PSE Composite Index
The PSE Composite Index, or the PSEi (previously PHISIX), is a stock market index of the Philippine Stock Exchange (PSE) always consisting of 30 of the largest companies traded on the stock exchange.[1] This is in contrast to the PSE All Shares Index which is an index of all stocks traded on the PSE.
| Operator | Philippine Stock Exchange |
|---|---|
| Exchanges | Philippine Stock Exchange |
| Trading symbol | PSEi |
| Constituents | 30 |
| Type | Large cap |
| Related indices | PSE All Shares Index |
| Reuters | PSI |
| Bloomberg | PCOMP:IND |
The highest closing value was 9,041.20 on Friday, January 26, 2018. The highest intraday value was 9,078.37 on Monday, January 29, 2018.
It is the PSE's only broad-base index and is seen as an indicator of the general state of the Philippine business climate,[2] although its reliability as an indicator of the state of the broader Philippine economy has been questioned.[3]
The PSE revises the list at least twice a year based upon requirements that include a minimum public float level of 20% (increased from 12% in 2018) and criteria for market liquidity and market capitalization.[4]
Formula
The following formula is used by the PSE to calculate the index's value:
Where:
n = Total number of component companies (30)
= Closing price of company i at day t
= Available shares of company i at day t
= Company free float level (0 to 1), where 1 means 100% free float.
b = Free float-adjusted market capitalization base
Current components
These are current as of February 2022:[6]
| Company | Ticker symbol | Also a component of the |
|---|---|---|
| Aboitiz Equity Ventures | PSE: AEV | PSE Holding Firms Index |
| ACEN Corporation | PSE: ACEN | PSE Industrial Index |
| Alliance Global | PSE: AGI | PSE Holding Firms Index |
| Ayala Corporation | PSE: AC | PSE Holding Firms Index |
| Ayala Land | PSE: ALI | PSE Property Index |
| Banco de Oro | PSE: BDO | PSE Financials Index |
| Bank of the Philippine Islands | PSE: BPI | PSE Financials Index |
| Bloomberry | PSE: BLOOM | PSE Services Index |
| Century Pacific Food | PSE: CNPF | PSE Industrial Index |
| Converge ICT | PSE: CNVRG | PSE Services Index |
| DMCI Holdings | PSE: DMC | PSE Holding Firms Index |
| Emperador, Inc. | PSE: EMI | PSE Industrial Index |
| Globe Telecom | PSE: GLO | PSE Services Index |
| GT Capital | PSE: GTCAP | PSE Holding Firms Index |
| International Container Terminal Services | PSE: ICT | PSE Services Index |
| JG Summit Holdings | PSE: JGS | PSE Holding Firms Index |
| Jollibee Foods Corporation | PSE: JFC | PSE Industrial Index |
| LT Group | PSE: LTG | PSE Holding Firms Index |
| Meralco | PSE: MER | PSE Industrial Index |
| Metrobank | PSE: MBT | PSE Financials Index |
| Monde Nissin | PSE: MONDE | PSE Industrial Index |
| Nickel Asia Corporation | PSE: NIKL | PSE Mining and Oil Index |
| PLDT | PSE: TEL | PSE Services Index |
| Puregold | PSE: PGOLD | PSE Services Index |
| San Miguel Corporation | PSE: SMC | PSE Holding Firms Index |
| Semirara Mining and Power Corporation | PSE: SCC | PSE Mining and Oil Index |
| SM Investments Corporation | PSE: SM | PSE Holding Firms Index |
| SM Prime Holdings | PSE: SMPH | PSE Property Index |
| Universal Robina | PSE: URC | PSE Industrial Index |
| Wilcon | PSE: WLCON | PSE Services Index |
Previous components
| Company | Ticker symbol | Times included | Notes |
|---|---|---|---|
| ABS-CBN Corporation | PSE: ABS | Removed May 2008,[7] removed November 2009,[8] re-added May 2010,[9] removed September 2011[10] | |
| Belle Corporation | PSE: BEL | Component since September 2001,[11] removed May 2008,[7] re-added September 2011,[10] removed August 2013[12] | |
| Benpres Holdings | Component since September 2001[11] | Renamed into Lopez Holdings Corporation (PSE: LPZ) | |
| Bloomberry Resorts Corporation | PSE: BLOOM | Removed February 2022[13] | |
| C&P Homes | CMP | Component since September 2001[11] | Now part of Vista Land (PSE: VLL) |
| Cebu Pacific | PSE: CEB | Added September 2011,[10] removed September 2012[14] | |
| Chinabank | PSE: CHIB | Added May 2010[9] | |
| Digital Telecommunications Philippines | DGTL | Component since September 2001[11] | Bought by PLDT (PSE: TEL) |
| DMCI Holdings | PSE: DMC | Removed May 2008,[7] re-removed August 2021[15] | |
| Emperador, Inc. | PSE: EMP | Added September 2015,[16] removed March 2017,[17] re-added August 2020,[18] re-removed August 2021,[15] re-added February 2022[13] | |
| Empire East Land | PSE: EEI | Added April 2006[19] | |
| Energy Development Corporation | EDC | Removed September 2017[20] | Renamed into Lopez Holdings Corporation (PSE: LPZ) |
| Equitable PCI Bank | EPCI | Bought by Banco de Oro (PSE: BDO) | |
| Fil-Estate Land | Removed September 2001[11] | Bought by Alliance Global (PSE: AGI) | |
| Filinvest | PSE: FDC | Removed September 2001,[11] removed September 2011[10] | |
| First Philippine Holdings Corporation | PSE: FPH | Removed September 2011[10] | |
| GMA Network | PSE: GMA7 | Added May 2009[21] | |
| Holcim Philippines | PSE: HLCM | Removed April 2006[19] | |
| La Tondeña Distillers | LTDI | Component since September 2001[11] | Bought by San Miguel Corporation (PSE: SMC); renamed as Ginebra San Miguel (PSE: GSMI) |
| Lepanto Mining | PSE: LC and LCB | Removed September 2011[10] | |
| Manila Mining | PSE: MA and MAB | Added April 2006[19] | |
| Music Corporation | MUSX | Added September 2001[11] | Now Green Holdings, Inc. (PSE: GREEN) |
| Petron Corporation | PSE: PCOR | Removed May 2008,[7] re-added May 2009,[21] re-added September 2012,[14] removed February 2018[22] | |
| Philex Mining | PSE: PX | Removed September 2015[16] | |
| Philippine National Bank | PSE: PNB | Component since September 2001,[11] re-added May 2008[7] | |
| Philippine Stock Exchange | PSE: PSE | Added November 2009[8] | |
| Piltel | PLTL | Added September 2001,[11] removed April 2006[19] | Bought by PLDT (PSE: TEL) |
| Rizal Commercial Banking Corporation | PSE: RCBC | Added May 2008,[7] removed November 2009[8] | |
| Robinsons Retail Holdings | PSE: RRHI | Removed February 2022[13] | |
| Semirara Mining and Power Corporation | PSE: SCC | Added September 2011,[10] removed August 2020[18] | |
| SM Development Corporation | PSE: SMDC | Added September 2011,[10] removed March 2013[23] | |
| Southeast Asia Cement Holdings | CMT | Added September 2001[11] | |
| Unionbank | PSE: UBP | Added May 2008, re-added May 2009[21] | |
| Union Cement | Added September 2001[11] | Bought by Phinma Corporation (PSE: PHN) | |
| Vista Land | PSE: VLL | Added May 2008,[7] removed November 2009 |
See also
- PSE All Shares Index, index of almost all shares traded in the PSE
References
- "The Philippine Stock Exchange". Retrieved September 17, 2014.
- Balaba, Jeaneth Michelle L. (June 20–22, 2017). Does the Stock market Drive the Philippine Economy? (PDF). DLSU Research Congress 2017. Retrieved July 31, 2018.
- Heydarian, Richard Javad (March 20, 2013). "Philippine Stocks Crash: Symptom of Growing Economic Imbalances". HuffPost. Retrieved July 31, 2018.
- Resane, Andrea Mei B. (February 13, 2018). "No change in PSE index; sectors undergo revamp". BusinessWorld. Retrieved March 27, 2018.
- "PSE Policy on Index Management" (PDF).
- "PSEi revised, ACEN and CNVRG added". Manila Bulletin. August 5, 2021. Retrieved August 19, 2021.
- "PSE to change composition of indices on May 26". ABS-CBN News. April 28, 2008. Retrieved August 19, 2021.
- "PSE to join main index for the first time". ABS-CBN News. October 22, 2009. Retrieved August 19, 2021.
- "ABS-CBN back in PSE main index". ABS-CBN News. May 5, 2010. Retrieved August 19, 2021.
- Alcuaz, Coco (August 25, 2011). "San Miguel, Cebu Air, SMDC join index; darling stock Lepanto out". ABS-CBN News. Retrieved August 19, 2021.
- Mendez, Christina; Diaz, Conrado Jr. "PSE reconstitutes main index". Philstar.com. Retrieved August 19, 2021.
- Rivera, Danessa O. "LT Group, GT Capital replace Meralco, Belle Corp. in benchmark PSEi". GMA News Online. Retrieved August 19, 2021.
- "PSEi to move sideways on rebalancing, oil prices". BusinessWorld Online. February 6, 2022. Retrieved February 7, 2022.
- Miraflor, Madelaine B. (August 24, 2012). "Petron replaces Cebu Air at stock index". The Manila Times. Retrieved August 19, 2021.
- "PSEi revised, ACEN and CNVRG added". Manila Bulletin. August 5, 2021. Retrieved August 19, 2021.
- "Emperador a blue chip under revised PSE index". Philstar.com. Retrieved August 19, 2021.
- "Emperador out, Puregold in when PSEi recomposes in mid-March". BusinessMirror. February 22, 2017. Retrieved August 19, 2021.
- "Emperador set to join 30-company PSE index". Manila Standard. Retrieved August 19, 2021.
- "Holcim, Piltel taken out of stock index". The Manila Times. March 18, 2006. Retrieved August 19, 2021.
- Dumlao Abadilla, Doris (September 26, 2017). "RRHI to join PSEi, replacing EDC". INQUIRER.net. Retrieved August 19, 2021.
- Peña, Zinnia B. Dela. "PSE reconstitutes indices". Philstar.com. Retrieved August 19, 2021.
- Cabuag, V. G. (February 11, 2019). "Petron out, Bloomberry in at benchmark PSEi | VG Cabuag". BusinessMirror. Retrieved August 19, 2021.
- "New PSEi: Razon-led Bloomberry in, Sy-led SMDC out". Rappler. February 28, 2013. Retrieved August 19, 2021.
External links
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