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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.

PSE Composite Index
OperatorPhilippine Stock Exchange
ExchangesPhilippine Stock Exchange
Trading symbolPSEi
Constituents30
TypeLarge cap
Related indicesPSE All Shares Index
ReutersPSI
BloombergPCOMP:IND

The highest closing value was 9,041.20 on Friday, January 26, 2018.[citation needed] The highest intraday value was 9,078.37 on Monday, January 29, 2018.[citation needed]

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.[by whom?][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 edit

The following formula is used by the PSE to calculate the index's value:

[5]

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 edit

These are current as of February 2022:[6]

CompanyTicker symbolAlso a component of the
Aboitiz Equity VenturesPSE: AEVPSE Holding Firms Index
ACEN CorporationPSE: ACENPSE Industrial Index
Alliance GlobalPSE: AGIPSE Holding Firms Index
Ayala CorporationPSE: ACPSE Holding Firms Index
Ayala LandPSE: ALIPSE Property Index
Banco de OroPSE: BDOPSE Financials Index
Bank of the Philippine IslandsPSE: BPIPSE Financials Index
BloomberryPSE: BLOOMPSE Services Index
Century Pacific FoodPSE: CNPFPSE Industrial Index
Converge ICTPSE: CNVRGPSE Services Index
DMCI HoldingsPSE: DMCPSE Holding Firms Index
Emperador, Inc.PSE: EMIPSE Industrial Index
Globe TelecomPSE: GLOPSE Services Index
GT CapitalPSE: GTCAPPSE Holding Firms Index
International Container Terminal ServicesPSE: ICTPSE Services Index
JG Summit HoldingsPSE: JGSPSE Holding Firms Index
Jollibee Foods CorporationPSE: JFCPSE Industrial Index
LT GroupPSE: LTGPSE Holding Firms Index
MeralcoPSE: MERPSE Industrial Index
MetrobankPSE: MBTPSE Financials Index
Monde NissinPSE: MONDEPSE Industrial Index
Nickel Asia CorporationPSE: NIKLPSE Mining and Oil Index
PLDTPSE: TELPSE Services Index
PuregoldPSE: PGOLDPSE Services Index
San Miguel CorporationPSE: SMCPSE Holding Firms Index
Semirara Mining and Power CorporationPSE: SCCPSE Mining and Oil Index
SM Investments CorporationPSE: SMPSE Holding Firms Index
SM Prime HoldingsPSE: SMPHPSE Property Index
Universal RobinaPSE: URCPSE Industrial Index
WilconPSE: WLCONPSE Services Index

Previous components edit

CompanyTicker symbolTimes includedNotes
ABS-CBN CorporationPSE: ABSRemoved May 2008,[7] removed November 2009,[8] re-added May 2010,[9] removed September 2011[10]
Belle CorporationPSE: BELComponent since September 2001,[11] removed May 2008,[7] re-added September 2011,[10] removed August 2013[12]
Benpres HoldingsComponent since September 2001[11]Renamed into Lopez Holdings Corporation (PSE: LPZ)
Bloomberry Resorts CorporationPSE: BLOOMRemoved February 2022[13]
C&P HomesCMPComponent since September 2001[11]Now part of Vista Land (PSE: VLL)
Cebu PacificPSE: CEBAdded September 2011,[10] removed September 2012[14]
ChinabankPSE: CHIBAdded May 2010[9]
Digital Telecommunications PhilippinesDGTLComponent since September 2001[11]Bought by PLDT (PSE: TEL)
DMCI HoldingsPSE: DMCRemoved May 2008,[7] re-removed August 2021[15]
Emperador, Inc.PSE: EMPAdded September 2015,[16] removed March 2017,[17] re-added August 2020,[18] re-removed August 2021,[15] re-added February 2022[13]
Empire East LandPSE: EEIAdded April 2006[19]
Energy Development CorporationEDCRemoved September 2017[20]Renamed into Lopez Holdings Corporation (PSE: LPZ)
Equitable PCI BankEPCIBought by Banco de Oro (PSE: BDO)
Fil-Estate LandRemoved September 2001[11]Bought by Alliance Global (PSE: AGI)
FilinvestPSE: FDCRemoved September 2001,[11] removed September 2011[10]
First Philippine Holdings CorporationPSE: FPHRemoved September 2011[10]
GMA NetworkPSE: GMA7Added May 2009[21]
Holcim PhilippinesPSE: HLCMRemoved April 2006[19]
La Tondeña DistillersLTDIComponent since September 2001[11]Bought by San Miguel Corporation (PSE: SMC); renamed as Ginebra San Miguel (PSE: GSMI)
Lepanto MiningPSE: LC and LCBRemoved September 2011[10]
Manila MiningPSE: MA and MABAdded April 2006[19]
Music CorporationMUSXAdded September 2001[11]Now Green Holdings, Inc. (PSE: GREEN)
Petron CorporationPSE: PCORRemoved May 2008,[7] re-added May 2009,[21] re-added September 2012,[14] removed February 2018[22]
Philex MiningPSE: PXRemoved September 2015[16]
Philippine National BankPSE: PNBComponent since September 2001,[11] re-added May 2008[7]
Philippine Stock ExchangePSE: PSEAdded November 2009[8]
PiltelPLTLAdded September 2001,[11] removed April 2006[19]Bought by PLDT (PSE: TEL)
Rizal Commercial Banking CorporationPSE: RCBCAdded May 2008,[7] removed November 2009[8]
Robinsons Retail HoldingsPSE: RRHIRemoved February 2022[13]
Semirara Mining and Power CorporationPSE: SCCAdded September 2011,[10] removed August 2020[18]
SM Development CorporationPSE: SMDCAdded September 2011,[10] removed March 2013[23]
Southeast Asia Cement HoldingsCMTAdded September 2001[11]
UnionbankPSE: UBPAdded May 2008, re-added May 2009[21]
Union CementAdded September 2001[11]Bought by Phinma Corporation (PSE: PHN)
Vista LandPSE: VLLAdded May 2008,[7] removed November 2009


See also edit

References edit

  1. ^ "The Philippine Stock Exchange". Retrieved September 17, 2014.
  2. ^ 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.
  3. ^ Heydarian, Richard Javad (March 20, 2013). "Philippine Stocks Crash: Symptom of Growing Economic Imbalances". HuffPost. Retrieved July 31, 2018.
  4. ^ Resane, Andrea Mei B. (February 13, 2018). "No change in PSE index; sectors undergo revamp". BusinessWorld. Retrieved March 27, 2018.
  5. ^ "PSE Policy on Index Management" (PDF).
  6. ^ "PSEi revised, ACEN and CNVRG added". Manila Bulletin. August 5, 2021. Retrieved August 19, 2021.
  7. ^ a b c d e f g "PSE to change composition of indices on May 26". ABS-CBN News. April 28, 2008. Retrieved August 19, 2021.
  8. ^ a b c "PSE to join main index for the first time". ABS-CBN News. October 22, 2009. Retrieved August 19, 2021.
  9. ^ a b "ABS-CBN back in PSE main index". ABS-CBN News. May 5, 2010. Retrieved August 19, 2021.
  10. ^ a b c d e f g h Alcuaz, Coco (August 25, 2011). "San Miguel, Cebu Air, SMDC join index; darling stock Lepanto out". ABS-CBN News. Retrieved August 19, 2021.
  11. ^ a b c d e f g h i j k l Mendez, Christina; Diaz, Conrado Jr. "PSE reconstitutes main index". Philstar.com. Retrieved August 19, 2021.
  12. ^ Rivera, Danessa O. "LT Group, GT Capital replace Meralco, Belle Corp. in benchmark PSEi". GMA News Online. Retrieved August 19, 2021.
  13. ^ a b c "PSEi to move sideways on rebalancing, oil prices". BusinessWorld Online. February 6, 2022. Retrieved February 7, 2022.
  14. ^ a b Miraflor, Madelaine B. (August 24, 2012). "Petron replaces Cebu Air at stock index". The Manila Times. Retrieved August 19, 2021.
  15. ^ a b "PSEi revised, ACEN and CNVRG added". Manila Bulletin. August 5, 2021. Retrieved August 19, 2021.
  16. ^ a b "Emperador a blue chip under revised PSE index". Philstar.com. Retrieved August 19, 2021.
  17. ^ "Emperador out, Puregold in when PSEi recomposes in mid-March". BusinessMirror. February 22, 2017. Retrieved August 19, 2021.
  18. ^ a b "Emperador set to join 30-company PSE index". Manila Standard. Retrieved August 19, 2021.
  19. ^ a b c d "Holcim, Piltel taken out of stock index". The Manila Times. March 18, 2006. Retrieved August 19, 2021.
  20. ^ Dumlao Abadilla, Doris (September 26, 2017). "RRHI to join PSEi, replacing EDC". INQUIRER.net. Retrieved August 19, 2021.
  21. ^ a b c Peña, Zinnia B. Dela. "PSE reconstitutes indices". Philstar.com. Retrieved August 19, 2021.
  22. ^ Cabuag, V. G. (February 11, 2019). "Petron out, Bloomberry in at benchmark PSEi | VG Cabuag". BusinessMirror. Retrieved August 19, 2021.
  23. ^ "New PSEi: Razon-led Bloomberry in, Sy-led SMDC out". Rappler. February 28, 2013. Retrieved August 19, 2021.

External links edit

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