In a statement by Phil. Stock Exchange president Hans Sicat, he said that this is a result of a regular assessment of the main index to reflect the current market of the Philippines.
Manila Electric Company (MER) and Belle Company (BEL) will be kicked out (harsh term) of the index so you may expect a bit of temporary selling pressure; it's possible that it may be overly done in which case, it's a possible opportunity buy because even if they were removed from the index, their business and management remain the same.
In my personal opinion, I don't get why newly created corporations such as LTG and BLOOM got "indexed". Yes, they seem reputable, but shouldn't PSE give them the chance to prove themselves first and create a good track record? I mean compared to Jollibee Foods Corporation which has been here since the 70's, LTG and BLOOM are babies. Anyway, they seem to be well-managed so most likely their businesses will do good; plus they are right on the spot in terms of liquidity, market capitalization, and free float level (criteria of being in the Philippine Stock Market Index).
Mark the date: September 16, 2013. Happy trading!