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.
Read more about PSE Mining And Oil Index: Companies, See Also
Famous quotes containing the words mining, oil and/or index:
“Any relation to the land, the habit of tilling it, or mining it, or even hunting on it, generates the feeling of patriotism. He who keeps shop on it, or he who merely uses it as a support to his desk and ledger, or to his manufactory, values it less.”
—Ralph Waldo Emerson (1803–1882)
“Is a park any better than a coal mine? What’s a mountain got that a slag pile hasn’t? What would you rather have in your garden—an almond tree or an oil well?”
—Jean Giraudoux (1882–1944)
“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)