PSE Composite Index

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.

PSE Composite Index

Operator	Philippine Stock Exchange
Exchanges	Philippine Stock Exchange
Trading symbol	PSEi
Constituents	30
Type	Large cap
Related indices	PSE All Shares Index
Reuters	PSI
Bloomberg	PCOMP:IND

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 there is evidence the index may not be a reliable indicator of the state of the broader Philippine economy.^[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:

${\displaystyle {\mathsf {PSE\ Index_{t}={\textstyle \sum _{i=1}^{n}(P_{i}\times S_{i}\times F_{i})\displaystyle \over \ b}\times PSE\ Index_{t-1}}}}$^[5]

Where:

n = Total number of component companies (30)

${\displaystyle {\mathsf {P_{i}}}}$ = Closing price of company i at day t

${\displaystyle {\mathsf {S_{i}}}}$= Available shares of company i at day t

${\displaystyle {\mathsf {F_{i}}}}$= 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 included	Notes
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 Holdings		Component since September 2001[11]	Renamed into Lopez Holdings Corporation (PSE: LPZ)
Bloomberry Resorts Corporation	PSE: BLOOM	Removed February 2022[13]
C&P Homes	CMP	Component 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	DGTL	Component 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	EDC	Removed September 2017[20]	Renamed into Lopez Holdings Corporation (PSE: LPZ)
Equitable PCI Bank	EPCI		Bought 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 Distillers	LTDI	Component 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	MUSX	Added 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	PLTL	Added 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	CMT	Added 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

• PSE All Shares Index, index of almost all shares traded in the PSE