PSE Mining and Oil Index
Encyclopedia
The PSE Mining and Oil Index is the main stock market index
of the Philippine Stock Exchange
for mining and oil companies.
The index is probably one of the few indices of the PSE that do not have companies listed on the PSE Composite Index
, with the exceptions of the Lepanto Consolidated Mining Company and Philex Mining Corporation, which are listed on the PHISIX. However, this index is known to be one of the best performing indices on the PSE in recent years with the recent revival of the Philippine mining industry.
The index is composed of the former PSE Mining Index and the PSE Oil Index. Both indices were merged in a reclassification of the PSE's indices on January 1, 2006.
Stock market index
A stock market index is a method of measuring a section of the stock market. Many indices are cited by news or financial services firms and are used as benchmarks, to measure the performance of portfolios such as mutual funds....
of the Philippine Stock Exchange
Philippine Stock Exchange
The Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...
for mining and oil companies.
The index is probably one of the few indices of the PSE that do not have companies listed on the PSE Composite Index
PSE Composite Index
The PSE Composite Index, commonly known previously as the PHISIX and presently as the PSEi, is the main stock market index of the Philippine Stock Exchange....
, with the exceptions of the Lepanto Consolidated Mining Company and Philex Mining Corporation, which are listed on the PHISIX. However, this index is known to be one of the best performing indices on the PSE in recent years with the recent revival of the Philippine mining industry.
The index is composed of the former PSE Mining Index and the PSE Oil Index. Both indices were merged in a reclassification of the PSE's indices on January 1, 2006.
Companies
The following are the companies listed on the PSE Mining and Oil Index:- Abra Mining and Industrial Corporation (ticker symbol: AR)
- Atlas Consolidated Mining and Development Corporation (ticker symbol: AT)
- Lepanto Consolidated Mining Company (ticker symbols: LC and LCB)
- Manila Mining Corporation (ticker symbols: MA and MAB)
- Philex Mining Corporation (ticker symbols: PX and PXB)
- United Paragon Mining Corporation (ticker symbol: UPM)