The PSE Mining Index, is the main stock market index of the Philippine Stock Exchange for mining companies. A stock market index is a listing of stocks, and a statistic reflecting the composite value of its components. ... The Philippine Stock Exchange (PSE) is the only stock exchange in the Philippines and is also one of the major stock exchanges in Southeast Asia. ...
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 exception of the Lepanto Consolidated Mining Company, which is 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 PSE Composite Index, commonly known as the PHISIX, is the main stock market index of the Philippine Stock Exchange. ...
Companies
The following are the companies listed on the PSE Mining Index:
Abra Mining and Industrial Corporation (ticker symbol: AR (http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?securitySymbol=AR))
Atlas Consolidated Mining and Development Corporation (ticker symbol: AT (http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?securitySymbol=AT))
Lepanto Consolidated Mining Company (ticker symbols: LC (http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?securitySymbol=LC) and LCB (http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?securitySymbol=LCB))
Manila Mining Corporation (ticker symbols: MA (http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?securitySymbol=MA) and MAB (http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?securitySymbol=MAB))
Philex Mining Corporation (ticker symbols: PX (http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?securitySymbol=PX) and PXB (http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?securitySymbol=PXB))
United Paragon Mining Corporation (ticker symbol: UPM (http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?securitySymbol=UPM))
In addition, most indexes are capitalization-weighted, which means that the stocks with the most outstanding shares at the highest price are weighted the heaviest in the index and thus have the most influence on index movement.
In some modified-cap indexes, the number used as the outstanding shares portion of the equation is adjusted to reflect only those shares that are freely available for trade, ignoring those shares held in solid hands, such as individuals who own the company.
The market value of an index security is equal to the security's price multiplied by a "depository receipt multiplier," which is the figure used instead of shares outstanding to determine a stock's market value for weighting purposes in the index.
This year, I said that 2007/2008 will be the years of the mining industry and I recommended GEO at P0.60.
Other profitable sectors are property, power, infrastructure and tourism but prices of stocks are already high and they do not possess the same sustainable growth potential as mining, which is capable of leading the country back into an era of prosperity last seen in the years leading up to 1980.
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