ABSTRACT
Eligible securities include listed and ordinary shares, both fully and partly paid shares, rights and delivery shares, and listed trust units which are selected on the basis of market capitalization and trading volume. Effective February 28, 1990, the Manila Stock Exchange adopted the present computation methodology while maintaining the historical continuity of the index and subindices by adopting their respective closing index values on the new base date. Seven sectoral subindices: Finance, utilities, properties, consolidated enterprises, industrials, hotels, and miscellaneous companies. Emphasis for the selection process for replacement stocks is on the maintenance of industrial classifications. The index was launched in 1990 following the separation of the Stock Exchange of Singapore and the Kuala Lumpur Stock Exchange. Constituent shares are selected on the basis of various qualitative and quantitative factors. The divisor adjusted to eliminate the effect of bonus and rights issues to keep the current index numbers comparable to the base period.
