Which stocks comprise the PSEi? (As of Feb. 2018)
Which stocks currently comprise the Philippine Stock Exchange index or PSEi? What’s the PSEi, in the first place and why is it important?
About the PSEi
The PSEi is composed of thirty (30) stocks traded in the Philippine Stock Exchange (PSE) whose performance is generally regarded as a barometer of market sentiment and general economic conditions.
Its value is regularly monitored because a rising PSEi signals positive outlook in the financial performance of the 30 companies included in the index. Similarly, a declining PSEi could signal pessimism because it translates to lower expected financial returns from the companies belonging to the index.
*View the latest PSEi stock composition by clicking the image below:
PSEi Inclusion Criteria
The PSE looks at the following primary inclusion criteria when deciding which stocks to include in the index:
- 1. Free Float — the stock must have a public float or minimum public ownership of at least 15%. This has been increased from the previous requirement of 12%;
- 2. Liquidity — stock must belong to the top 25% by median daily value turnover per month for at least nine out of 12 months; and
- 3. Full Market Capitalization — stock should be one of the 30 companies with highest-ranked market capitalization (MCAP), measured by the company’s stock price multiplied by the number of shares being publicly traded.
The PSE regularly reviews the PSEi composition twice a year. Starting 2018, the recomposition will happen in February and another in August. This has been revised from the current practice of doing the index recomposition in March and in September.
Latest PSE index (PSEi) Composition, as of February 2018
Here are the 30 companies belonging to the PSEi. The recomposition is effective on February 19, 2018.
For this review period, there is actually no change in the PSEi compared to the previous version as of September 2017.
|PSE Index (PSEi) Stocks||Company||Stock Code|
|2||Aboitiz Equity Ventures||AEV|
|3||Alliance Global Group, Inc.||AGI|
|4||Ayala Land Inc.||ALI|
|6||Banco de Oro Unibank, Inc.||BDO|
|7||Bank of the Philippine Islands||BPI|
|8||Bloomberry Resorts Corp.||BLOOM|
|10||First Gen Corporation||FGEN|
|12||GT Capital Holdings||GTCAP|
|13||International Container Terminal Services Inc.||ICT|
|14||Jollibee Foods Corporation||JFC|
|15||JG Summit Holdings||JGS|
|17||Metropolitan Bank and Trust Company||MBT|
|19||Manila Electric Company||MER|
|20||Metro Pacific Investments Corporation||MPI|
|21||Puregold Price Club, Inc.||PGOLD|
|22||Robinsons Retail Holdings Inc.||RRHI|
|23||Robinsons Land Corporation||RLC|
|24||Semirara Mining Corporation||SCC|
|26||SM Investments Corporation||SM|
|27||San Miguel Corporation||SMC|
|28||SM Prime Holdings||SMPH|
|29||Philippine Long Distance Telephone Company||TEL|
|30||Universal Robina Corporation||URC|
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