Maynilad, Apex Mining added to MSCI Philippines Small Cap Index

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February 13, 2026 | 12:00am

MANILA, Philippines — Maynilad Water Services Inc., chaired by business titan Manuel V. Pangilinan, and Apex Mining Co. Inc. of tycoon Enrique Razon Jr. will be added to the MSCI Philippines Small Cap Index following the results of the February 2026 Index Review for the MSCI Equity Indexes.

Maynilad made its stock market debut in November last year after raising P34.3 billion from its maiden offering, the second-largest initial public offering in Philippine Stock Exchange history.

Apex Mining, meanwhile, operates the Maco Gold Mine in Davao de Oro, while its fully owned subsidiary, Itogon-Suyoc Resources, operates two mines in Benguet.

Maynilad’s share price rose by 2.70 percent to P20.15 yesterday, while that of Apex Mining jumped by 2.40 percent to P15.34.

No securities were deleted in the MSCI Philippines Small Cap Index despite the inclusion of Maynilad and Apex Mining.

There will also be no changes, meanwhile, to the MSCI Philippines Index, which is designed to measure the performance of the large- and mid-cap segments of the Philippine market.

All changes from the index review will be implemented as of the close of Feb. 27, 2026.

MSCI Inc. is a leading provider of critical decision support tools and services for the global investment community.

A total of 63 securities will be added to, and 61 securities will be deleted from, the MSCI All Country World Index (ACWI) Index.

Meanwhile, there will be 204 additions to and 134 deletions from the MSCI ACWI Small Cap Index.