PSE Composite Index

Last updated

PSE Composite Index
Operator Philippine Stock Exchange
Exchanges Philippine Stock Exchange
Trading symbolPSEi
Constituents30
Type Large cap
Related indices PSE All Shares Index
Reuters PSI
Bloomberg PCOMP:IND

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.

Contents

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

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
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 includedNotes
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 HoldingsComponent since September 2001 [11] Renamed into Lopez Holdings Corporation (PSE :  LPZ)
Bloomberry Resorts Corporation PSE :  BLOOM Removed February 2022 [13]
C&P HomesCMPComponent 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 DGTLComponent 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 EDCRemoved September 2017 [20] Renamed into Lopez Holdings Corporation (PSE :  LPZ)
Equitable PCI Bank EPCIBought 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 DistillersLTDIComponent 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 MUSXAdded 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 PLTLAdded 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 CMTAdded 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

Related Research Articles

<span class="mw-page-title-main">San Miguel Corporation</span> Filipino multinational conglomerate

San Miguel Corporation, abbreviated as SMC, is a Philippine multinational conglomerate headquartered in Mandaluyong, Metro Manila. The company is one of the largest and most diversified conglomerates in the Philippines. Originally founded in 1890 as brewery in the Philippines, San Miguel has ventured beyond its core business, with investments in various sectors such as food and drink, finance, infrastructure, oil and energy, transportation, and real estate.

<span class="mw-page-title-main">ABS-CBN Corporation</span> Media and entertainment conglomerate in the Philippines

ABS-CBN Corporation is a Filipino media company based in Quezon City, Metro Manila, Philippines. It is the largest radio broadcaster, entertainment television production, program syndication provider and media conglomerate in the Philippines. It is a subsidiary of Lopez Holdings Corporation which is owned by the López family ABS-CBN was formed by the merger of Alto Broadcasting System (ABS) and Chronicle Broadcasting Network (CBN).

<span class="mw-page-title-main">Philippine Stock Exchange</span> National stock exchange of the Philippines

The Philippine Stock Exchange, Inc. is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Including previous forms, the exchange has been in operation since 1927.

<span class="mw-page-title-main">Miss Philippines Earth</span> Filipino national beauty pageant

Miss Philippines Earth, originally titled Miss Philippines (2001–2003) then Miss Earth Philippines (2018), is a national beauty pageant held annually in search of "the most beautiful and environmentally-conscious and aware woman" in the Philippines.

<span class="mw-page-title-main">Petron Corporation</span> Oil company in the Philippines

Petron Corporation is the largest oil refining and marketing company in the Philippines, supplying more than a third of the country's oil requirements. It operates a refinery in Limay, Bataan with a rated capacity of 180,000 barrels per day (29,000 m3/d). From the refinery, Petron moves its products mainly by sea to 32 depots and terminals throughout the country.

<span class="mw-page-title-main">Mike Defensor</span> Filipino politician

Michael Tan Defensor is a Filipino politician who most recently served as the Party-list Representative for Anakalusugan from 2019 to 2022. He is also the CEO of Pax Libera Mining, Inc.

The PSE All Shares Index is the stock index in the Philippine Stock Exchange (PSE) in which all of the stocks traded are included in computations of the level of the index. It should not be confused with the PSE Composite Index which is a weighted index of 30 of the top companies on the PSE.

Megaworld Corporation is a real-estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index. The company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educational, and leisure components. In addition, it provides other services such as project design, construction oversight, and property management. Among its landmark projects is Forbes Town Center, a 6-hectare commercial and residential district in Fort Bonifacio, Taguig, Metro Manila. Another project by Megaworld is the 45-storey Petron Megaplaza office skyscraper, which was the tallest building in the country upon its completion in 1998. Also, last May 31, 2016, Megaworld announced that they will build two more office towers, 10-storey One Republic Plaza, and six-storey Emperador House, in Davao City. The two towers will provide an additional 30,000 sqm of office spaces for lease.

The PSE Mining and Oil Index is the sub-index of the Philippine Stock Exchange for mining and oil companies. It is one of the six sub-indices of the PSE that provide a useful measurement of sectoral performance.

Roberto Velayo Ongpin was a Filipino businessman who served as the Minister of Commerce and Industry during the Marcos administration. His younger brother Jaime served as the Minister of Finance of the Philippines under Marcos's successor, President Corazon Aquino.

DMCI Homes, Inc. is the real estate arm of DMCI Holdings through its wholly owned subsidiary DMCI Project Developers, Inc. (PDI). It was incorporated and registered with the Securities and Exchange Commission (SEC) on April 27, 1995. It ranked #146 in the Business World Top 1000 Corporations for 2014.

<span class="mw-page-title-main">Petron Tri-Activ Spikers</span> Philippines volleyball club

The Petron Blaze Spikers were a professional women's volleyball team that played in the Philippine Super Liga (PSL) from 2013 to 2020. After the cancellation of the 2020 season of the PSL due to the COVID-19 pandemic in 2020, the team took a leave of absence from the league and released all its players. The team was owned by Petron Corporation. The company's involvement in volleyball began in 2002 when it established the Petron Ladies Beach Volleyball Tournament.

Gretchen Ong Ho is a Filipino television presenter and former volleyball player. She played collegiate volleyball for the Ateneo Lady Eagles from 2008 to 2013, where she was a member of the "fab five" who brought Ateneo to their first back-to-back UAAP finals appearances. She then played professionally for the Petron Blaze Spikers in the Philippine Super Liga (PSL) from 2013 to 2015, where she helped the team win the 2014 Grand Prix Conference.

The 2015 PSL season is the third season of the Philippine Super Liga (PSL). There were two indoor conferences for the season – the All-Filipino, and the Grand Prix. It staged its first beach volleyball tournament, the Challenge Cup, for the women's and men's divisions.

<span class="mw-page-title-main">Converge ICT</span> Internet service provider in the Philippines

Converge ICT Solutions Inc., commonly referred to as Converge, is a telecommunication service provider in the Philippines. It operates fiber optic broadband networks, Internet Protocol television, cable television, and cable Internet in the country. It had 1,969,663 FiberX subscribers as of June 2023 capturing 54% of the market share of fiber to the home in the country. As of 2022, the Converge fiber backbone reached 600,000 kilometers, passing through 495 cities and municipalities across the country.

New Manila International Airport, also known as Bulacan International Airport, is an international airport under construction on the coastal areas of Bulakan, Bulacan, 35 km (22 mi) north of the capital Manila. The project was proposed by the San Miguel Corporation (SMC) and is set to help decongest Ninoy Aquino International Airport (NAIA), the main gateway to the capital for air travelers.

<span class="mw-page-title-main">GT Capital</span> Philippine holding company

GT Capital Holdings Inc. (GTCAP) is a holdings company owned by George Ty's family.

Bloomberry Resorts Corp. is a holding company in the Philippines registered with the Securities and Exchange Commission engaged in amusement, tourist facilities, gaming, and hotel businesses. It was incorporated on May 3, 1999 and led by Enrique Razon.

<span class="mw-page-title-main">Philippine Collective Media Corporation</span> Philippine broadcast media company

Philippine Collective Media Corporation is a Philippine broadcast media company. Its headquarters are located in Makati, with offices in Fairview, Quezon City and in Tacloban. It owns a number of radio stations under the FMR network, as well as its own television station PRTV in Tacloban.

Prime Media Holdings, Inc. is a Philippine-based investment holding company. Originally founded in 1963 as a development bank, the company has been changed to its current status since 2003. It is majority controlled by RYM Business Management Corporation, a business holding company associated with the Romualdez clan.

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. 1 2 3 4 5 6 7 "PSE to change composition of indices on May 26". ABS-CBN News. April 28, 2008. Retrieved August 19, 2021.
  8. 1 2 3 "PSE to join main index for the first time". ABS-CBN News. October 22, 2009. Retrieved August 19, 2021.
  9. 1 2 "ABS-CBN back in PSE main index". ABS-CBN News. May 5, 2010. Retrieved August 19, 2021.
  10. 1 2 3 4 5 6 7 8 Alcuaz, Coco (August 25, 2011). "San Miguel, Cebu Air, SMDC join index; darling stock Lepanto out". ABS-CBN News. Retrieved August 19, 2021.
  11. 1 2 3 4 5 6 7 8 9 10 11 12 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. 1 2 3 "PSEi to move sideways on rebalancing, oil prices". BusinessWorld Online. February 6, 2022. Retrieved February 7, 2022.
  14. 1 2 Miraflor, Madelaine B. (August 24, 2012). "Petron replaces Cebu Air at stock index". The Manila Times. Retrieved August 19, 2021.
  15. 1 2 "PSEi revised, ACEN and CNVRG added". Manila Bulletin. August 5, 2021. Retrieved August 19, 2021.
  16. 1 2 "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. 1 2 "Emperador set to join 30-company PSE index". Manila Standard. Retrieved August 19, 2021.
  19. 1 2 3 4 "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. 1 2 3 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.