View source for PSE Composite Index

{{short description|Most important index of top companies on the Philippine Stock Exchange}}
{{Use mdy dates|date=December 2022}}
{{Use Philippine English|date=December 2022}}

{{Infobox financial index
| name         = PSE Composite Index
| logo         =
| logo_upright =
| image        =
| image_upright=
| alt          =
| caption      =
| foundation   = <!-- {{start date|year|mo|dy}} -->
| operator     = [[Philippine Stock Exchange]]
| exchanges    = [[Philippine Stock Exchange]]
| symbol       = PSEi
| constituents = 30
| cap_level    = [[Large cap]]
| mcap         =
| weighting    =
| related      = [[PSE All Shares Index]]
| homepage     =
| isin         =
| reuters      = PSI
| bloomberg    = PCOMP:IND
}}

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]].<ref>{{cite web | url=http://www.pse.com.ph/stockMarket/marketInfo-marketActivity.html?tab=1 | title=The Philippine Stock Exchange | access-date=September 17, 2014}}</ref> 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.{{cn|date=October 2023}} The highest [[intraday]] value was 9,078.37 on Monday, January 29, 2018.{{cn|date=October 2023}}

It is the PSE's only broad-base index and is seen as an indicator of the general state of the Philippine business climate,<ref name="climate">{{cite conference |first=Jeaneth Michelle L. |last=Balaba |title=Does the Stock market Drive the Philippine Economy? |url=http://www.dlsu.edu.ph/conferences/dlsu-research-congress-proceedings/2017/RVREBM/RVREBM-I-003.pdf |conference=DLSU Research Congress 2017 |conference-url=http://www.dlsu.edu.ph/conferences/dlsu_research_congress/2017/default.asp |date=June 20–22, 2017 |access-date=July 31, 2018}}</ref> although there is evidence the index may not be a reliable indicator of the state of the broader [[Economy of the Philippines|Philippine economy]].<ref name="heydarian">{{cite news |author=Heydarian, Richard Javad |title=Philippine Stocks Crash: Symptom of Growing Economic Imbalances |work=[[HuffPost]] |date=March 20, 2013 |access-date=July 31, 2018 |url=https://www.huffingtonpost.com/richard-javad-heydarian/philippine-stocks-crash-s_b_2900518.html }}</ref>

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]].<ref name=":0">{{Cite news|url=http://bworldonline.com/no-change-pse-index-sectors-undergo-revamp/|title=No change in PSE index; sectors undergo revamp|last=Resane|first=Andrea Mei B.|date=February 13, 2018|work=BusinessWorld|access-date=March 27, 2018|language=en-US}}</ref>

== Formula ==
The following formula is used by the PSE to calculate the index's value:

<math>\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}}</math><ref>{{Cite web |title=PSE Policy on Index Management |url=https://documents.pse.com.ph/wp-content/uploads/sites/15/2021/08/Policy-on-Index-Management-ver.-2021-clean.pdf }}</ref>

'''Where''':

n = Total number of component companies (30)

<math>\mathsf{P_i}</math> = Closing price of company i at day t

<math>\mathsf{S_i}</math>= Available shares of company i at day t

<math>\mathsf{F_i}</math>= 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:<ref>{{Cite web|date=August 5, 2021|title=PSEi revised, ACEN and CNVRG added|url=https://mb.com.ph/2021/08/05/psei-revised-acen-and-cnvrg-added/|access-date=August 19, 2021|website=Manila Bulletin|language=en-US}}</ref>
{| class="wikitable"
|+
!Company
![[Ticker symbol]]
!Also a component of the
|-
|[[Aboitiz Equity Ventures]]
|{{Pse|AEV}}
|[[PSE Holding Firms Index]]
|-
|[[ACEN Corporation]]
|{{Pse|ACEN}}
|[[PSE Holding Firms Index|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 (Philippines)|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 ==
{| class="wikitable"
!Company
![[Ticker symbol]]
!Times included
!Notes
|-
|[[ABS-CBN Corporation]]
|{{Pse|ABS}}
|Removed May 2008,<ref name=":8">{{Cite web|date=April 28, 2008|title=PSE to change composition of indices on May 26|url=https://news.abs-cbn.com/business/04/28/08/pse-change-composition-indices-may-26|url-status=|access-date=August 19, 2021|website=ABS-CBN News|language=en}}</ref> removed November 2009,<ref name=":9">{{Cite web|date=October 22, 2009|title=PSE to join main index for the first time|url=https://news.abs-cbn.com/business/10/22/09/pse-join-main-index-first-time|url-status=|access-date=August 19, 2021|website=ABS-CBN News|language=en}}</ref> re-added May 2010,<ref name=":1">{{Cite web|date=May 5, 2010|title=ABS-CBN back in PSE main index|url=https://news.abs-cbn.com/business/05/05/10/abs-cbn-back-pse-main-index|url-status=|access-date=August 19, 2021|website=ABS-CBN News|language=en}}</ref> removed September 2011<ref name=":10">{{Cite web|last=Alcuaz|first=Coco|date=August 25, 2011|title=San Miguel, Cebu Air, SMDC join index; darling stock Lepanto out|url=https://news.abs-cbn.com/business/08/25/11/san-miguel-cebu-air-smdc-join-index-darling-stock-lepanto-out|url-status=|access-date=August 19, 2021|website=ABS-CBN News|language=en}}</ref>
|
|-
|[[Belle Corporation]]
|{{Pse|BEL}}
|Component since September 2001,<ref name=":2">{{Cite web|first1=Christina|last1=Mendez|first2=Conrado Jr.|last2=Diaz|title=PSE reconstitutes main index|url=https://www.philstar.com/business/2001/09/18/134069/pse-reconstitutes-main-index|access-date=August 19, 2021|website=Philstar.com}}</ref> removed May 2008,<ref name=":8" /> re-added September 2011,<ref name=":10" /> removed August 2013<ref>{{Cite web|last=Rivera|first=Danessa O.|title=LT Group, GT Capital replace Meralco, Belle Corp. in benchmark PSEi|url=https://www.gmanetwork.com/news/story/323986/money/companies/lt-group-gt-capital-replace-meralco-belle-corp-in-benchmark-psei/|access-date=August 19, 2021|website=GMA News Online|language=en}}</ref>
|
|-
|Benpres Holdings
|
|Component since September 2001<ref name=":2" />
|Renamed into [[Lopez Holdings Corporation]] ({{Pse|LPZ}})
|-
|[[Bloomberry Resorts Corporation]]
|{{Pse|BLOOM}}
|Removed February 2022<ref name=":12">{{Cite web|last=|date=February 6, 2022|title=PSEi to move sideways on rebalancing, oil prices|url=https://www.bworldonline.com/psei-to-move-sideways-on-rebalancing-oil-prices/|access-date=February 7, 2022|website=BusinessWorld Online|language=en-US}}</ref>
|
|-
|C&P Homes
|CMP
|Component since September 2001<ref name=":2" />
|Now part of [[Vista Land]] ({{Pse|VLL}})
|-
|[[Cebu Pacific]]
|{{Pse|CEB}}
|Added September 2011,<ref name=":10" /> removed September 2012<ref name=":11">{{Cite web|last=Miraflor|first=Madelaine B.|date=August 24, 2012|title=Petron replaces Cebu Air at stock index|url=https://www.manilatimes.net/2012/08/24/business/petron-replaces-cebu-air-at-stock-index/870547|access-date=August 19, 2021|website=The Manila Times|language=en}}</ref>
|
|-
|[[Chinabank]]
|{{Pse|CHIB}}
|Added May 2010<ref name=":1" />
|
|-
|[[Digital Telecommunications Philippines]]
|DGTL
|Component since September 2001<ref name=":2" />
|Bought by [[PLDT]] ({{Pse|TEL}})
|-
|[[DMCI Holdings]]
|{{Pse|DMC}}
|Removed May 2008,<ref name=":8" /> re-removed August 2021<ref name=":3">{{Cite web|date=August 5, 2021|title=PSEi revised, ACEN and CNVRG added|url=https://mb.com.ph/2021/08/05/psei-revised-acen-and-cnvrg-added/|access-date=August 19, 2021|website=Manila Bulletin|language=en-US}}</ref>
|
|-
|[[Emperador, Inc.]]
|{{Pse|EMP}}
|Added September 2015,<ref name=":4">{{Cite web|title=Emperador a blue chip under revised PSE index|url=https://www.philstar.com/business/2014/08/28/1362390/emperador-blue-chip-under-revised-pse-index|access-date=August 19, 2021|website=Philstar.com}}</ref> removed March 2017,<ref>{{Cite web|date=February 22, 2017|title=Emperador out, Puregold in when PSEi recomposes in mid-March|url=https://businessmirror.com.ph/2017/02/22/emperador-out-puregold-in-when-psei-recomposes-in-mid-march/|access-date=August 19, 2021|website=BusinessMirror|language=en-US}}</ref> re-added August 2020,<ref name=":5">{{Cite news|title=Emperador set to join 30-company PSE index|language=en|work=Manila Standard|url=https://www.manilastandard.net/business/corporate/330818/emperador-set-to-join-30-company-pse-index.html|access-date=August 19, 2021}}</ref> re-removed August 2021,<ref name=":3" /> re-added February 2022<ref name=":12" />
|
|-
|[[Empire East Land]]
|{{Pse|EEI}}
|Added April 2006<ref name=":6">{{Cite web|date=March 18, 2006|title=Holcim, Piltel taken out of stock index|url=https://www.manilatimes.net/2006/03/18/business/holcim-piltel-taken-out-of-stock-index/791023|url-status=|access-date=August 19, 2021|website=The Manila Times|language=en}}</ref>
|
|-
|[[Energy Development Corporation]]
|EDC
|Removed September 2017<ref>{{Cite web|author=Dumlao Abadilla, Doris|date=September 26, 2017|title=RRHI to join PSEi, replacing EDC|url=https://business.inquirer.net/237511/rrhi-join-psei-replacing-edc|access-date=August 19, 2021|website=INQUIRER.net|language=en}}</ref>
|Renamed into [[Lopez Holdings Corporation]] ({{Pse|LPZ}})
|-
|[[Equitable PCI Bank]]
|EPCI
|
|Bought by [[Banco de Oro]] ({{Pse|BDO}})
|-
|[[Fil-Estate Land]]
|
|Removed September 2001<ref name=":2" />
|Bought by [[Alliance Global]] ({{Pse|AGI}})
|-
|[[Filinvest]]
|{{Pse|FDC}}
|Removed September 2001,<ref name=":2" /> removed September 2011<ref name=":10" />
|
|-
|[[First Philippine Holdings Corporation]]
|{{Pse|FPH}}
|Removed September 2011<ref name=":10" />
|
|-
|[[GMA Network]]
|{{Pse|GMA7}}
|Added May 2009<ref name=":7">{{Cite web|last=Peña|first=Zinnia B. Dela|title=PSE reconstitutes indices|url=https://www.philstar.com/business/2009/04/17/457922/pse-reconstitutes-indices|access-date=August 19, 2021|website=Philstar.com}}</ref>
|
|-
|[[Holcim Philippines]]
|{{Pse|HLCM}}
|Removed April 2006<ref name=":6" />
|
|-
|La Tondeña Distillers
|LTDI
|Component since September 2001<ref name=":2" />
|Bought by [[San Miguel Corporation]] ({{Pse|SMC}}); renamed as [[Ginebra San Miguel]] ({{Pse|GSMI}})
|-
|[[Lepanto Mining]]
|{{Pse2|LC|LCB}}
|Removed September 2011<ref name=":10" />
|
|-
|[[Manila Mining]]
|{{Pse2|MA|MAB}}
|Added April 2006<ref name=":6" />
|
|-
|[[Music Corporation]]
|MUSX
|Added September 2001<ref name=":2" />
|Now [[Green Holdings, Inc.]] ({{Pse|GREEN}})
|-
|[[Petron Corporation]]
|{{Pse|PCOR}}
|Removed May 2008,<ref name=":8" /> re-added May 2009,<ref name=":7" /> re-added September 2012,<ref name=":11" /> removed February 2018<ref>{{Cite web|last=Cabuag|first=V. G.|date=February 11, 2019|title=Petron out, Bloomberry in at benchmark PSEi {{!}} VG Cabuag|url=https://businessmirror.com.ph/2019/02/11/petron-out-bloomberry-in-at-benchmark-psei/|access-date=August 19, 2021|website=BusinessMirror|language=en-US}}</ref>
|
|-
|[[Philex Mining]]
|{{Pse|PX}}
|Removed September 2015<ref name=":4" />
|
|-
|[[Philippine National Bank]]
|{{Pse|PNB}}
|Component since September 2001,<ref name=":2" /> re-added May 2008<ref name=":8" />
|
|-
|[[Philippine Stock Exchange]]
|{{Pse|PSE}}
|Added November 2009<ref name=":9" />
|
|-
|[[Piltel]]
|PLTL
|Added September 2001,<ref name=":2" /> removed April 2006<ref name=":6" />
|Bought by [[PLDT]] ({{Pse|TEL}})
|-
|[[Rizal Commercial Banking Corporation]]
|{{Pse|RCBC}}
|Added May 2008,<ref name=":8" /> removed November 2009<ref name=":9" />
|
|-
|[[Robinsons Retail Holdings]]
|{{Pse|RRHI}}
|Removed February 2022<ref name=":12" />
|
|-
|[[Semirara Mining and Power Corporation]]
|{{Pse|SCC}}
|Added September 2011,<ref name=":10" /> removed August 2020<ref name=":5" />
|
|-
|[[SM Development Corporation]]
|{{Pse|SMDC}}
|Added September 2011,<ref name=":10" /> removed March 2013<ref>{{Cite web|title=New PSEi: Razon-led Bloomberry in, Sy-led SMDC out|url=https://www.rappler.com/business/new-pse-index-razon-led-bloomberry-in-sy-led-smdc-out|access-date=August 19, 2021|website=Rappler|date=February 28, 2013 |language=en}}</ref>
|
|-
|[[Southeast Asia Cement Holdings]]
|CMT
|Added September 2001<ref name=":2" />
|
|-
|[[Unionbank (Philippines)|Unionbank]]
|{{Pse|UBP}}
|Added May 2008, re-added May 2009<ref name=":7" />
|
|-
|[[Union Cement]]
|
|Added September 2001<ref name=":2" />
|Bought by [[Phinma Corporation]] ({{Pse|PHN}})
|-
|[[Vista Land]]
|{{Pse|VLL}}
|Added May 2008,<ref name=":8" /> removed November 2009
|
|}


==See also==
*[[PSE All Shares Index]], index of almost all shares traded in the PSE

==References==
{{Reflist}}

==External links==
* [https://www.bloomberg.com/apps/quote?ticker=PCOMP:IND Bloomberg page for PCOMP:IND]
{{PSEi}}
{{Asian Stock market indices}}

[[Category:Philippine stock market indices]]