New PSEi composition, as of September 2011

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Five (5) new companies are to be included in the revised Philippine Stock Exchange index (PSEi) effective September 12.

These five companies are Belle Corporation (BEL), Cebu Air Inc. (CEB), San Miguel Corporation (SMC), Semirara Mining Corporation (SCC) and SM Development Corporation (SMDC).

They will replace ABS-CBN Corporation (ABS), Filinvest Land Inc. (FLI), First Philippine Holdings Corp. (FPH), Lepanto Consolidated Mining Company (LC/LCB) and Security Bank Corporation (SECB) that were previously included in the PSEi as of May 2011.

The updated 30-company PSE index is as follows.

Composition of the Philippine Stock Exchange index (PSEi)
as of September 2011

[TABLE=96]

The PSEi, a basket of thirty (30) publicly-traded shares in the local bourse, generally represents the overall economic well-being of the Philippine economy and is usually used as the benchmark index for funds heavily invested in domestic equities.

Twice every year (March and September), the PSEi is assessed whether the stocks in the index adhere to the policies governing PSEi inclusion.

These policies include:

  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

Companies included in the PSEi that do not adhere to the above rules are removed and replaced with new ones.

The new composition of the Sector Indices is as  follows.

Financials Index

  1. BANCO DE ORO UNIBANK (BDO)
  2. BANK OF THE PHILIPPINE ISLANDS (BPI)
  3. CHINA BANKING CORPORATION (CHIB)
  4. METROPOLITAN BANK & TRUST COMPANY (MBT)
  5. NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES (NRCP)
  6. PHILIPPINE NATIONAL BANK (PNB)
  7. RIZAL COMMERCIAL BANKING CORPORATION (RC B)
  8. SECURITY BANK CORPORATION (SECB)
  9. THE PHILIPPINE STOCK EXCHANGE, INC. (PSE)
  10. UNION BANK OF THE PHILIPPINES (UBP)
  11. VANTAGE EQUITIES (V)

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

Reserve List

  1. SECURITY BANK CORPORATION (SECB)
  2. PHILIPPINE NATIONAL BANK (PNB)
  3. FIRST PHILIPPINE HOLDINGS (FPH)
  4. UNION BANK OF THE PHILIPPINES (UBP)
  5. FILINVEST LAND, INC. (90)

Related reading:

About the Author

James Ryan Jonas teaches business strategy, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.1 Billion ($56 Million) worth of retirement funds on behalf of thousands of UP employees.

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