PSE Composite Index

The Philippine Stock Exchange Index, short PSei (formerly PSE Composite Index, PHISIX ) is the leading share index of the Philippines. In it, the 30 largest public companies in the Philippine Stock Exchange ( PSE) are listed.

Calculation

The Philippine Stock Exchange Index ( PSei ) is a price index, in which the 30 largest and most liquid stocks on the Philippine Stock Exchange ( PSE) are listed. The shares depending on the market capitalization are determined set (on free float basis), for inclusion in the index itself is also a high value on the trading liquidity. When calculating a limited measurement period is considered and the individual values ​​are calculated in Philippine Peso.

The Index will be determined solely on the basis of share prices and adjusted only to income from subscription rights and special. Corporate actions such as stock splits have no ( distorting ) influence on the index. The calculation is updated during the PSE trading between 9:30 bis 12:10 clock clock local time (1:30 bis 4:10 clock clock CET). A direct investment in the entire index is difficult to implement. Basically, an investment of the PSE is possible even on certificates only on a selection of the corporations included in the PSei.

The companies listed in the index companies cover a wide range of industries. A significant weight have above all the sectors industry, finance, services, holdings, real estate and mining and oil. For individual stocks, especially 5 companies are emerging which together provide about 40 percent of the index value: The telecommunications company Philippine Long Distance Telephone Company, the conglomerate Aboitiz Equity Ventures, Bank of the Philippine Islands, the real estate company Ayala Land and the conglomerate SM Investments Corporation.

History

20th century

The index was launched on January 2, 1985 under the name of MSE Composite Index with a base value of 100 points. The recalculation was made until 1980. February 28, 1990, the index in PSE Composite Index ( PHISIX ) was renamed and set the base value to 1022.045 points. On December 23, 1992, the Manila Stock Exchange closed (MSE ) and the Makati Stock Exchange ( MkSE ) to the Philippine Stock Exchange ( PSE) together.

As a result of the liberalization of the financial sector end of the 1980s/early 1990s created a credit boom in the Philippines. The growth of credit volume was at this time, on average, 8 to 10 percent higher than the growth rates of the gross domestic product (GDP). A growing proportion of loans has been employed here to purchase shares and real estate. The result was a rise in the stock market and a sharp rise in property prices. In July 1987, the index ended the day at 1337.59 points. Since January 1985, the profit amounted to 1.238 percent.

After Black Monday, October 19, 1987 on the New York Stock Exchange, as the value of the Dow Jones index plummeted by 22.6 percent, the MSE Composite fell again. In November 1987 he finished trading at 626.18 points. The loss since July 1987 is 53.2 percent. On 20 November 1989, the Philippine benchmark index closed at 1396.26 points, up by 123.0 percent higher.

A year later, on 5 October 1990, the index ended trading at 516.21 points, up by 63.0 per cent lower. On 13 September 1993, the stock index closed for the first time over the 2,000 - point mark on 23 December 1993 on the border of 3,000 points. On 4 January 1994, the PHISIX ended trading at 3346.79 points, up 548.6 percent higher than in October 1990.

On 30 September 1994, the PSE Composite Index has undergone a revision and set the base value to 2922.21 points.

A year later, on 20 November 1995, the PHISIX closed at 2196.48 points. The loss from January 1994 is 34.4 percent. In the following 14 months, the stock index rose by 57.0 percent. On February 3, 1997, the stock market barometer ended trading at 3447.60 points.

During the Asian crisis, there was a massive outflow of capital, which caused an economic crisis in the country. Due to the crisis, investors had become nervous in the Philippines and withdrew their money. This placed the currency of the Philippine peso, under pressure. At the same time, the Philippine government had a high demand for short-term loans to fill gaps in the budget. During the crisis, the PHISIX lost value. On 11 September 1998 he finished lower than in February 1997 at 1082.18 points, up 68.6 percent. It is the biggest downfall in the history of PHISIX.

In 1999, the index recovered from its lows during the Asian crisis. Until the 5th of July 1999, he rose to a closing level of 2621.67 points. That was September 1998, an increase of 142.3 percent.

21st Century

After the bursting of the speculative bubble in the technology sector ( dotcom bubble ) of the Philippine 's leading index fell to a low of 979.34 points to 24 October 2001. This was a decline from July 1999 to 62.7 percent. The October 24, 2001 marks the end of the descent. From autumn 2001, the PHISIX began to rise again.

On April 3, 2006 saw another revision of the PSE Composite Index and renamed the Philippine Stock Exchange Index ( PSei ).

On 8 October 2007, the PSei finished with 3873.50 points on a record level. That was in October 2001, an increase of 295.7 percent.

In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the index began to fall again. From the 3rd quarter of 2008, the crisis had an increasing impact on the real economy. As a result, stock prices plummeted worldwide. On 23 October 2008, the stock market barometer closed at 1995.92 points below the 2,000 -point mark. A new low was achieved by the PSei on October 28, 2008, when he finished trading at 1704.41 points. This represents a decline since October 2007, to 56.0 percent.

October 28 2008 marks the turning point of the descent. From the autumn of 2008, the index was back on the way up. On 16 September 2010 he joined the first time over the 4,000 -point mark. On January 9, 2013, the PSei marked with a closing level of 6091.18 points, an all time high. The profit since 28 October 2008 is 257.5 percent.

Highs

The overview shows the all-time highs of the Philippine Stock Exchange Index.

Milestones

The table shows the milestones of the Philippine Stock Exchange Index.

Annual development

The table shows the development of the back-calculated to 1980 Philippine Stock Exchange index.

Composition

The Philippine Stock Exchange Index is composed of the following companies (as of April 1, 2011).