The PSE Composite Index, commonly known previously as the PHISIX and currently as the PSEi, is a
stock market index
In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance.
Two of th ...
of the
Philippine Stock Exchange
The Philippine Stock Exchange, Inc. ( fil, Pamilihang Sapi ng Pilipinas; ) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Includin ...
consisting of 30 companies.
As the PSE's only broad-base index, it is frequently seen as an indicator of the general state of the Philippine business climate,
although its reliability as an indicator of the state of the broader
Philippine economy has been put into question.
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:
* Minimum
free float
In the context of stock markets, the public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest inv ...
level of 20%.
** This was increased from 12% before 2018.
* A company must also meet the liquidity and capitalization criteria.
Formula
The exchange uses the following formula to calculate for the index:
Where:
n = Total number of component companies (30)
= Closing price of company i at day t
= Available shares of company i at day t
= Company free float level (0 to 1), where 1 means 100% free float.
b = Free float-adjusted market capitalization base
Annual returns
The following table shows the annual development of the PSE Composite Index since 1980.
Current components
These are current as of February 2022:
Previous components
Record values
See also
*
PSE All Shares Index The PSE All Shares Index is the stock index in the Philippine Stock Exchange in which all of the stocks traded are included in computations for the level of the index.
List of stocks
0-9
* 2GO Group ()
* 8990 Holdings, Inc. () ()
A
* A. Brown ...
, index of almost all shares traded in the PSE
References
External links
Bloomberg page for PCOMP:IND
{{Asian Stock market indices
Philippine stock market indices