The PSE Composite Index, or the PSEi (previously PHISIX), is a
stock market index
In finance, a stock index, or stock market index, is an Index (economics), index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calcul ...
of the
Philippine Stock Exchange (PSE) always consisting of 30 of the largest companies traded on the
stock exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...
. This is in contrast to the
PSE All Shares Index which is an index of all stocks traded on the PSE.
The highest closing value was 9,041.20 on Friday, January 26, 2018. The highest
intraday value was 9,078.37 on Monday, January 29, 2018.
It is the PSE's only broad-base index and is seen as an indicator of the general state of the Philippine business climate,
although there is evidence the index may not be a reliable indicator of the state of the broader
Philippine economy.
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
In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. Liquidity involves the trade-off between the ...
and
market capitalization.
Formula
The following formula is used by the PSE to calculate the index's value:
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
Current components
These are current as of February 2022:
Previous components
See also
*
PSE All Shares Index, 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