Shanghai Stock Exchange: SSE 100, 150 indices released

Shanghai Stock Exchange: SSE 100, 150 indices released

24/04/2012

As the essential part of multi-tiered blue chip market index system of the Shanghai Stock Exchange (SSE), SSE 100 and 150 Indices are officially released.

SSE 100 and 150 Indices respectively closed at 3,944.50 and 3,374.46 yesterday, with the respective accumulative increase by 294.45% and 237.45% since the base day. Besides, SSE 100 and 150 Indices respectively realize RMB792.7 billion and RMB455.8 billion in the aggregate market value, with the latest trailing price-earnings ratios of 20.38 and 52.22 respectively.

As the SSE core investment index of rising companies with blue chip shares, SSE 100 Index, by taking SSE 380 Index as the sample space, selects as the samples the top 100 shares with the best performances in both the growth rate of business income and the rate of return on net assets. As the SSE core investment index of promising companies with blue chip shares, SSE 150 Index, by taking the eligible shares on the Shanghai stock market with the constituents in SSE 180 and 380 Indices excluded as the sample space, selects as the samples the top 150 shares with the best performances in the growth rate of business income and the turnover rate.

The latest data shows that the aggregate market capitalization of most SSE 100 Index constituents is between RMB1.5 billion and RMB10 billion and that of most SSE 150 Index constituents is below RMB5 billion. SSE 100 and 150 Indices, with large industrial distribution, respectively cover 19 and 20 out of all 25 second-tier industries according to CSI's industry classification standard. In light of the industrial weights, the top three industries in SSE 100 Index are capital goods, raw material and pharmacy, biotechnology and life science, with the weights of 24.50%, 21.44% and 11.80%, respectively; the top three industries in SSE 150 Index are raw material, food, beverages and tobacco as well as capital goods, with the weights of 13.51%, 12.36% and 11.83%, respectively. The first three quarters of 2011 saw an average growth rate of about 34% in the business income of SSE 100 Index constituents. The daily turnover rate of SSE 150 Index constituents exceeded 3%, speaking a lot to the active trading.