PSE Index

Main Index consists of top 30 companies. PSE review it twice a year.

1. Per Group with rough weight
SM Group     : SM(12.93%), SMPH(8.06%), BDO(7.27%)               = 28.26%
Ayala Group : AC(6.22%), ALI(8.16%), BPI(5.57%), GLO(1.29%) = 21.24%
JGS Group : JGS(5.30%), RLC(1.03%), RRHI(1.23%), URC(3.72)  = 11.28%
MPI Group : MPI(2.00%), MER(1.87%), TEL(4.05%)                      = 7.92%
GTCAP Group : GTCAP(2.75%), MBT(3.73%)                                 = 6.48%
Aboitiz Group:  AEV(4.56%), AP(1.37%)                                          = 5.93%
JFC Group : JFC(3.24%)                                                                      = 3.24%
AGI Group : AGI(1.60%), MEG(1.33%)                                             = 2.93%
ICT Group : ICT(2.81%)                                                                      = 2.81%
SECB Group: SECB(2.74%)                                                                = 2.74%
DMC Group : DMC(1.24%), SCC(1.00%)                                          = 2.24%
SMC Group: SMC(1.26%), PCOR(0.52%)                                          = 1.78%
LTG Group: LTG(1.55%)                                                                     = 1.55%
COSCO Group: PGOLD(1.13%)                                                         = 1.13%
LPZ Group : FGEN(0.46%)                                                                 = 0.46%

2. Changes
Recently removed : EDC, EMP, BLOOM
Recently added : RRHI, PGOLD



Notes: Reserve list : CEB, DD, DNL, VLL

3. Criteria

a) Free Float : 15%
b) Liquidity : stock must belong to the top 25% by median daily value turnover per month for at least nine out of 12 months; and
c) Full Market Capitalization — stock should be one of the 30 companies with highest-ranked market capitalization (MCAP), measured by the company’s stock price multiplied by the number of shares being publicly traded. 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. A stock, meanwhile, could be deleted from the PSEi if it falls below the 35th position in terms of full market capitalization.
Notes: SM, ALI, SMPH decide the index direction...hmmm.

Notes: I don't know how big index fund is in the Philippine market but in general, once a stock joins PSEI, the price goes up...even temporarily.