Latest Shanghai Composite Index Market News

China

Shanghai Composite Index Gains 0.7 Percent on Positive Growth Data and Sentiment

The Shanghai Composite Index gained 21.84 points today on very light volume of 122.37 million shares to close at 3,123.14, for a gain today...
shanghai

Shanghai Composite Index Up 4 Points – Outlook Good for Chinese Consumer

The Shanghai Composite Index rose 4.24 points in today’s trading for a gain of 0.14 percent and a final closing level of 3,113.01, marking...
china

Shanghai Composite Index Stages Panic Selloff on New IPO Announcements – Recovers On Likely...

The Shanghai Composite Index had a wild afternoon today, with a sudden, sharp 2.2 percent selloff on heavy volume – bouncing off of 4-month...
china

Shanghai Composite Index Slips Again on Weak Export Data

Stocks on the Shanghai Exchange slipped 6.52 points, or 0.21 percent to close out the week on Friday on volume of 156 million shares....

Shanghai Composite Index, or sometimes referred to as SSE Composite or SSEC (SSE stands for Shanghai Stock Exchange), is the total of all A shares and B shares that are traded on the Shanghai Stock Exchange. The SSEC uses a Paasche weighted formula to calculate price, which means the market capitalization is multiplied by the quotient of the base value over the base period.

The Shanghai stock exchange is one of China’s leading markets, with other significant trading at the Shenzhen stock exchange and Hong Kong’s Hang Seng. By market capitalization, the Shanghai exchange is 5th largest in the world. Along with the Shenzhen stock exchange, the Shanghai stock exchange are the two exchanged that are independently operating on mainland China. The constituents of the Shanghai stock exchange are diverse, from finance to energy companies. Some notable companies that make up the Shanghai composite include the Bank of China, PetroChina, and Tianjin Port.

The Shanghai Composite index calculates the total value of A shares and B shares, available on the stock exchange. A shares are denominated in yuan and are limited to purchase only by Chinese traders. In contrast, B shares are denominated in foreign currencies (Hong Kong Dollar for the Shenzhen and US Dollar for the Shanghai).

1,695FansLike
9,753FollowersFollow
983FollowersFollow

More News