Index Composition : Your Philippine Stock Market Ultimate Resource

Generally, when we talk about "the index", we mean the PSE Composite Index. However, there are many other indeces which form each sector. This page seeks to clarify which shares belong to which index, as some are not as obvious as their names may suggest.

Credit for the content of this page belongs to my good man Mr. Javier Barredo, who verified this with the PSE last March, 1998. Our index compositions have not changed since then, but some shares have changed names. Click here for a print-friendly XLS version.

*Note: as of September 17, 2001, the Index Composition has been changed. The following disclosure below:

The Philippine Stock Exchange has approved the new composition of the PSE Index which will take effect by Monday. The new stocks to be included in the 30-company main index are Bank of the Philippine Islands (BPI), Union Cement Corporation (UCC), Music Corporation (MUSX), Globe Telecom, Inc. (GLO) and First Philippine Holdings Corp. (FPH).

The new stocks will replace Filinvest Development Corp. (FDC), C&P Homes, Inc. (CMP), Fil-Estate Land Inc. (LND), Pilipino Telephone Corp. (PLTL) and Southeast Asian Cement Holdings, Inc. (CMT). The PSE said that the new basket of stocks is the result of a review of all listed companies for 1998-2000 using existing guidelines governing the selection of index stocks

A PSE source said the new index is a better representation of the market. The last time the composite was changed was in 1998.

The new basket of stocks is the result of the review and evaluation of all listed companies by the PSE research department. Guidelines used in the review include market capitalization and liquidity of stocks, maturity, representation by each industry, and stock type.

The source said that based on last year's market figures, the new index captures 74% of the total market capitalization compared to 69% of the previous index.

New Composition of the PSE Composite Index
1	Aboitiz Equity Ventures, Inc.	13	Jollibee Foods Corporation
2	ABS-CBN Broadcasting Corporation	14	La Tondeña Distillers, Inc.
3	Ayala Corporation	15	Lepanto Consolidated Mining Company
4	Ayala Land, Inc.	16	Manila Electric Company
5	Belle Corporation	17	Megaworld Properties & Holdings, Inc.
6	Benpres Holdings Corporation	18	Metro Pacific Corporation
7	Digital Telecommunications Philippines, Inc.	19	Metropolitan Bank & Trust Company
8	DMCI Holdings, Inc.	20	Petron Corporation
9	Filinvest Land, Inc	21	Philippine Commercial International Bank, Inc.
10	International Container Terminal Services, Inc.	22	Philippine Long Distance Telephone Company
11	Ionics Circuits, Inc.	23	Philippine National Bank
12	JG Summit Holdings, Inc.	24	San Miguel Corporation
26	Bank of the Philippine Islands (BPI)	25	SM Prime Holdings, Inc.
27	Union Cement Corporation (UCC)	29	Globe Telecom, Inc. (GLO)
28	First Philippine Holdings Corp. (FPH)	30	Music Corporation (MUSX)
		removed	Filinvest Development Corporation
removed	Pilipino Telephone Corporation	removed	C & P Homes, Inc
removed	Southeast Asia Cement Holdings, Inc.	removed	Fil-Estate Land, Inc.

New Composition of the Commercial-Industrial Sector Index
1	Abacus Cons. Resources & Holdings, Inc.	26	International Container Terminal Services, Inc.
2	Aboitiz Equity Ventures, Inc.	27	Ionics Circuits, Inc.
3	ABS-CBN Broadcasting Corporation	28	JG Summit Holdings, Inc.
4	Air Philippines International Corporation	29	Jollibee Foods Corporation
5	Alaska Milk Corporation	30	La Tondeña Distillers, Inc.
6	Alsons Cement Corporation	31	Liberty Telecoms Holdings, Inc.
7	Alsons Consolidated Resources, Inc.	32	Mabuhay Holdings Corporation
8	Andres Soriano Corporation	33	Manila Electric Company
9	APC Group, Inc.	34	Metro Pacific Corporation
10	Asian Terminals, Inc.	35	Mondragon International Philippines, Inc.
11	Ayala Corporation	36	Music Corporation
12	Belle Corporation	37	Petron Corporation
13	Benpres Holdings Corporation	38	Philippine Long Distance Telephone Company
14	Cosmos Bottling Corporation	39	Pilipino Telephone Corporation
15	Crown Equities, Inc.	40	Republic Glass Holdings Corporation
16	Digital Telecommunications Philippines, Inc.	41	Reynolds Philippines Corporation
17	DMCI Holdings, Inc.	42	RFM Corporation
18	EEI Corporation	43	San Miguel Corporation
19	Filinvest Development Corporation	44	Selecta Dairy Products, Inc.
20	First Philippine Holdings Corporation	45	Solid Group, Inc.
21	Fortune Cement Corporation	46	Southeast Asia Cement Holdings, Inc.
22	Globe Telecom GMCR, Inc.	47	Steniel Manufacturing Corporation
23	Greater Asia Resources Corporation	48	Swift Foods, Inc.
24	Guoco Holdings (Phils.), Inc.	49	Universal Robina Corporation
25	Hi Cement Corporation	50	Waterfront Philippines, Inc.

New Composition of the Property Sector Index
1	Ayala Land, Inc.	6	Megaworld Properties & Holdings, Inc.
2	C & P Homes, Inc.	7	Primetown Property Group, Inc.
3	Empire East Land Holdings, Inc.	8	SM Prime Holdings, Inc.
4	Fil-Estate Land, Inc.	9	Universal Rightfield Property Holdings, Inc.
5	Filinvest Land, Inc.	10	Uniwide Holdings, Inc.

New Composition of the Banks & Financial Services Sector Index
1	Bankard, Inc.	6	Philippine National Bank
2	Bank of the Philippine Islands	7	Philippine Savings Bank
3	Far East Bank & Trust Company	8	Security Bank Corporation
4	Metropolitan Bank & Trust Company	9	Union Bank of the Philippines
5	Philippine Commercial International Bank, Inc.	10	Vantage Equities, Inc.

New Composition of the Mining Sector Index
1	Abra Mining & Industrial Corporation	5	Manila Mining Corporation
2	Atlas Consolidated Mining & Development Corporation	6	Philex Mining Corporation
3	Itogon-Suyoc Mines, Inc.	7	United Paragon Mining Corporation
4	Lepanto Consolidated Mining Company

New Composition of the Oil Sector Index
1	Alcorn Petroleum & Minerals Corporation	4	The Philodrill Corporation
2	Oriental Petroleum & Mineral Corporation	5	Trans-Asia Oil & Mineral Development Corporation
3	South China Petroleum & Exploration, Inc.	6	Vulcan Industrial & Mining Corporation