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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]

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 PSEAEV PSE Holding Firms Index
Aboitiz Power Corporation PSEAP PSE Industrial Index
AC Energy PSEACEN PSE Industrial Index
Alliance Global Group PSEAGI PSE Holding Firms Index
Ayala Corporation PSEAC PSE Holding Firms Index
Ayala Land PSEALI PSE Property Index
Bank of the Philippine Islands PSEBPI PSE Financials Index
Banco de Oro PSEBDO PSE Financials Index
Bloomberry Resorts Corporation PSEBLOOM PSE Services Index
Converge ICT PSECNVRG PSE Services Index
First Gen PSEFGEN PSE Industrial Index
Globe Telecom PSEGLO PSE Services Index
GT Capital PSEGTCAP PSE Holding Firms Index
International Container Terminal Services PSEICT PSE Services Index
JG Summit Holdings PSEJGS PSE Holding Firms Index
Jollibee Foods Corporation PSEJFC PSE Industrial Index
LT Group PSELTG PSE Holding Firms Index
Megaworld Corporation PSEMEG PSE Property Index
Meralco PSEMER PSE Industrial Index
Metro Pacific Investments Corporation PSEMPI PSE Holding Firms Index
Metrobank PSEMBT PSE Financials Index
PLDT PSETEL PSE Services Index
Puregold PSEPGOLD PSE Services Index
Robinsons Land PSERLC PSE Property Index
Robinsons Retail Holdings PSERRHI PSE Services Index
San Miguel Corporation PSESMC PSE Holding Firms Index
Security Bank PSESECB PSE Financials Index
SM Investments Corporation PSESM PSE Holding Firms Index
SM Prime Holdings PSESMPH PSE Property Index
Universal Robina PSEURC PSE Industrial Index

Previous components

Company Ticker symbol Times included Notes
ABS-CBN Corporation PSEABS Removed May 2008,[7] removed November 2009,[8] re-added May 2010,[9] removed September 2011[10]
Belle Corporation PSEBEL 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 (PSELPZ)
C&P Homes CMP Component since September 2001[11] Now part of Vista Land (PSEVLL)
Cebu Pacific PSECEB Added September 2011,[10] removed September 2012[13]
Chinabank PSECHIB Added May 2010[9]
Digital Telecommunications Philippines DGTL Component since September 2001[11] Bought by PLDT (PSETEL)
DMCI Holdings PSEDMC Removed May 2008,[7] re-removed August 2021[14]
Emperador, Inc. PSEEMP Added September 2015,[15] removed March 2017,[16] re-added August 2020,[17] re-removed August 2021[14]
Empire East Land PSEEEI Added April 2006[18]
Energy Development Corporation EDC Removed September 2017[19] Renamed into Lopez Holdings Corporation (PSELPZ)
Equitable PCI Bank EPCI Bought by Banco de Oro (PSEBDO)
Fil-Estate Land Removed September 2001[11] Bought by Alliance Global (PSEAGI)
Filinvest PSEFDC Removed September 2001,[11] removed September 2011[10]
First Philippine Holdings Corporation PSEFPH Removed September 2011[10]
GMA Network PSEGMA7 Added May 2009[20]
Holcim Philippines PSEHLCM Removed April 2006[18]
La Tondeña Distillers LTDI Component since September 2001[11] Bought by San Miguel Corporation (PSESMC); renamed as Ginebra San Miguel (PSEGSMI)
Lepanto Mining PSELC and LCB Removed September 2011[10]
Manila Mining PSEMA and MAB Added April 2006[18]
Music Corporation MUSX Added September 2001[11] Now Green Holdings, Inc. (PSEGREEN)
Petron Corporation PSEPCOR Removed May 2008,[7] re-added May 2009,[20] re-added September 2012,[13] removed February 2018[21]
Philex Mining PSEPX Removed September 2015[15]
Philippine National Bank PSEPNB Component since September 2001,[11] re-added May 2008[7]
Philippine Stock Exchange PSEPSE Added November 2009[8]
Piltel PLTL Added September 2001,[11] removed April 2006[18] Bought by PLDT (PSETEL)
Rizal Commercial Banking Corporation PSERCBC Added May 2008,[7] removed November 2009[8]
Semirara Mining and Power Corporation PSESCC Added September 2011,[10] removed August 2020[17]
SM Development Corporation PSESMDC Added September 2011,[10] removed March 2013[22]
Southeast Asia Cement Holdings CMT Added September 2001[11]
Unionbank PSEUBP Added May 2008, re-added May 2009[20]
Union Cement Added September 2001[11] Bought by Phinma Corporation (PSEPHN)
Vista Land PSEVLL Added May 2008,[7] 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 c d e f g "PSE to change composition of indices on May 26". ABS-CBN News. 2008-04-28. Retrieved 2021-08-19.
  8. ^ a b c "PSE to join main index for the first time". ABS-CBN News. 2009-10-22. Retrieved 2021-08-19.
  9. ^ a b "ABS-CBN back in PSE main index". ABS-CBN News. 2010-05-05. Retrieved 2021-08-19.
  10. ^ 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.
  11. ^ 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.
  12. ^ News, By DANESSA O. RIVERA, GMA. "LT Group, GT Capital replace Meralco, Belle Corp. in benchmark PSEi". GMA News Online. Retrieved 2021-08-19.
  13. ^ a b MIRAFLOR, MADELAINE B. (2012-08-24). "Petron replaces Cebu Air at stock index". The Manila Times. Retrieved 2021-08-19.
  14. ^ a b "PSEi revised, ACEN and CNVRG added". Manila Bulletin. 2021-08-05. Retrieved 2021-08-19.
  15. ^ a b "Emperador a blue chip under revised PSE index". Philstar.com. Retrieved 2021-08-19.
  16. ^ BusinessMirror (2017-02-22). "Emperador out, Puregold in when PSEi recomposes in mid-March". BusinessMirror. Retrieved 2021-08-19.
  17. ^ a b "Emperador set to join 30-company PSE index". Manila Standard. Retrieved 2021-08-19.
  18. ^ a b c d "Holcim, Piltel taken out of stock index". The Manila Times. 2006-03-18. Retrieved 2021-08-19.
  19. ^ Dumlao-Abadilla, Doris (2017-09-26). "RRHI to join PSEi, replacing EDC". INQUIRER.net. Retrieved 2021-08-19.
  20. ^ a b c Peña, Zinnia B. Dela. "PSE reconstitutes indices". Philstar.com. Retrieved 2021-08-19.
  21. ^ Cabuag, V. G. (2019-02-11). "Petron out, Bloomberry in at benchmark PSEi | VG Cabuag". BusinessMirror. Retrieved 2021-08-19.
  22. ^ "New PSEi: Razon-led Bloomberry in, Sy-led SMDC out". Rappler. Retrieved 2021-08-19.