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The Philippine Stock Exchange Composite Index (PSEi), Phisix before, is a group of
thirty (30) companies listed on the Philippine Stock Exchange, wisely selected to represent the
general movement of stock market prices. It is the benchmark for measuring the performance of
the Philippine stock market. Furthermore, the index serves as one of the indicators of the overall
state of economy of Philippines.
There are three (3) criteria that these companies should meet to qualify under PSEi:
1. Free Float the stock must have a public float of at least 12%;
2. Liquidity stock must belong to the top 25% by median daily value turnover per month for
at least nine out of 12 months; and
3. Full Market Capitalization stock should be one of the highest-ranked market
capitalization (MCAP), measured by the companys stock price multiplied by the number of
shares being publicly traded.
In March or in September during the review period, a stock could be added to the index if it rises
above the 25th position in terms of full market capitalization, replacing the company that ranks
lower.
The Philippine Stock Exchange conducts a rebalancing and recomposition of the PSE
index twice a year in March and in September using several inclusion criteria.
A company, meanwhile, could be removed if it falls below the 35th position in terms of
full market capitalization.
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