The PSE Composite Index, or the PSEi (since April 3, 2006, previously as PHISIX), is the Philippine main stock market index, consisting 30 of the largest companies traded in the Philippine Stock Exchange (PSE). This is in contrast to the broader PSE All Shares Index which is an index of all stocks traded in the PSE.
The base level of the PSEi was pegged at 1,022.045 points, according to the close of the index on February 28, 1990. The highest closing value was 9,058.62 on Monday, January 29, 2018. The highest intraday value was recorded at that same day at 9,078.37. although there is evidence the index may not be a reliable indicator of the state of the broader Philippine economy.
Methodology
Composition
The PSE revises the list of component stocks at least twice a year with regular rebalancing schedules every February and August, based on December-end and June-end information spanning latest 12 months of trading data, respectively. Component stocks should broadly satisfy the following requirements in order to qualify for the index:
Where:
n = Total number of component companies (30)
<math>\mathsf{P_i}</math> = Closing price of company i at day t
<math>\mathsf{S_i}</math>= Available shares of company i at day t
<math>\mathsf{F_i}</math>= Company free float level (0 to 1), where 1 means 100% free float.
b = Free float-adjusted market capitalization base
Frequency
The index is calculated every 15 seconds and currently disseminated every minute whenever the Philippine Stock Exchange is open.
|9,078.37
|Monday, 29 January 2018
|}
Annual returns
The following table shows the closing value of the PSEi at the end of each calendar year since 1980.
{| class="wikitable defaultright col1left sortable mw-collapsible"
!Year
!Closing level
!Points Change
!% Annual Change
|-
|1980
|256.78
|
|
|-
|1981
|183.91
| style="color:red"| −72.87
| style="color:red"|−28.38%
|-
|1982
|170.36
| style="color:red"|−13.55
| style="color:red"|−7.37%
|-
|1983
|167.49
| style="color:red"|−2.87
| style="color:red"|−1.68%
|-
|1984
|100.29
| style="color:red"|−67.20
| style="color:red"|−40.12%
|-
|1985
|131.19
| +30.90
| +30.81%
|-
|1986
|424.81
| +293.62
| +223.81%
|-
|1987
|813.17
| +388.36
| +91.42%
|-
|1988
|841.65
| +28.48
| +3.50%
|-
|1989
|1,104.57
| +262.92
| +31.24%
|-
|1990
|651.78
| style="color:red"|−452.79
| style="color:red"|−40.99%
|-
|1991
|1,151.87
| +500.09
| +76.73%
|-
|1992
|1,256.22
| +104.35
| +9.06%
|-
|1993
|3,196.08
| +1,939.86
| +154.42%
|-
|1994
|2,785.81
| style="color:red"|−410.27
| style="color:red"|−12.84%
|-
|1995
|2,594.18
| style="color:red"|−191.63
| style="color:red"|−6.88%
|-
|1996
|3,170.56
| +576.38
| +22.22%
|-
|1997
|1,869.23
| style="color:red"|−1,301.33
| style="color:red"|−41.04%
|-
|1998
|1,968.78
| +99.55
| +5.33%
|-
|1999
|2,142.97
| +174.19
| +8.85%
|-
|2000
|1,494.50
| style="color:red"|−648.47
| style="color:red"|−30.26%
|-
|2001
|1,168.08
| style="color:red"|−326.42
| style="color:red"|−21.84%
|-
|2002
|1,018.41
| style="color:red"|−149.67
| style="color:red"|−12.81%
|-
|2003
|1,442.37
| +423.96
| +41.63%
|-
|2004
|1,822.83
| +380.46
| +26.38%
|-
|2005
|2,096.04
| +273.21
| +14.99%
|-
|2006
|2,982.54
| +886.50
| +42.29%
|-
|2007
|3,621.60
| +639.06
| +21.43%
|-
|2008
|1,872.85
| style="color:red"|−1,748.75
| style="color:red"|−48.29%
|-
|2009
|3,052.68
| +1,179.83
| +63.00%
|-
|2010
|4,201.14
| +1,148.46
| +37.62%
|-
|2011
|4,371.96
| +170.82
| +4.07%
|-
|2012
|5,812.73
| +1,440.77
| +32.95%
|-
|2013
|5,889.83
| +77.10
| +1.33%
|-
|2014
|7,230.57
| +1,340.74
| +22.76%
|-
|2015
|6,952.08
| style="color:red"|−278.49
| style="color:red"|−3.85%
|-
|2016
|6,840.64
| style="color:red"|−111.44
| style="color:red"|−1.60%
|-
|2017
|8,558.42
| +1,717.78
| +25.11%
|-
|2018
|7,466.02
| style="color:red"|−1,092.40
| style="color:red"|−12.76%
|-
|2019
|7,815.26
| +349.24
| +4.68%
|-
|2020
|7,139.71
| style="color:red"|−675.55
| style="color:red"|−8.64%
|-
|2021
|7,122.63
| style="color:red"|−17.08
| style="color:red"|−0.24%
|-
|2022
|6,566.39
| style="color:red"|−556.24
| style="color:red"|−7.81%
|-
|2023
|6,450.04
| style="color:red"|−116.35
| style="color:red"|−1.77%
|-
|2024
|6,528.79
| +78.75
| +1.22%
|-
|2025
|6,052.92
| style="color:red"|−475.87
| style="color:red"|−7.29%
|}
Component changes
{| class="wikitable sortable" id="changes"
! rowspan="2" data-sort-type="date" |Date
! colspan="2" |Added
! colspan="2" |Removed
! rowspan="2" |Reason
|-
!Ticker
!Security
!Ticker
!Security
|-
|February 2, 2026
|RCR
|RL Commercial REIT
|AGI
|Alliance Global
|Regular semi-annual rebalancing.
|-
|August 18, 2025
|PLUS
|DigiPlus Interactive
|BLOOM
|Bloomberry Resorts
|Regular semi-annual rebalancing.
|-
|February 3, 2025
|AREIT
|Ayala REIT
|NIKL
|Nickel Asia
|Regular semi-annual rebalancing.
|-
|February 3, 2025
|CBC
|Chinabank
|WLCON
|Wilcon Depot
|Regular semi-annual rebalancing.
|-
|September 26, 2023
|BLOOM
|Bloomberry Resorts
|AP
|Aboitiz Power
|Aboitiz Power's buyback dragged its free-float level below the minimum requirement, rendering it ineligible for index inclusion.
|-
|September 26, 2023
|CNPF
|Century Pacific Food
|MPI
|Metro Pacific Investments
|Metro Pacific Investments was taken private.
|-
|February 6, 2023
|UBP
|Unionbank
|RLC
|Robinsons Land
|Regular semi-annual rebalancing.
|-
|February 14, 2022
|EMP
|Emperador, Inc.
|BLOOM
|Bloomberry Resorts
|Regular semi-annual rebalancing.
|-
|February 14, 2022
|MONDE
|Monde Nissin
|RRHI
|Robinsons Retail
|Regular semi-annual rebalancing. MONDE entered the index via early entry.
|-
|August 16, 2021
|ACEN
|ACEN Corporation
|DMC
|DMCI Holdings
|Regular semi-annual rebalancing.
|-
|August 16, 2021
|CNVRG
|Converge ICT
|EMP
|Emperador, Inc.
|Regular semi-annual rebalancing. PSE revised its index guidelines to allow for early entry, rendering the newly-listed Converge eligible for the index.
|-
|February 18, 2019
|BLOOM
|Bloomberry Resorts
|PCOR
|Petron Corporation
|Regular semi-annual rebalancing.
|-
|September 28, 2017
|RRHI
|Robinsons Retail
|EDC
|Energy Development Corporation
|Component stock First Gen Incorporated (FGEN) sold its stake in EDC to Macquarie, bringing EDC's free float level below the minimum requirement.
|-
|March 13, 2017
|PGOLD
|Puregold
|EMP
|Emperador, Inc.
|Regular semi-annual rebalancing.
|-
|September 12, 2016
|SECB
|Security Bank
|BLOOM
|Bloomberry Resorts
|Regular semi-annual rebalancing.
|-
|September 15, 2015
|EMP
|Emperador, Inc.
|PX
|Philex Mining
|Regular semi-annual rebalancing.
|-
|March 17, 2014
|MER
|Meralco
|MWC
|Manila Water
|Regular semi-annual rebalancing.
|-
|September 16, 2013
|GTCAP
|GT Capital
|BEL
|Belle Corporation
|Regular semi-annual rebalancing.
|-
|September 16, 2013
|LTG
|LT Group
|MER
|Meralco
|Regular semi-annual rebalancing.
|-
|September 10, 2012
|PCOR
|Petron Corporation
|CEB
|Cebu Pacific
|Regular semi-annual rebalancing.
|-
|September 12, 2011
|BEL
|Belle Corporation
|ABS
|ABS-CBN Corporation
|Regular semi-annual rebalancing.
|-
|September 12, 2011
|CEB
|Cebu Pacific
|FLI
|Filinvest Land
|Regular semi-annual rebalancing.
|-
|November 8, 2010
|DMC
|DMCI Holdings
|GMA7
|GMA Network
|Regular semi-annual rebalancing.
|-
|November 8, 2010
|FGEN
|First Gen Corporation
|SMC
|San Miguel Corporation
|Regular semi-annual rebalancing.
|-
|May 11, 2010
|CHIB
|Chinabank
|FGEN
|First Gen Corporation
|Regular semi-annual rebalancing.
|-
|November 3, 2009
|PSE
|Philippine Stock Exchange
|RCBC
|Rizal Commercial Banking Corporation
|Regular semi-annual rebalancing.
|-
|May 4, 2009
|GMA7
|GMA Network
|UBP
|Unionbank
|Regular semi-annual rebalancing.
|-
|November 14, 2008
|AGI
|Alliance Global
|PNB
|Philippine National Bank
|Regular semi-annual rebalancing.
|-
|May 26, 2008
|RCBC
|Rizal Commercial Banking Corporation
|BEL
|Belle Corporation
|Regular semi-annual rebalancing.
|-
|November 16, 2007
|FLI
|Filinvest Land
|SECB
|Security Bank
|Regular semi-annual rebalancing.
|-
|December 4, 2006
|JGS
|JG Summit Holdings
|EEI
|Empire East Land
|Regular semi-annual rebalancing.
|-
|April 3, 2006
|MA
|Manila Mining
|PLTL
|Piltel
|PSE adopted a free-float criterion, which Piltel failed to qualify.