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 %
1980256.78
1981183.91−72.87−28.38
1982170.36−13.55−7.37
1983167.49−2.87−1.68
1984100.29−67.20−40.12
1985131.1930.9030.81
1986424.81293.62223.81
1987813.17388.3691.42
1988841.6528.483.50
19891,104.57262.9231.24
1990651.78−452.79−40.99
19911,151.87500.0976.73
19921,256.22104.359.06
19933,196.081,939.86154.42
19942,785.81−410.27−12.84
19952,594.18−191.63−6.88
19963,170.56576.3822.22
19971,869.23−1,301.33−41.04
19981,968.7899.555.33
19992,142.97174.198.85
20001,494.50−648.47−30.26
20011,168.08−326.42−21.84
20021,018.41−149.67−12.81
20031,442.37423.9641.63
20041,822.83380.4626.38
20052,096.04273.2114.99
20062,982.54886.5042.29
20073,621.60639.0621.43
20081,872.85−1,748.75−48.29
20093,052.681,179.8363.00
20104,201.141,148.4637.62
20114,371.96170.824.07
20125,812.731,440.7732.95
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
Closing9,041.20Friday, January 26, 2018
Intraday9,078.37Monday, 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. Dumlao-Abadilla, Doris (2020-08-07). "Emperador in, Semirara out of PSEi". INQUIRER.net. Retrieved 2020-09-21.
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