The Shenzhen Stock Exchange and Shenzhen Securities Information have announced the launch of the SZSE Select Index.
The SZSE Select Index aims to reflect the leading companies listed in Shenzhen. It takes December 31, 2004 as the base date and 1000 points as the base value.
The stocks in the index comprise of 307 companies that account for 57% of the exchange’s total market capitalisation. The Main Board accounts for 130 of them, and the remaining 177 are listed on the SME Board.
The stocks cover 56 China Securities Regulatory Commission sector categories. The most heavily-weighted sectors are computer telecommunication equipment manufacturing industry, pharmaceutical industry, electric machinery and equipment manufacturing industry.