Shanghai Stock Exchange: Four indices to be launched, SSE Scale Indices system completed

Shanghai Stock Exchange: Four indices to be launched, SSE Scale Indices system completed

 

19/06/09

Based on the SSE 50 Index and the SSE 180 Index, the SSE Scale Indices, finalized recently by China Securities Index Co., Ltd. (CSI), will be launched officially on July 3, 2009. The four new indices, including the SSE Small-cap Index, SSE Mid-cap Index, SSE Small & Mid-cap Index and SSE All-share Index, together with the SSE Mega-cap Index, SSE 50 Index and SSE 180 Index, constitute the SSE Scale Indices System. Among them, the SSE 50 Index is the large-cap index and the SSE 180 Index the large and mid-cap index.

The SSE Mid-cap Index covers 130 companies in the constituents of the SSE 180 Index that are not in the SSE 50 Index. The SSE Small-cap Index selects the top 320 stocks by overall ranking of the shares remained in the constituent universe (after excluding the constituents in the SSE 180 Index) according to their total market capitalization and turnover. The introduction of the SSE Scale Indices, perfecting the SSE's index system, provides more instruments for market analysis and investment appraisal. Also, it provides more choices for innovation of such index products as index funds and ETF.

According to latest statistics, the total market capitalization and the floating market capitalization of the SSE Small-cap Index, SSE Mid-cap Index, SSE Small & Mid-cap Index and SSE All-share Index account for 12.17% and 19.61%, 14.66% and 22.78%, 26.83% and 42.39%, and 93.41% and 90.82%, respectively, of the total.

By June 17, 2009, the SSE Small-cap Index, SSE Mid-cap Index, SSE Small & Mid-cap Index and SSE All-share Index had closed at 2,686.52, 2,712.06, 2,704.42 and 2,441.12 points, up 168.7%, 171.2%, 170.4% and 144.1%, respectively, from the base day.

 

For compilation method and the details of the SSE Scale Indices, please refer to the websites of the SSE (www.sse.com.cn) and the CSI (www.csindex.com.cn).