Shanghai_Composite_Index

SSE Composite Index

SSE Composite Index

Stock market index


The SSE Composite Index also known as SSE Index is a stock market index of all stocks (A shares and B shares) that are traded at the Shanghai Stock Exchange.[2]

Quick Facts Foundation, Operator ...
Quick Facts Simplified Chinese, Transcriptions ...

There are also SSE 180, SSE 50 and SSE Mega-Cap Indexes for top 180, 50 and 20 companies respectively, and the CSI 300 Index, which includes shares traded at the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

Weighting and calculation

SSE Indices are all calculated using a Paasche weighted composite price index formula. This means that the index is based on a base period on a specific base day for its calculation. The base day for SSE Composite Index is December 19, 1990, and the base period is the total market capitalization of all stocks of that day.[2] The Base Value is 100. The index was launched on July 15, 1991.[2]

  • The formula is:

Current index = Current total market cap of constituents × Base Value / Base Period

Total market capitalization = Σ (price × shares issued)

  • The B share stocks are generally denominated in US dollars for calculation purposes. For calculation of other indices, B share stock prices are converted to RMB at the applicable exchange rate (the middle price of US dollar on the last trading day of each week) at China Foreign Exchange Trading Center and then published by the exchange.

Annual Returns

The following table shows the annual development of the SSE Composite Index since 1990.[3][4]

More information Year, Closing level ...

See also


References

  1. "SSE Composite Fact Sheet September 2017" (PDF) (Press release). China Securities Index. September 2017. Archived (PDF) from the original on 31 October 2017. Retrieved 31 October 2017.
  2. "Methodology of SSE Composite Index" (PDF). China Securities Index. Retrieved 31 October 2017.
  3. "Shanghai Composite Index (China) Yearly Stock Returns". www.1stock1.com. Retrieved 2020-01-20.

Share this article:

This article uses material from the Wikipedia article Shanghai_Composite_Index, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.