight of the 12 months.
The PSE has published the results of the index review and revised policy on its website (www.pse.com.ph). All materials are protected under copyright and intellectual property laws.
Related: Maynilad Water Services, Inc. (MYNLD), Converge Information and Communications Technology Solutions, Inc. (CNVRG) · Philippine Stock Exchange (PSE)
Malaysia Impact
The change in the Philippine Stock Exchange index may have minimal effect on oil prices and the ringgit, but it is unlikely to have a significant impact on the KLCI.