PSE Composite Index
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 15%.
- 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 |
Current components
These are current as of August 17, 2020:[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 |
| 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 |
| Bloomberry Resorts Corporation | PSE: BLOOM | PSE Services Index |
| DMCI Holdings | PSE: DMCI | PSE Holding Firms Index |
| Emperador, Inc. | PSE: EMP | PSE Industrial Index |
| First Gen | PSE: FGEN | 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 |
| 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 |
| PLDT | PSE: TEL | PSE Services Index |
| Puregold | PSE: PGOLD | PSE Services Index |
| Robinsons Land | PSE: RLC | PSE Property Index |
| Robinsons Retail Holdings | PSE: RRHI | PSE Services 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 |
Record values
| Category | All-Time Highs | |
|---|---|---|
| Closing | 9,041.20 | Friday, January 26, 2018 |
| Intraday | 9,078.37 | Monday, January 29, 2018 |
See also
- PSE All Shares Index, index of almost all shares traded in the PSE
References
- "The Philippine Stock Exchange". 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. (2018-02-13). "No change in PSE index; sectors undergo revamp". BusinessWorld. Retrieved 2018-03-27.
- 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
- Dumlao-Abadilla, Doris (2020-08-07). "Emperador in, Semirara out of PSEi". INQUIRER.net. Retrieved 2020-09-21.
External links
- Reuters page for .PSI
- Bloomberg page for PCOMP:IND
- Detailed list of the PSE Composite Index companies with description, logo and link to their websites on ASEAN UP Top 30 companies from the Philippines’ PSEi
| Current |
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|---|---|
| Former |
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