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.
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Famous quotes containing the words mining, oil and/or index:
“In strict science, all persons underlie the same condition of an infinite remoteness. Shall we fear to cool our love by mining for the metaphysical foundation of this elysian temple? Shall I not be as real as the things I see? If I am, I shall not fear to know them for what they are.”
—Ralph Waldo Emerson (1803–1882)
“Courage, determination, and hard work are all very nice, but not so nice as an oil well in the back yard.”
—Mason Cooley (b. 1927)
“Exile as a mode of genius no longer exists; in place of Joyce we have the fragments of work appearing in Index on Censorship.”
—Nadine Gordimer (b. 1923)