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Shanghai Composite Index (SSEC) |
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HedgeAnalyst
Oct 21
Comment
China technical update – from JPMorgan’s M Krauss - the Shanghai Composite “A” Index (3004) has achieved our “3000-3100 by year-end” targets from the July 22 Special Focus report “Shanghai Composite: Major Bottom Forming {2562}.”...
Clusterstock
Oct 19
Comment
It's been six months, but the Shanghai Composite is back above 3,000 after another huge night! Apparently they don't care about missing iPad estimates.
One more sign that Bernanke is blowing the mother of all bubbles, perhaps.
Join the...
BusinessWeek
Oct 18
Comment
China’s stocks rose for an eighth day, the longest rally in 11 months, as gains for brokerages and airlines on improving earnings prospects overshadowed declines for commodity producers.
Fund my Mutual Fund
Oct 15
Comment
The Chinese came back from holidays with gusto to buy speculative assets - it must have been difficult to sit aside when local markets were closed and watch every global asset on earth not named the U.S. dollar rally, and not be able to join the...
Clusterstock
Oct 15
Comment
In case you missed it earlier, the Shanghai Composite jumped over 3% Friday!
Here's a one-year look at the market. Is that the Fed's cheap money finding its way into Chinese shares in recent days?
Join the conversation about this story »
Bloomberg
Oct 14
Comment
China’s stock rally may falter as
the Shanghai Composite Index faces “risk” at the 3,000-level,
according to Chart Partners Group Ltd.
GreenLightAdvisor Views
Oct 7
Comment
This note/chart is a guest contribution by Bespoke Investment Group.
With a decline of 18.9% YTD and a loss of more than 21% from its 52-week high, the bear market in China's Shanghai Composite Index has been well documented. However, while...
Clusterstock
Sep 20
Comment
If your of the view that the Shanghai Composite is somehow a leading indicator for the US, then watch out. The index just hit a 5-week low, after a long-stretch of trading sideways.
Join the conversation about this story »
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes an index that measures the performance of an exchange, industry or a geographic region. View articles referencing this index. |
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 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].
- Air China (AIRYY)
- Aluminum Corporation of China (ACH)
- Bank of China (HKG:3988)
- Bank of Communications
- Baosteel
- Beijing Gehua CATV Network
- Beijing North Star
- CITIC Bank
- China Life Insurance Company (LFC)
- China Merchants Bank
- China Merchants Energy Shipping
- China Minsheng Banking
- SINOPEC Shangai Petrochemical Company (SNP)
- China Shipping Development Company
- CHINA UNICOM (CHU)
- China Yangtze Power
- Citic Securities
- Daqin Railway
- Founder Group
- GD Power Development
- Guangshen Railway Company (GSH)
- Handan Iron & Steel
- Hua Xia Bank
- Huaneng Power International
- ICBC
- Industrial Bank (China)
- Inner Mongolia BaoTou Steel Union
- Inner Mongolia Yili Industrial Group
- Jiangxi Copper
- Jiangxi Ganyue Expressway
- Kweichow moutai
- Long March Launch Vehicle Technology
- Offshore Oil Engineering
- Orient Group
- Ping An Insurance (PNGAY.PK)
- Poly Real Estate Group
- Shanghai Automotive
- Shanghai International Airport
- Shanghai International Port (Group)
- Shanghai Oriental Pearl
- Shanghai Petrochemical
- Shanghai Pudong Development Bank
- Shanghai Zhenhua Port Machinery
- Shenergy Company
- Sichuan Hongda
- Tianjin Port
- Tsinghua Tongfang
- Wuhan Iron and Steel
- Yantai Wanhua Polyurethanes
- Youngor Group
References
- ↑ Paasche and Laspeyres price indices
- ↑ Paasche and Laspeyres price indices
- ↑ SSE Composite Index Methodology
- ↑ Components for SSE Composite Index
- ↑ Components of the SSE 50
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