Reference
The Philippine Stock Exchange’s headline index: a fixed basket of 30 large, actively traded companies, weighted by the value of the shares actually available to trade. Here is what it measures, who is in it right now, and how it changes.
When a news report says “Philippine shares fell 1.2 percent today”, the PSEi is almost always the number being quoted. It is one index calculated from 30 companies, not a measure of the whole exchange, where more than 280 companies are listed.
That distinction matters more often than people expect. Because the index weights its members by free-float market value, a handful of very large companies carry most of it. The PSEi can fall on a day when the majority of listed stocks actually rose, and rise on a day when most fell. Comparing the index against how many stocks moved with it is the only way to tell those days apart.
Verified August 19, 2026, reflecting the rebalancing effective August 3, 2026. Ranked by the value of their tradable shares, largest first, with today’s move alongside.
| # | Ticker | Company | Sector | Tradable value | Approx. share | Today |
|---|---|---|---|---|---|---|
| 1 | ICT | International Container Terminal Services, Inc. | Services | ₱1001.9B | 27.3% | +1.03% |
| 2 | SM | SM Investments Corporation | Holding Firms | ₱314.8B | 8.6% | -2.71% |
| 3 | BDO | BDO Unibank, Inc. | Financials | ₱280.5B | 7.7% | -0.42% |
| 4 | BPI | Bank of the Philippine Islands | Financials | ₱267.8B | 7.3% | -0.58% |
| 5 | SMPH | SM Prime Holdings, Inc. | Property | ₱189.2B | 5.2% | -1.33% |
| 6 | AC | Ayala Corporation | Holding Firms | ₱156.2B | 4.3% | -2.24% |
| 7 | MER | Manila Electric Company | Industrial | ₱142.6B | 3.9% | -0.54% |
| 8 | MBT | Metropolitan Bank & Trust Company | Financials | ₱139.2B | 3.8% | -0.54% |
| 9 | TEL | PLDT Inc. | Services | ₱104.1B | 2.8% | -1.40% |
| 10 | ALI | Ayala Land, Inc. | Property | ₱94.5B | 2.6% | -0.41% |
| 11 | AEV | Aboitiz Equity Ventures, Inc. | Holding Firms | ₱89.6B | 2.4% | +1.09% |
| 12 | CBC | China Banking Corporation | Financials | ₱83.1B | 2.3% | -1.50% |
| 13 | JFC | Jollibee Foods Corporation | Industrial | ₱78.9B | 2.2% | -2.22% |
| 14 | JGS | JG Summit Holdings, Inc. | Holding Firms | ₱62.9B | 1.7% | -1.75% |
| 15 | RCR | RL Commercial REIT, Inc. | Property | ₱62.1B | 1.7% | +0.00% |
| 16 | EMI | Emperador Inc. | Industrial | ₱60.5B | 1.7% | -0.39% |
| 17 | AREIT | AREIT, Inc. | Property | ₱56.1B | 1.5% | -0.80% |
| 18 | URC | Universal Robina Corporation | Industrial | ₱53.2B | 1.5% | +0.85% |
| 19 | GLO | Globe Telecom, Inc. | Services | ₱51.6B | 1.4% | -0.67% |
| 20 | MONDE | Monde Nissin Corporation | Industrial | ₱49.5B | 1.4% | +0.73% |
| 21 | GTCAP | GT Capital Holdings, Inc. | Holding Firms | ₱45.1B | 1.2% | -3.51% |
| 22 | LTG | LT Group, Inc. | Holding Firms | ₱41.5B | 1.1% | +1.47% |
| 23 | PGOLD | Puregold Price Club, Inc. | Services | ₱40.4B | 1.1% | -0.50% |
| 24 | MYNLD | Maynilad Water Services, Inc. | Industrial | ₱40.1B | 1.1% | -0.86% |
| 25 | CNPF | Century Pacific Food, Inc. | Industrial | ₱38.7B | 1.1% | +0.16% |
| 26 | SMC | San Miguel Corporation | Holding Firms | ₱30.4B | 0.8% | +0.08% |
| 27 | DMC | DMCI Holdings, Inc. | Holding Firms | ₱27.5B | 0.7% | +3.26% |
| 28 | ACEN | ACEN CORPORATION | Industrial | ₱24.1B | 0.7% | -0.39% |
| 29 | PLUS | DigiPlus Interactive Corp. | Services | ₱21.2B | 0.6% | -2.89% |
| 30 | SCC | Semirara Mining and Power Corporation | Industrial | ₱18.1B | 0.5% | +1.02% |
“Approx. share” is each company’s tradable market value as a percentage of the basket’s total, which is an approximation of its influence on the index, not PSE’s published weight. PSE applies its own caps and adjustments that are not available to PSEye, so treat this column as an indication of relative size rather than an exact figure. “N/A” means the stock posted no trade, not a flat day.
The basket is fixed at 30, so nobody joins without somebody leaving. PSE reviews membership at least twice a year, with changes normally taking effect in February and August, screening candidates on both size and how actively they trade. Size alone is not enough: a very large company whose shares rarely change hands can be left out, and a mid-sized company that trades heavily can get in.
Changes also happen off-cycle. A company that delists has to be replaced right away, and a newly listed company can qualify early if it is big and liquid enough. The most recent change here took effect August 3, 2026.
These changes move prices. Index funds have to hold the members in proportion, so an addition triggers forced buying and a removal forced selling around the effective date, regardless of how either business is doing. If you see a stock jump for no visible reason, an index change is worth checking.
Today's level, how many of the 282 tracked stocks moved with it, and which sectors led.
Year-by-year performance since 2020, with the average annual return and the current drawdown.
A live open or closed answer, session hours, and every non-trading holiday this year.
Good to know
The PSEi, or PSE Composite Index, is the Philippine Stock Exchange's headline index. It tracks a fixed basket of 30 of the largest and most actively traded common stocks on the exchange, weighted by free-float market value. When news reports say the Philippine stock market rose or fell by a percentage, this is almost always the number being quoted.
The PSE is the exchange itself, where more than 280 companies are listed and traded. The PSEi is one index calculated from just 30 of those companies. A day when the PSEi falls but most listed stocks rise is entirely possible, because the index only measures its own 30 members and weights the largest of them most heavily. See all 282 companies on the market map
Thirty. It is a fixed basket, so a company can only join when another leaves. PSE reviews membership at least twice a year and can also make changes off-cycle when a company qualifies early or delists.
By free-float market value, meaning each company counts in proportion to the value of the shares actually available to trade rather than its total share count. A company whose founding family holds most of the stock therefore counts for less than its headline market value suggests. This is also why the index can move a long way on a handful of very large members.
PSE reviews the composition at least twice a year, with changes usually taking effect in February and August. Off-cycle changes happen too: a company that delists has to be replaced immediately, and a newly listed company can qualify early if it is large and liquid enough.
Funds that track the index have to hold its members in proportion, so an addition creates forced buying and a removal creates forced selling around the effective date. That flow can move both stocks sharply without anything having changed about either business. See upcoming corporate actions
Not in the index itself, since an index is a calculation rather than a security. You can buy the individual constituents, or an index fund or exchange-traded fund that tracks the PSEi through a broker. PSEye is an independent tracker and does not sell or recommend any of these. New to the market? Start here