Philippine Stock Exchange index rises with national growth

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The Philippines has had a better year than most other countries , and the Philippine Stock Exchange reflects this: its principal equity index, the PSEi , is up almost 20%.

[caption id="attachment_69533" align="alignright" width="300" caption="The Philippine stock exchange, Makati City"] Image courtesy Jun Acullador: http://www.flickr.com/photos/acullador/ [/caption]

The Philippine Stock Exchange created the PSEi in April 2006 as the successor to the Phisix and the PSE Composite indices. It calculates changes in the free-float market capitalization of the common shares of 30 of the largest and most liquid companies listed on the PSE.

The PSEi's predecessor was given a base value of 1,022.045 on February 28, 1990. The Philippine Stock Exchange also publishes six sector-based indices and an index that includes all companies listed on the exchange.

The Philippines has GDP of $390 billion, the 32nd-highest in the world. The country ranks $200 billion behind Thailand and $100 billion ahead of Vietnam.

Of all the stocks listed on the PSE, Philippine Long Distance Telephone Company ( PHI , quote ) is the only one widely traded on a U.S. exchange. This stock presents good opportunities for both income and growth investors .

Investors can also access the Philippines market through the iShares MSCI Philippines Investable Market Index Fund ( EPHE , quote ).



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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