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Stocks open week lower on profit-taking

Stocks open week lower on profit-taking
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MPIC, AboitizPower to exit PSE index • VG Cabuag

The Philippine Stock Exchange Inc. (PSE) will remove conglomerate Metro Pacific Investments Corp. (MPIC) and Aboitiz Power Corp. from the benchmark index the PSEi as both firms fell below the minimum public float requirement of 20 percent. The two firms will be replaced by Enrique Razon Jr.’s Bloombery Resorts Corp. and tuna canner Century Pacific Food Inc.

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