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1st unified index of bourses to be released
(peopledaily)
Updated: 2005-04-05 14:28
Shanghai & Shenzhen 300 index jointly compiled by the Shanghai Stock Exchange and Shenzhen Stock Exchange will be officially released on April 8. The code of the Shanghai & Shenzhen 300 index, or Shanghai & Shenzhen 300, is 000300 in Shanghai stock market and 399300 in Shenzhen stock market. It uses December 31, 2004 as its base date starting at 1,000 points.
As learned the Shanghai & Shenzhen 300 index is a constituent index compiled by selecting 300 A-shares from the Shanghai and Shenzhen stock markets as samples. Its samples cover about 60 percent of the market value in the Shanghai and Shenzhen markets, which makes the index a good representative of the market.
The Shanghai & Shenzhen 300 index is the first one to be jointly released by the Shanghai and Shenzhen bourses to reflect the trend of the A-share market. It will enrich the existing index system in the market.
Increasing the number of indices used to observe the trend of market helps investors monitor the market in a comprehensive way. It also provides further conditions for the innovation and development of index investment products.
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