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.[2]
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| Foundation |
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| Operator |
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| Exchanges | Shanghai Stock Exchange |
| Trading symbol | SSE: 000001 |
| Constituents | all stock (A & B shares) |
| Type | all cap |
| Market cap | |
| Related indices | |
| Website | www |
| SSE Composite Index | |||||||||||||
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| Simplified Chinese | 上海证券交易所综合股价指数 | ||||||||||||
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| Alternative Chinese name | |||||||||||||
| Simplified Chinese | 上证综合指数 | ||||||||||||
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| Second alternative Chinese name | |||||||||||||
| Simplified Chinese | 上证综指 | ||||||||||||
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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
editSSE 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.[2] The Base Value is 100. The index was launched on July 15, 1991.[2]
- The formula is:
Current index = Current total market cap of constituents × Base Value / Base Period
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
editThe following table shows the annual development of the SSE Composite Index since 1990.[3][4]
| Year | Closing level | Change in Index in Points |
Change in Index in % |
|---|---|---|---|
| 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 | −22.30 |
| 1995 | 555.28 | −92.59 | −14.29 |
| 1996 | 917.02 | 361.74 | 65.15 |
| 1997 | 1,194.10 | 277.08 | 30.22 |
| 1998 | 1,146.70 | −43.39 | −3.97 |
| 1999 | 1,366.58 | 219.88 | 19.18 |
| 2000 | 2,073.48 | 706.90 | 51.73 |
| 2001 | 1,645.97 | −427.51 | −20.62 |
| 2002 | 1,357.65 | −288.32 | −17.52 |
| 2003 | 1,497.04 | 139.39 | 10.27 |
| 2004 | 1,266.50 | −230.55 | −15.40 |
| 2005 | 1,161.05 | −105.44 | −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 | −65.39 |
| 2009 | 3,277.14 | 1,456.33 | 79.98 |
| 2010 | 2,808.08 | −469.06 | −14.31 |
| 2011 | 2,199.42 | −608.66 | −21.68 |
| 2012 | 2,269.13 | 69.71 | 3.17 |
| 2013 | 2,115.98 | −153.15 | −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 | −12.31 |
| 2017 | 3,307.17 | 203.53 | 6.56 |
| 2018 | 2,493.90 | −813.27 | −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 | −15.03 |
| 2023 | 2,974.93 | −114.33 | −3.70 |
See also
editReferences
edit- ^ a b "SSE Composite Fact Sheet September 2017" (PDF) (Press release). China Securities Index. September 2017. Archived (PDF) from the original on 31 October 2017. Retrieved 31 October 2017.
- ^ a b c "Methodology of SSE Composite Index" (PDF). China Securities Index. Retrieved 31 October 2017.
- ^ "Historical data: Shanghai Composite Index - China (SHC)".
- ^ "Shanghai Composite Index (China) Yearly Stock Returns". www.1stock1.com. Retrieved 2020-01-20.