Shanghai Composite Index (SSEC)

QUOTE AND NEWS
newratings.com  3 hrs ago  Comment 
BEIJING (dpa-AFX) - The China stock market picked up less than a single point on Tuesday, but that was enough to snap the two-day slide in which it had plummeted more than 165 points or 5.6 percent. The Shanghai Composite Index remains just above...
The Economic Times  May 10  Comment 
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.1 percent to 3,069.11 points, while the Shanghai Composite Index was little changed at 2,832.59.
The Economic Times  Apr 28  Comment 
The CSI300 index fell 0.2 percent, to 3,160.58 points at the close of trade, while the Shanghai Composite Index lost 0.3 percent, to 2,946.20 points.
The Economic Times  Apr 26  Comment 
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose to 3,179.16, while the Shanghai Composite Index gained to 2,964.70 points.
The Economic Times  Apr 25  Comment 
Both the blue-chip CSI300 index and the Shanghai Composite Index fell 0.4 percent, reaching 3,162.03 points and 2,946.67 points, respectively.
The Economic Times  Apr 21  Comment 
The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.6% to 3,160.60, while the Shanghai Composite Index lost 0.7% to 2,952.89 points.
The Economic Times  Apr 20  Comment 
The Shanghai Composite Index slumped 2.3 percent to 2,972.58 points, breaching 3,000 - seen by many as a key technical support level.
BBC News  Apr 20  Comment 
China's main share index, the Shanghai Composite, reverses early gains to close more than 2% lower.
The Economic Times  Apr 19  Comment 
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose to 3,238.30, while the Shanghai Composite Index gained to 3,042.82 points.




 
TOP CONTRIBUTORS

The SSE composite index comprises of all the A shares and B shares listed on the Shanghai Stock Exchange. The index can be tracked all the way back to Dec 19, 1990 and to a price of 100. Index trade volume is scaled down by a factor of 1000.

Weighting and Calculation

SSE Indices are all calculated using a Paasche weighted composite price index formula[1], similar to the CSI 300 Index. This means that the index is based on its base period for its calculations as compared to certain other exchanges, like the DAX, which base their calculations on the previous period (the laspyres price index calculation). [2]

Composite Indices and Sector Indices are weighted by shares.

  • The formula is:

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

Total market capitalization = ∑ (price × shares issued)[3]

  • 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.

Composition

The total number of companies on the composite index is 872[4]. Listed Below are the top 50 companies on the composite (They also comprise the SSE 50).[5].

References

  1. Paasche and Laspeyres price indices
  2. Paasche and Laspeyres price indices
  3. SSE Composite Index Methodology
  4. Components for SSE Composite Index
  5. Components of the SSE 50
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