SSE Composite Index

Post By - Laxmi Mahera
Review By : Rohan Sharma
Updated on : October 27, 2021

Brief About Indices(History)

The index was launched on July 15, 1991.The Shanghai Stock Exchange is a Chinese stock exchange or bourse based in the city of Shanghai. It is one of the three stock exchanges operating independently in the People’s Republic of China. The other two are the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. But the contrast to the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors due to tight capital account controls exercised by the Chinese mainland authorities.

Top Listed Companies

Kweichow Moutai (2,174 billion)
Industrial and Commercial Bank of China (1,339 billion)
Agricultural Bank of China (1,027 billion)
China Life (897 billion)
Ping An Insurance (829 billion)
China Merchants Bank (761 billion)
PetroChina (717 billion)
Bank of China (691 billion)
Haitian Flavouring & Food (593 billion)
Hengrui Medicine (499 billion)

Formula

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.
weighted composite price index formula.

Timing

The Shanghai Stock Exchange is open Monday through Friday from 9:30am to 11:30am and 1:00pm to 3:00pm China Standard Time (GMT+08:00).

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SSE Composite Index