Philippine Stock Exchange Index
| Philippine Stock Exchange Index | |
|---|---|
| base data | |
| Country | Philippines |
| Stock exchange | Philippine Stock Exchange |
| ISIN | not known |
| WKN | not known |
| symbol | PSEI |
| RIC | ^ PSEI |
| Bloomberg code | PCOMP <INDEX> |
| category | Stock index |
| Type | Price index |
| family | PSE indices |
The Philippine Stock Exchange Index , PSEi for short (formerly PSE Composite Index, PHISIX) is the leading share index in the Philippines . The 30 largest public companies are listed on the Philippine Stock Exchange (PSE).
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 are determined depending on the market capitalization (on a free float basis); for the inclusion of the index itself, a high value is placed on trading liquidity . A limited measurement period is considered in the calculation and the individual values are calculated in Philippine Pesos .
The index level is determined solely on the basis of share prices and only adjusted for income from subscription rights and special payments. Corporate actions such as stock splits have no (distorting) influence on the index. The calculation is continuously updated during PSE trading hours from 9:30 a.m. to 12:10 p.m. local time (1:30 a.m. to 4:10 a.m. CET ). Investing directly in the entire index is difficult to implement. In principle, an investment in the PSE itself via certificates is only possible through a selection of the stock corporations included in the PSEi.
The companies listed in the index cover a wide range of industries. The industrial, finance, services, holdings , real estate, and mining and oil sectors are of particular importance . When it comes to individual stocks, five companies stand out, which together account for around 40 percent of the index value: the telecommunications company Philippine Long Distance Telephone Company , the conglomerate Aboitiz Equity Ventures , the Bank of the Philippine Islands , the real estate company Ayala Land and the conglomerate SM Investments Corporation .
history
20th century
The index started on January 2, 1985 under the name MSE Composite Index with a base value of 100 points. The calculation was carried out back to 1980. On February 28, 1990, the index was renamed PSE Composite Index (PHISIX) and the base value was set at 1,022.045 points. On December 23, 1992, the Manila Stock Exchange (MSE) and the Makati Stock Exchange (MkSE) merged to form the Philippine Stock Exchange (PSE).
As a result of the liberalization of the financial sector, there was a credit boom in the Philippines in the late 1980s / early 1990s. The growth of the credit volume during this period averaged 8 to 10 percent above the growth rates of the gross domestic product (GDP). An ever larger part of the loans was used to buy stocks and real estate. The result was a surge in the stock market and a sharp rise in property prices. In July 1987, the index finished trading at 1,337.59 points. Since January 1985 the profit has been 1,238 percent.
After Black Monday on October 19, 1987 on the New York Stock Exchange , when the value of the Dow Jones index plummeted 22.6 percent, the MSE Composite fell again. In November 1987, it finished trading at 626.18 points. The loss since July 1987 is 53.2 percent. On November 20, 1989, the leading Philippine index closed at 1,396.26 points and thus 123.0 percent higher.
A year later, on October 5, 1990, the index ended trading at 516.21 points, 63.0 percent lower. On September 13, 1993, the share index closed above the 2,000-point mark for the first time and on December 23, 1993 above the 3,000-point mark. On January 4, 1994, the PHISIX ended trading at 3,346.79 points, 548.6 percent higher than in October 1990.
On September 30, 1994, the PSE Composite Index was revised and the base value was set at 2,922.21 points.
One year later, on November 20, 1995, the PHISIX closed at 2,196.48 points. The loss since January 1994 is 34.4 percent. In the following 14 months, the share index rose 57.0 percent. On February 3, 1997, the stock market barometer ended trading at 3,447.60 points.
In the course of the Asian crisis , there was a massive outflow of capital, which triggered an economic crisis in the country. The crisis made investors in the Philippines nervous and withdrew their money. This put the currency, the Philippine peso , under pressure. At the same time, the Philippine government had a great need for short-term loans to fill gaps in the budget. The PHISIX lost value in the course of the crisis. On September 11, 1998 it closed at 1,082.18 points, 68.6 percent lower than in February 1997. It is the biggest fall in the history of the PHISIX.
In 1999 the index bounced back from its lows during the Asian crisis. By July 5, 1999, it rose to a closing level of 2,621.67 points. That was an increase of 142.3 percent since September 1998.
21st century
After the speculative bubble burst in the technology sector ( dot-com bubble ), the leading Philippine index fell to a low of 979.34 points by October 24, 2001. That was a decrease of 62.7 percent since July 1999. October 24, 2001 means the end of the downward slide. From autumn 2001 the PHISIX began to rise again.
On April 3, 2006, the PSE Composite Index was revised again and renamed the Philippine Stock Exchange Index (PSEi).
On October 8, 2007, the PSEi closed at a record level of 3,873.50 points. That was an increase of 295.7 percent since October 2001.
In the course of the international financial crisis , which had its origin in the US real estate crisis in the summer of 2007, the index began to decline again. From the third quarter of 2008, the crisis increasingly affected the real economy. As a result, share prices collapsed worldwide. On October 23, 2008 the stock market barometer closed with 1,995.92 points below the 2,000 point mark. The PSEi hit a new low on October 28, 2008 when it ended trading at 1,704.41 points. This corresponds to a decrease of 56.0 percent since October 2007.
October 28, 2008 marks the turning point in the downward trend. From autumn 2008 the index was on the way up again. On September 16, 2010, it closed above the 4,000 point mark for the first time. On January 9, 2013, the PSEi marked an all-time high with a closing level of 6,091.18 points. The profit since October 28, 2008 is 257.5 percent.
Highs
The overview shows the all-time highs of the Philippine Stock Exchange Index.
| Points | date | |
|---|---|---|
| in the course of trading | 9,078.37 | January 2018 |
Milestones
The table shows the milestones of the Philippine Stock Exchange Index.
| First close over |
Final score in points |
date |
|---|---|---|
| 1,000 | 1,000.00 | February 25, 1987 |
| 1,500 | 1,513.11 | 4th June 1992 |
| 2,000 | 2,003.62 | September 13, 1993 |
| 2,500 | 2,508.65 | 3rd November 1993 |
| 3,000 | 3,044.84 | December 23, 1993 |
| 3,500 | 3,505.03 | May 22, 2007 |
| 4,000 | 4,005.46 | September 16, 2010 |
| 4,500 | 4,507.04 | July 20, 2011 |
| 5,000 | 5,010.79 | March 5, 2012 |
| 5,500 | 5,500.58 | November 20, 2012 |
| 6,000 | 6,044.91 | January 7, 2013 |
Annual development
The table shows the annual development of the Philippine Stock Exchange Index calculated back to 1980.
| year | Final score in points |
Change in points |
Change in% |
|---|---|---|---|
| 1980 | 256.78 | ||
| 1981 | 183.91 | −72.87 | −28.38 |
| 1982 | 170.36 | −13.55 | −7.37 |
| 1983 | 167.49 | −2.87 | −1.68 |
| 1984 | 100.29 | −67.20 | −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 | −452.79 | −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 | −410.27 | −12.84 |
| 1995 | 2,594.18 | −191.63 | −6.88 |
| 1996 | 3,170.56 | 576.38 | 22.22 |
| 1997 | 1,869.23 | −1,301.33 | −41.04 |
| 1998 | 1,968.78 | 99.55 | 5.33 |
| 1999 | 2,142.97 | 174.19 | 8.85 |
| 2000 | 1,494.50 | −648.47 | −30.26 |
| 2001 | 1,168.08 | −326.42 | −21.84 |
| 2002 | 1,018.41 | −149.67 | −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 | −1,748.75 | −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 | −278.49 | −3.85 |
| 2016 | 6,840.64 | −111.44 | −1.60 |
| 2017 | 8,558.42 | 1,717.78 | 25.11 |
| 2018 | 7,466.02 | −1,092.40 | −12.76 |
composition
The Philippine Stock Exchange Index is composed of the following companies (as of April 1, 2011).
Web links
Individual evidence
- ↑ Philippine Stock Exchange: Trading Hours ( Memento of the original from January 26, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Philippine Stock Exchange: Index Guide ( Memento of the original from May 26, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ a b c Stooq: Historical Prices
- ↑ Philippines Stock Market (PSEi) | 2019 | Data | Chart | Calendar | Forecast. Retrieved December 13, 2019 .
- ^ Committee for Financial Technical Assistance in Asia: The Stock Markets in Asia , Institute of Global Financial Studies, Foundation for Advanced Information and Research, Tokyo 1994
- ↑ Philippine Stock Exchange: PSE Fact Book ( Memento of the original from December 21, 2010 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ PSE Composite Index (Philippines) Yearly Stock Returns. Retrieved December 13, 2019 .
- ↑ Philippine Stock Exchange: Composition ( Memento of the original from April 9, 2008 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
