PSE Composite Index

PSE Composite Index
OperatorPhilippine Stock Exchange
ExchangesPhilippine Stock Exchange
Trading symbolPSEi
Constituents30
TypeLarge cap
Related indicesPSE All Shares Index
ReutersPSI
BloombergPCOMP:IND

The PSE Composite Index, or the PSEi (previously PHISIX), is a stock market index of the Philippine Stock Exchange (PSE) always consisting of 30 of the largest companies traded on the stock exchange.[1] This is in contrast to the PSE All Shares Index which is an index of all stocks traded on the PSE.

The highest closing value was 9,041.20 on Friday, January 26, 2018.[citation needed] The highest intraday value was 9,078.37 on Monday, January 29, 2018.[citation needed]

It is the PSE's only broad-base index and is seen as an indicator of the general state of the Philippine business climate,[2] although there is evidence the index may not be a reliable indicator of the state of the broader Philippine economy.[3]

The PSE revises the list at least twice a year based upon requirements that include a minimum public float level of 20% (increased from 12% in 2018) and criteria for market liquidity and market capitalization.[4]

  1. ^ "The Philippine Stock Exchange". Retrieved September 17, 2014.
  2. ^ Balaba, Jeaneth Michelle L. (June 20–22, 2017). Does the Stock market Drive the Philippine Economy? (PDF). DLSU Research Congress 2017. Retrieved July 31, 2018.
  3. ^ Heydarian, Richard Javad (March 20, 2013). "Philippine Stocks Crash: Symptom of Growing Economic Imbalances". HuffPost. Retrieved July 31, 2018.
  4. ^ Resane, Andrea Mei B. (February 13, 2018). "No change in PSE index; sectors undergo revamp". BusinessWorld. Retrieved March 27, 2018.