Jump to content

PSE Composite Index

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Iloilo Wanderer (talk | contribs) at 15:43, 27 October 2023 (Removed outdated "citation needed" banner. Specific "citation needed" tags can be placed on individual items). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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] The PSE All Shares Index is an index of all stocks traded on the PSE.

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 stock exchange 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:

[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

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
Aboitiz Power Corporation PSE: AP PSE Industrial Index
AC Energy PSE: ACEN PSE Industrial Index
Alliance Global Group PSE: AGI PSE Holding Firms Index
Ayala Corporation PSE: AC PSE Holding Firms Index
Ayala Land PSE: ALI PSE Property Index
Bank of the Philippine Islands PSE: BPI PSE Financials Index
Banco de Oro PSE: BDO PSE Financials Index
Emperador, Inc. PSE: EMI PSE Industrial Index
Converge ICT PSE: CNVRG PSE Services 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
Megaworld Corporation PSE: MEG PSE Property Index
Meralco PSE: MER PSE Industrial Index
Metro Pacific Investments Corporation PSE: MPI PSE Holding Firms Index
Metrobank PSE: MBT PSE Financials Index
Monde Nissin PSE: MONDE PSE Industrial Index
PLDT PSE: TEL PSE Services Index
Puregold PSE: PGOLD PSE Services Index
Robinsons Land PSE: RLC PSE Property Index
San Miguel Corporation PSE: SMC PSE Holding Firms Index
Security Bank PSE: SECB PSE Financials 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

References

  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.
Retrieved from "https://en.wikipedia.org/w/index.php?title=PSE_Composite_Index&oldid=1182170210"