PSEi: Updated PSE index stocks composition (Sept 2017)

What stocks currently comprise the Philippine Stock Exchange index or PSEi?

What’s the PSEi, in the first place?

Continue reading to have an idea why the knowing the PSE index stocks composition is vital to know.

What is the PSEi?

The PSEi is a collection of thirty (30) publicly traded stocks in the Philippine Stock Exchange (PSE). The performance, or day-to-day change in value, of this index is monitored every trading day because it is seen as a barometer of market sentiment and general economic conditions of the country.

A rising PSEi signals positive outlook in the performance of the 30 companies included in the index, and also acts as proxy for optimistic market and business conditions. Similarly, a declining PSEi could signal pessimism because this translates to lower expected financial returns from the companies belonging to the index.

Some would argue that the PSEi stocks are considered the “blue chip” stocks in the stock market. This is not necessarily true, since other companies may be considered “blue chips” — because they have more stable performance or more reliable returns — and yet they’re not part of the PSEi.

At the same time, to be part of the PSE index, companies need not be “blue chips” per se. They simply have to meet three factors to be eligible for PSEi inclusion.

*View the latest PSEi stock composition by clicking the image below:

PSEi Inclusion Criteria

The PSE looks at the following 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 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, once in March and another in September.

During the review period, a stock could be added to the index if it rises above the 25th position in terms of full market capitalization, replacing the company that ranks lower.

A stock, meanwhile, could be deleted from the PSEi if it falls below the 35th position in terms of full market capitalization.

Latest PSE index (PSEi) Composition, as of September 2017

Here are the 30 companies belonging to the PSEi effective September 28, 2017.

PSE Index (PSEi) StocksCompanyStock Code
1Ayala CorporationAC
2Aboitiz Equity VenturesAEV
3Alliance Global Group, Inc.AGI
4Ayala Land Inc.ALI
5Aboitiz PowerAP
6Banco de Oro Unibank, Inc.BDO
7Bank of the Philippine IslandsBPI
8Bloomberry Resorts Corp.BLOOM
9DMCI HoldingsDMC
10First Gen CorporationFGEN
11Globe TelecomGLO
12GT Capital HoldingsGTCAP
13International Container Terminal Services Inc.ICT
14Jollibee Foods CorporationJFC
15JG Summit HoldingsJGS
16LT GroupLTG
17Metropolitan Bank and Trust CompanyMBT
18Megaworld CorporationMEG
19Manila Electric CompanyMER
20Metro Pacific Investments CorporationMPI
21Puregold Price Club, Inc.PGOLD
22Robinsons Retail Holdings Inc.RRHI
23Robinsons Land CorporationRLC
24Semirara Mining CorporationSCC
25Security BankSECB
26SM Investments CorporationSM
27San Miguel CorporationSMC
28SM Prime HoldingsSMPH
29Philippine Long Distance Telephone CompanyTEL
30Universal Robina CorporationURC

RRHI replaces EDC in the PSEi

Effective September 28, 2017, the updated PSEi includes a brand-new addition — Robinsons Retail Holdings Inc. (RRHI) — replacing geothermal firm Energy Development Corp. (EDC).

EDC is removed from the PSEi because its free float level, which should be at least 12%, had dropped below the 12% minimum requirement after a tender offer was made by new investors to minority shareholders of EDC.

That’s the only change in the index composition after the PSEi review this September.

Rumors have it that EDC could eventually be delisted from the stock exchange. If this happens, here are options for EDC investors: What to do if your stock gets delisted?

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more
blank

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
blank

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
blank

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
blank

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
blank

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
blank

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
blank

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
blank

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

1 thought on “PSEi: Updated PSE index stocks composition (Sept 2017)”

  1. What are the weights of each stock that comprise the index? Example: if I had P10M, to mimic the index, is there a list of how many shares of each of these 30 stocks I should own? (if I can mimic the index, then I wouldn’t have to get an Index Fund, which still has management fees)

    Reply

Leave a Comment