Philippine Stock Exchange index (PSEi) composition in 2007

James Ryan Jonas

Effective November 16, geothermal power producer PNOC Energy Development Corp. and property developers Robinsons Land Corp. and Filinvest Land Inc. will become the new inclusions in the Philippine Stock Exchange Composite Index (PSEi) following the completion of PSE’s semi-annual review of its indices.

As a result of the same review, Manila Mining Corp. and Security Bank will be excluded from the main index.

The PSE Composite Index or PSEi, previously called Phisix,  is composed of a fixed basket of 30 listed common stocks selected to represent general movement of market prices. The PSEi is one of the indicators on the general state of the Philippine economy.

To be eligible in the PSEi, companies must meet the following during the review period:

  1. Free float level of at least 10%
  2. Liquidity or average daily trading value of at least P5 million
  3. Volume turnover ratio of at least 10%
  4. Tradability of at least 95% of the total trading days
  5. Free float market capitalization

To be eligible in the sector indices, companies must meet the following during the review period:

  1. Liquidity or average daily trading value of at least P1 million
  2. Tradability of at least 75% of the total trading days

Listed companies comprising the new PSEi and sector indices below.

PSEi Composition

  1. ABOITIZ EQUITY VENTURES, INC.
  2. ABS-CBN BROADCASTING CORPORATION
  3. AYALA CORPORATION
  4. AYALA LAND, INC.
  5. BANCO DE ORO-EPCI, INC.
  6. BANK OF THE PHILIPPINE ISLANDS
  7. BELLE CORPORATION
  8. DMCI HOLDINGS, INC.
  9. FILINVEST LAND, INC.
  10. FIRST GEN CORPORATION
  11. FIRST PHILIPPINE HOLDINGS CORPORATION
  12. GLOBE TELECOM, INC.
  13. HOLCIM PHILIPPINES, INC.
  14. INTERNATIONAL CONTAINER TERMINAL SERVICES, INC.
  15. JG SUMMIT HOLDINGS, INC.
  16. JOLLIBEE FOODS CORPORATION
  17. LEPANTO CONSOLIDATED MINING COMPANY
  18. MANILA ELECTRIC COMPANY
  19. MANILA WATER COMPANY, INC.
  20. MEGAWORLD CORPORATION
  21. METROPOLITAN BANK & TRUST COMPANY
  22. PETRON CORPORATION
  23. PHILEX MINING CORPORATION
  24. PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
  25. PNOC-ENERGY DEVELOPMENT CORPORATION
  26. ROBINSONS LAND CORPORATION
  27. SAN MIGUEL CORPORATION
  28. SM INVESTMENTS CORPORATION
  29. SM PRIME HOLDINGS, INC.
  30. UNIVERSAL ROBINA CORPORATION

Financials Index

  1. ASIATRUST DEVELOPMENT BANK, INC.
  2. BANCO DE ORO-EPCI, INC.
  3. BANK OF THE PHILIPPINE ISLANDS
  4. CHINA BANKING CORPORATION
  5. CITISECONLINE.COM, INC.
  6. EXPORT AND INDUSTRY BANK, INC.
  7. IVANTAGE CORPORATION
  8. MANULIFE FINANCIAL CORPORATION
  9. METROPOLITAN BANK & TRUST COMPANY
  10. PHILIPPINE NATIONAL BANK
  11. PHILIPPINE SAVINGS BANK
  12. RIZAL COMMERCIAL BANKING CORPORATION
  13. SECURITY BANK CORPORATION
  14. SUN LIFE FINANCIAL SERVICES OF CANADA, INC.
  15. THE PHILIPPINE STOCK EXCHANGE, INC.
  16. UNION BANK OF THE PHILIPPINES

Industrial Index

  1. ALLIANCE TUNA INTERNATIONAL, INC.
  2. CHEMREZ TECHNOLOGIES, INC.
  3. EEI CORPORATION
  4. FIRST GEN CORPORATION
  5. FIRST PHILIPPINE HOLDINGS CORPORATION
  6. GINEBRA SAN MIGUEL, INC.
  7. HOLCIM PHILIPPINES, INC.
  8. JOLLIBEE FOODS CORPORATION
  9. MANILA ELECTRIC COMPANY
  10. MANILA WATER COMPANY, INC.
  11. PETRON CORPORATION
  12. PICOP RESOURCES, INC.
  13. PNOC-ENERGY DEVELOPMENT CORPORATION
  14. REPUBLIC CEMENT CORPORATION
  15. ROXAS HOLDINGS, INC.
  16. SAN MIGUEL CORPORATION
  17. SOUTHEAST ASIA CEMENT HOLDINGS, INC.
  18. TRANS-ASIA OIL & ENERGY DEVELOPMENT CORPORATION
  19. UNIVERSAL ROBINA CORPORATION

Holding Firms Index

  1. A. SORIANO CORPORATION
  2. ABACUS CONSOLIDATED RESOURCES & HOLDINGS, INC.
  3. ABOITIZ EQUITY VENTURES, INC.
  4. AJO.NET HOLDINGS, INC.
  5. ALCORN GOLD RESOURCES CORPORATION
  6. ALSONS CONSOLIDATED RESOURCES, INC.
  7. ANGLO-PHILIPPINE HOLDINGS CORPORATION
  8. APC GROUP, INC.
  9. AYALA CORPORATION
  10. BENPRES HOLDINGS CORPORATION
  11. DMCI HOLDINGS, INC.
  12. ETON PROPERTIES PHILIPPINES, INC.
  13. FILINVEST DEVELOPMENT CORPORATION
  14. HOUSE OF INVESTMENTS, INC.
  15. JG SUMMIT HOLDINGS, INC.
  16. MINERALES INDUSTRIAS CORPORATION
  17. PACIFICA, INC.
  18. PRIME ORION PHILIPPINES, INC.
  19. SINOPHIL CORPORATION
  20. SM INVESTMENTS CORPORATION
  21. WELLEX INDUSTRIES, INC.

Property Index

  1. A BROWN COMPANY, INC.
  2. AYALA LAND, INC.
  3. BELLE CORPORATION
  4. CEBU HOLDINGS, INC.
  5. CROWN EQUITIES, INC.
  6. CYBER BAY CORPORATION
  7. EMPIRE EAST LAND HOLDINGS, INC.
  8. EVER GOTESCO RESOURCES & HOLDINGS, INC.
  9. FIL-ESTATE LAND, INC.
  10. FILINVEST LAND, INC.
  11. INTERPORT RESOURCES CORPORATION
  12. MEGAWORLD CORPORATION
  13. METRO PACIFIC INVESTMENTS CORPORATION
  14. MRC ALLIED INDUSTRIES, INC.
  15. PHILIPPINE REALTY & HOLDINGS CORPORATION
  16. ROBINSONS LAND CORPORATION
  17. SHANG PROPERTIES, INC.
  18. SM DEVELOPMENT CORPORATION
  19. SM PRIME HOLDINGS, INC.
  20. SUNTRUST HOME DEVELOPERS, INC.
  21. UNIWIDE HOLDINGS, INC.

Services Index

  1. ABS-CBN BROADCASTING CORPORATION
  2. ASIAN TERMINALS, INC.
  3. BOULEVARD HOLDINGS, INC.
  4. DIGITAL TELECOMMUNICATIONS PHILIPPINES, INC.
  5. GLOBE TELECOM, INC.
  6. INTERNATIONAL CONTAINER TERMINAL SERVICES, INC.
  7. IONICS, INC.
  8. ISM COMMUNICATIONS CORPORATION
  9. LEISURE & RESORTS WORLD CORPORATION
  10. MACROASIA CORPORATION
  11. PAXYS CORPORATION
  12. PHILIPPINE LONG DISTANCE TELEPHONE COMPANY
  13. PHILWEB CORPORATION
  14. PILIPINO TELEPHONE CORPORATION
  15. PREMIERE ENTERTAINMENT PRODUCTIONS, INC.
  16. WATERFRONT PHILIPPINES, INC.

Mining & Oil Index

  1. ABRA MINING & INDUSTRIAL CORPORATION
  2. APEX MINING COMPANY, INC.
  3. ATLAS CONSOLIDATED MINING & DEV’T CORPORATION
  4. BASIC ENERGY CORPORATION
  5. GEOGRACE RESOURCES PHILIPPINES, INC.
  6. LEPANTO CONSOLIDATED MINING COMPANY
  7. MANILA MINING CORPORATION
  8. OMICO CORPORATION
  9. ORIENTAL PETROLEUM & MINERAL CORPORATION
  10. PETROENERGY RESOURCES CORPORATION
  11. PHILEX MINING CORPORATION
  12. SEMIRARA MINING CORPORATION
  13. THE PHILODRILL CORPORATION
  14. UNITED PARAGON MINING CORPORATION
  15. VULCAN INDUSTRIAL & MINING CORPORATION

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James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.