PSE Composite Index

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The PSE Composite Index, commonly known previously as the PHISIX and presently as the PSEi, is a stock market index of the Philippine Stock Exchange consisting of 30 companies.[1]

As the PSE's only broad-base index, it is frequently 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 put into question.[3]

The stock exchange regularly revises the list, at least twice a year. The PSE Composite Index is always composed of 30 stocks.

Requirements[]

The stock exchange maintains the following requirements for a stock to be included in the PSEi:[4]

  • Minimum free float level of 20%.
    • This was increased from 12% before 2018.
  • A company must also meet the liquidity and capitalization criteria.

Annual returns[]

The following table shows the annual development of the PSE Composite Index since 1980.[5]

Year Closing level Change in index
in points 		Change in index
in %
1980 256.78
1981 183.91 −72.87 −28.38
1982 170.36 −13.55 −7.37
1983 167.49 −2.87 −1.68
1984 100.29 −67.20 −40.12
1985 131.19 30.90 30.81
1986 424.81 293.62 223.81
1987 813.17 388.36 91.42
1988 841.65 28.48 3.50
1989 1,104.57 262.92 31.24
1990 651.78 −452.79 −40.99
1991 1,151.87 500.09 76.73
1992 1,256.22 104.35 9.06
1993 3,196.08 1,939.86 154.42
1994 2,785.81 −410.27 −12.84
1995 2,594.18 −191.63 −6.88
1996 3,170.56 576.38 22.22
1997 1,869.23 −1,301.33 −41.04
1998 1,968.78 99.55 5.33
1999 2,142.97 174.19 8.85
2000 1,494.50 −648.47 −30.26
2001 1,168.08 −326.42 −21.84
2002 1,018.41 −149.67 −12.81
2003 1,442.37 423.96 41.63
2004 1,822.83 380.46 26.38
2005 2,096.04 273.21 14.99
2006 2,982.54 886.50 42.29
2007 3,621.60 639.06 21.43
2008 1,872.85 −1,748.75 −48.29
2009 3,052.68 1,179.83 63.00
2010 4,201.14 1,148.46 37.62
2011 4,371.96 170.82 4.07
2012 5,812.73 1,440.77 32.95
2013 5,889.83 77.10 1.33
2014 7,230.57 1,340.74 22.76
2015 6,952.08 −278.49 −3.85
2016 6,840.64 −111.44 −1.60
2017 8,558.42 1,717.78 25.11
2018 7,466.02 −1,092.40 −12.76
2019 7,815.26 349.24 4.68
2020 7,139.71 -675.55 -8.64

Current components[]

These are current as of August 16, 2021:[6]

Company Ticker symbol Also a component of the
Aboitiz Equity Ventures PSE: AEV
Aboitiz Power Corporation PSE: AP
AC Energy PSE: ACEN
Alliance Global Group PSE: AGI
Ayala Corporation PSE: AC
Ayala Land PSE: ALI
Bank of the Philippine Islands PSE: BPI PSE Financials Index
Banco de Oro PSE: BDO PSE Financials Index
Bloomberry Resorts Corporation PSE: BLOOM
Converge ICT PSE: CNVRG
PSE: FGEN
Globe Telecom PSE: GLO
GT Capital PSE: GTCAP
International Container Terminal Services PSE: ICT
JG Summit Holdings PSE: JGS
Jollibee Foods Corporation PSE: JFC
LT Group PSE: LTG
Megaworld Corporation PSE: MEG
Meralco PSE: MER
Metro Pacific Investments Corporation PSE: MPI
Metrobank PSE: MBT PSE Financials Index
PLDT PSE: TEL
Puregold PSE: PGOLD
Robinsons Land PSE: RLC
PSE: RRHI
San Miguel Corporation PSE: SMC
Security Bank PSE: SECB PSE Financials Index
SM Investments Corporation PSE: SM
SM Prime Holdings PSE: SMPH
Universal Robina PSE: URC

The following are changes starting on February 14, 2022:[7]

Additions
Company Ticker symbol Also a component of the
Monde Nissin PSE: MONDE
Emperador, Inc. PSE: EMP
Removals
Company Ticker symbol Also a component of the
Bloomberry Resorts Corporation PSE: BLOOM
PSE: RRHI

Previous components[]

Company Ticker symbol Times included Notes
ABS-CBN Corporation PSE: ABS Removed May 2008,[8] removed November 2009,[9] re-added May 2010,[10] removed September 2011[11]
Belle Corporation PSE: BEL Component since September 2001,[12] removed May 2008,[8] re-added September 2011,[11] removed August 2013[13]
Benpres Holdings Component since September 2001[12] Renamed into Lopez Holdings Corporation (PSE: LPZ)
C&P Homes CMP Component since September 2001[12] Now part of Vista Land (PSE: VLL)
Cebu Pacific PSE: CEB Added September 2011,[11] removed September 2012[14]
Chinabank PSE: CHIB Added May 2010[10]
Digital Telecommunications Philippines DGTL Component since September 2001[12] Bought by PLDT (PSE: TEL)
DMCI Holdings PSE: DMC Removed May 2008,[8] 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[7]
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)
Removed September 2001[12] Bought by Alliance Global (PSE: AGI)
Filinvest PSE: FDC Removed September 2001,[12] removed September 2011[11]
First Philippine Holdings Corporation PSE: FPH Removed September 2011[11]
GMA Network PSE: GMA7 Added May 2009[21]
PSE: HLCM Removed April 2006[19]
La Tondeña Distillers LTDI Component since September 2001[12] Bought by San Miguel Corporation (PSE: SMC); renamed as Ginebra San Miguel (PSE: GSMI)
PSE: LC and LCB Removed September 2011[11]
PSE: MA and MAB Added April 2006[19]
MUSX Added September 2001[12] Now (PSE: GREEN)
Petron Corporation PSE: PCOR Removed May 2008,[8] re-added May 2009,[21] re-added September 2012,[14] removed February 2018[22]
PSE: PX Removed September 2015[16]
Philippine National Bank PSE: PNB Component since September 2001,[12] re-added May 2008[8]
Philippine Stock Exchange PSE: PSE Added November 2009[9]
Piltel PLTL Added September 2001,[12] removed April 2006[19] Bought by PLDT (PSE: TEL)
Rizal Commercial Banking Corporation PSE: RCBC Added May 2008,[8] removed November 2009[9]
Semirara Mining and Power Corporation PSE: SCC Added September 2011,[11] removed August 2020[18]
SM Development Corporation PSE: SMDC Added September 2011,[11] removed March 2013[23]
CMT Added September 2001[12]
Unionbank PSE: UBP Added May 2008, re-added May 2009[21]
Added September 2001[12] Bought by (PSE: PHN)
Vista Land PSE: VLL Added May 2008,[8] removed November 2009

Record values[]

Category All-Time Highs
Closing 9,041.20 Friday, January 26, 2018
Intraday 9,078.37 Monday, January 29, 2018

See also[]

References[]

  1. ^ "The Philippine Stock Exchange". 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. (2018-02-13). "No change in PSE index; sectors undergo revamp". BusinessWorld. Retrieved 2018-03-27.
  5. ^ Committee for Financial Technical Assistance in Asia: The Stock Markets in Asia, Institute of Global Financial Studies, Foundation for Advanced Information and Research, Tokio 1994
  6. ^ "PSEi revised, ACEN and CNVRG added". Manila Bulletin. 2021-08-05. Retrieved 2021-08-19.
  7. ^ a b "PSEi to move sideways on rebalancing, oil prices". BusinessWorld Online. 2022-02-06. Retrieved 2022-02-07.
  8. ^ a b c d e f g "PSE to change composition of indices on May 26". ABS-CBN News. 2008-04-28. Retrieved 2021-08-19.{{cite web}}: CS1 maint: url-status (link)
  9. ^ a b c "PSE to join main index for the first time". ABS-CBN News. 2009-10-22. Retrieved 2021-08-19.{{cite web}}: CS1 maint: url-status (link)
  10. ^ a b "ABS-CBN back in PSE main index". ABS-CBN News. 2010-05-05. Retrieved 2021-08-19.{{cite web}}: CS1 maint: url-status (link)
  11. ^ a b c d e f g h Alcuaz, Coco (2011-08-25). "San Miguel, Cebu Air, SMDC join index; darling stock Lepanto out". ABS-CBN News. Retrieved 2021-08-19.{{cite web}}: CS1 maint: url-status (link)
  12. ^ a b c d e f g h i j k l Jr, Christina Mendez,Conrado Diaz. "PSE reconstitutes main index". Philstar.com. Retrieved 2021-08-19.
  13. ^ News, By DANESSA O. RIVERA, GMA. "LT Group, GT Capital replace Meralco, Belle Corp. in benchmark PSEi". GMA News Online. Retrieved 2021-08-19.
  14. ^ a b MIRAFLOR, MADELAINE B. (2012-08-24). "Petron replaces Cebu Air at stock index". The Manila Times. Retrieved 2021-08-19.
  15. ^ a b "PSEi revised, ACEN and CNVRG added". Manila Bulletin. 2021-08-05. Retrieved 2021-08-19.
  16. ^ a b "Emperador a blue chip under revised PSE index". Philstar.com. Retrieved 2021-08-19.
  17. ^ BusinessMirror (2017-02-22). "Emperador out, Puregold in when PSEi recomposes in mid-March". BusinessMirror. Retrieved 2021-08-19.
  18. ^ a b "Emperador set to join 30-company PSE index". Manila Standard. Retrieved 2021-08-19.
  19. ^ a b c d "Holcim, Piltel taken out of stock index". The Manila Times. 2006-03-18. Retrieved 2021-08-19.{{cite web}}: CS1 maint: url-status (link)
  20. ^ Dumlao-Abadilla, Doris (2017-09-26). "RRHI to join PSEi, replacing EDC". INQUIRER.net. Retrieved 2021-08-19.
  21. ^ a b c Peña, Zinnia B. Dela. "PSE reconstitutes indices". Philstar.com. Retrieved 2021-08-19.
  22. ^ Cabuag, V. G. (2019-02-11). "Petron out, Bloomberry in at benchmark PSEi | VG Cabuag". BusinessMirror. Retrieved 2021-08-19.
  23. ^ "New PSEi: Razon-led Bloomberry in, Sy-led SMDC out". Rappler. Retrieved 2021-08-19.

External links[]

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