A stock index is a number compiled by an exchange that can reflect stock market conditions.
What are the stock indices?
The Shanghai Stock Exchange Index developed by the Shanghai Stock Exchange
1. Shanghai Stock Exchange Index
The most famous one in China should be the Shanghai Composite Index. We often hear that [the stock market has risen to 4,000 points] and the broader market has fallen below 3,000 points, which usually refers to the Shanghai Composite Index. He represents the entire stock price listed on the Shanghai Stock Exchange.
2. SSE 50 Index
It is composed of the top 50 stocks with the largest scale and the best liquidity among the A shares of the Shanghai Stock Exchange, reflecting the collection of leading companies on the Shanghai Stock Exchange, of which the financial and real estate industries account for a very high proportion.
3. Science and Technology 50 Index
The Science and Technology Innovation Board is an independent sector newly established by the Shanghai Stock Exchange. It consists of the top 50 stocks with the largest market capitalization and the most liquid stocks on the Science and Technology Innovation Board.
One of the oldest dividend index. The SSE Dividend Index selects 50 stocks listed on the SSE with high cash dividend yield, relatively stable dividend distribution, certain scale and liquidity as samples to reflect the overall situation and trend of high dividend stocks in the SSE market.
Shenzhen series indices developed by Shenzhen Stock Exchange (Shenzhen Stock Exchange)
1. Shenzhen Composite Index
All the stock prices listed on the Shenzhen Stock Exchange, but when the Shenzhen Stock Exchange was established, it was positioned to issue small and medium-sized stocks. Compared with the large market, there are more junk stocks here, and the data does not reflect the overall situation of the securities market well.
2. Shenzhen Component Index
Select the top 500 stocks in Shenzhen Stock Exchange in terms of average circulating market capitalization and average transaction value in the past 6 months as a sample. Now the mainstream still uses the Shenzhen Component Index to represent the overall situation of the Shenzhen Stock Exchange.
3. GEM Index
GEM refers to the top 100 stocks on the GEM that are actively traded, vigorous, and most valuable. Like the CSI 300 and the CSI 500, it is also a broad-based index that spans different industries, and the list is adjusted every six months.
4. Small and medium-sized board index
After considering factors such as corporate governance structure, operating conditions, development potential, and industry representation, the constituent stocks of the SME Board 100 Index are selected according to the buffer technology.
CSI series indices developed by CSI Index Co., Ltd.
China Securities Index Co., Ltd. is a company founded by Shanghai and Shenzhen stock exchanges in 2005, focusing on index development. Many popular indexes on the market are developed by China Securities.
1. CSI 300 Index
Pick the 300 largest and most liquid stocks from the Shanghai and Shenzhen Stock Exchanges. Its constituent stocks are more than 50 on the Shanghai Stock Exchange, and they are all dominated by large companies. The companies included in the CSI 300 Index account for more than 60% of the total size of the domestic stock market in terms of market value, which is relatively representative. Therefore, the CSI 300 is also considered to be the most representative index of the domestic stock market. In the CSI 300 index, the smallest companies are also over 10 billion.
2. CSI 100 Index
It consists of 100 stocks with large market capitalization and good liquidity in the Shenzhen securities market, and the constituent stocks are all innovative and growing leading companies. It also includes stocks on the main board, SME board and ChiNext board of the Shenzhen Stock Exchange.
3. CSI 500 Index
Exclude all 300 companies in the CSI 300 Index, and then exclude the top 300 companies in the most recent year in terms of daily average total market capitalization. Among the above stock indexes, the Shanghai Composite Index and the Shenzhen Component Index are called large-cap indexes. These two indexes can scientifically reflect the market conditions of the entire stock market. If these two indexes are rising, it means that most stocks are rising. On the contrary, it falls.
