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PSEi: 30 Stock Components in Feb 2019

The PSEi, or the Philippine Stock Exchange index, is a collection of thirty (30) stocks traded in the Philippine Stock Exchange (PSE) whose overall performance is generally seen as a barometer of Philippine economic and business conditions.

The PSEi’s value is important because its fluctuations could signal positive or negative sentiment on the financial performance of the 30 companies included in the index. Outlook on the 30 PSEi companies is a proxy for the overall sentiment on the Philippine economy.

First, let’s discuss how companies can become part of the PSEi. Then down below, you’ll see the PSEi’s latest stock components in 2019.

Factors Considered to be Included in the PSEi

The PSE generally looks at three (3) inclusion criteria when deciding which stocks to include in the PSEi. These 3 criteria are:

1. Free Float — refers to the “public float” or minimum public ownership of the company. Specifically the PSE requires all publicly traded stocks to have at least 15% free float, which means the general public must own at least 15% of the company’s outstanding stocks.

2. Liquidity — refers to the “daily value turnover” or the number of stocks traded (bought and sold) during a given time period. To be included in the PSEi, the stock must belong to the top 25% by median daily value turnover per month for at least nine (9) in the last 12 months.

3. Full Market Capitalization — measured by the stock price multiplied by the number of shares of stocks publicly traded. A PSEi stock component must be one of the highest-ranked market capitalization (MCAP) in the PSE.

The PSE regularly reviews the PSEi stock composition twice every year, in February and in August.

In the February 2019 review of the PSEi, oil refinery company Petron Corp. (PCOR) was removed from the index and was replaced by Bloomberry Resorts Corp. (BLOOM).

Here’s the most recent and updated list of the 30 PSEi stock components as of February 2019.

2019 PSE index (PSEi) Stock Composition

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

The PSEi will undergo another review and its new composition, if any, will be announced on August 2019.

* For the latest PSEi Stock Composition: List of 30 Stocks in the PSE index, click here.

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