SSE Composite Index
{{Short description|Stock market index}}
{{Infobox financial index
| name = SSE Composite Index
| logo =
| logo_upright =
| image = File:Shanghai Composite Index.webp
| image_size = 300px
| alt =
| caption =
| foundation = {{bullet list|{{start date and age|1991|7|15|df=yes}} (launch date)|{{dts|19 December 1990|format=dmy}} (base date)}}
| operator = {{bullet list|Shanghai Stock Exchange|China Securities Index}}
| exchanges = Shanghai Stock Exchange
| constituents = all stock (A & B shares)
| cap_level = all cap
| mcap = {{bullet list|{{CNY|link=yes|32.697 trillion}} (September 2017){{cite press release|url=http://www.csindex.com.cn/uploads/indices/detail/files/en/1_000001_Fact_Sheet_en.pdf|title=SSE Composite Fact Sheet September 2017|date=September 2017|access-date=31 October 2017|publisher=China Securities Index|archive-url=https://web.archive.org/web/20171031214014/http://www.csindex.com.cn/uploads/indices/detail/files/en/1_000001_Fact_Sheet_en.pdf|archive-date=31 October 2017|url-status=live}}|{{CNY|12.727 trillion}} (free-float adjusted, September 2017)}}
| weighting =
| related = {{ubl|SSE Mega-Cap|SSE 50|SSE MidCap|SSE 180|SSE 380}}
| homepage = {{url|http://www.csindex.com.cn/en/indices/index-detail/000001}}
|symbol={{SSE|000001}}}}
{{Chinese
| s = 上海证券交易所综合股价指数
| p = Shànghǎi Zhèngquàn Jiāoyìsuǒ zōnghé gǔjià zhǐshù
| w = Shang-hai Chen-ch'üan Chiao-i-so ku-chia chih-shu
| mi = {{IPAc-cmn|sh|ang|4|h|ai|3|-|zh|eng|4|quan|4|-|j|iao|1|yi|4|s|uo|3|-|g|u|3|j|ia|4|-|zhi|3|sh|u|4}}
| myr = Shànghǎi Jèngchywàn Jyāuyìswǒ gǔjyà jřshù
| s2 = 上证综合指数
| s3 = 上证综指
}}
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.
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. The Base Value is 100. The index was launched on July 15, 1991.{{cite web|url=http://www.csindex.com.cn/uploads/indices/detail/files/en/1_000001_Index_Methodology_en.pdf|title=Methodology of SSE Composite Index|access-date=31 October 2017|publisher=China Securities Index}}
- The formula is:
Current index = Current total market cap of constituents × Base Value / Base Period total market cap of constituents
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.{{Cite web|url=https://stooq.com/q/d/?s=^shc|title=Historical data: Shanghai Composite Index - China (SHC)}}{{Cite web|url=http://www.1stock1.com/1stock1_768.htm|title=Shanghai Composite Index (China) Yearly Stock Returns|website=www.1stock1.com|access-date=2020-01-20}}
| class="wikitable sortable" style="text-align:right;"
! Year ! Closing level ! Change in Index ! Change in Index | |||
| 1990 | 127.61 | ||
| 1991 | 292.75 | 165.14 | 129.41 |
| 1992 | 780.39 | 487.64 | 165.57 |
| 1993 | 833.80 | 53.41 | 6.84 |
| 1994 | 647.87 | −185.93 | style="color:red"| −22.30 |
| 1995 | 555.28 | −92.59 | style="color:red"| −14.29 |
| 1996 | 917.02 | 361.74 | 65.15 |
| 1997 | 1,194.10 | 277.08 | 30.22 |
| 1998 | 1,146.70 | −43.39 | style="color:red"| −3.97 |
| 1999 | 1,366.58 | 219.88 | 19.18 |
| 2000 | 2,073.48 | 706.90 | 51.73 |
| 2001 | 1,645.97 | −427.51 | style="color:red"| −20.62 |
| 2002 | 1,357.65 | −288.32 | style="color:red"| −17.52 |
| 2003 | 1,497.04 | 139.39 | 10.27 |
| 2004 | 1,266.50 | −230.55 | style="color:red"| −15.40 |
| 2005 | 1,161.05 | −105.44 | style="color:red"| −8.33 |
| 2006 | 2,675.47 | 1,514.42 | 130.43 |
| 2007 | 5,261.56 | 2,586.09 | 96.66 |
| 2008 | 1,820.81 | −3,440.75 | style="color:red"| −65.39 |
| 2009 | 3,277.14 | 1,456.33 | 79.98 |
| 2010 | 2,808.08 | −469.06 | style="color:red"| −14.31 |
| 2011 | 2,199.42 | −608.66 | style="color:red"| −21.68 |
| 2012 | 2,269.13 | 69.71 | 3.17 |
| 2013 | 2,115.98 | −153.15 | style="color:red"| −6.75 |
| 2014 | 3,234.68 | 1,118.70 | 52.87 |
| 2015
|3,539.18 |304.50 |9.41 | |||
| 2016
|3,103.64 |−435.54 | style="color:red"|−12.31 | ||
| 2017
|3,307.17 |203.53 |6.56 | |||
| 2018
|2,493.90 |−813.27 | style="color:red"|−24.59 | ||
| 2019
|3,050.12 |556.22 |22.30 | |||
| 2020
|3,473.07 |422.95 |13.87 | |||
| 2021
|3,639.78 |166.71 |4.80 | |||
| 2022
|3,089.26 |−550.52 | style="color:red"|−15.03 | ||
| 2023
|2,974.93 |−114.33 | style="color:red"|−3.70 | ||
| 2024
|3,351.76 |376.83 |12.67 |
See also
References
{{Reflist}}
External links
- [https://www.bloomberg.com/apps/quote?ticker=SHCOMP:IND Bloomberg page for SHCOMP:IND]
- [http://finance.sina.com.cn/realstock/company/sh000001/nc.shtml Realtime chart at Sina.com]
- [https://finance.yahoo.com/q?s=^SSEC ^SSEC: Summary for SSE COMPOSITE - Yahoo! Finance]
- [https://www.reuters.com/finance/markets/index?symbol=.SSEC Reuters page for .SSEC]
{{Economy of China}}
{{Asian Stock market indexes}}
Category:Shanghai Stock Exchange
Category:Chinese stock market indices