The difference between the Shanghai Composite Index and the Shenzhen Component Index

The Shanghai Composite Index is a weighted composite stock price index compiled by the Shanghai ** Stock Exchange, with all the ** listed on the Shanghai ** Stock Exchange as the calculation range and the issuance volume as the weight. The index was based on December 19, 1990, with a base day index of 100 points, and was released on July 15, 1991. The index reflects the stock price movements of all A-shares and all B-shares listed on the Shanghai ** Stock Exchange.

The calculation method is broadly the same as that of the Shenzhen Composite Index, except in the treatment of new listings. The calculation of the Shanghai Composite Index will not be included in the calculation until one month later when there are new shares listed. There are 40 constituent stocks of China's Shenzhen Component Index, with a weighted composite stock price index of 1,000 points with the issuance as the weight, and the base period is 1994, which is basically the same as the rules for compiling stock indexes in major overseas countries.

What is the difference between the Shanghai Composite Index, the Shenzhen Component Index, and the ChiNext Index?

The Shanghai Composite Index is the "Shanghai Composite Index" - (Shanghai ** Composite Index), which is Shanghai(Securities) Composite IndexUsually abbreviated:

Shanghai Composite Index". The Shanghai Composite Index is compiled by the Shanghai Stock Exchange, with the Shanghai Stock Exchange as the calculation range and the issuance volume as the weight, reflecting the overall trend of the Shanghai Shanghai Composite Market.

The "SZSE Component Index" is a constituent stock index compiled by the Shenzhen Stock Exchange, which is a weighted stock index calculated by extracting 40 market-representative listed companies from all the listed companies and using the tradable shares as the weight, which comprehensively reflects the stock price trend of A and B shares listed on the Shenzhen Stock Exchange.

The meaning of the index is that it is a reference number compiled by the exchange or financial service institution to show the changes in the market.

By observing the index, we can have an intuitive understanding of the current rise and fall of the ** ticket market.

**The principle of the arrangement of the index is still relatively complicated, so I will not repeat it here, click the link below to teach you to quickly understand the index: the basic knowledge of the novice Xiaobai.

2. What is the use of the ** index?

After the introduction of the previous article, you can know that the representative ** in the market is selected by the index, so if we can quickly obtain the information of the overall rise and fall of the market through the index, so that we can better understand the heat of the market, and even what the future trend is. Specifically, you can click the link below to get professional reports and learn the ideas of analysis: the latest industry research reports are free to share.

Exchange indices occupy an important position in the financial market, both for the macro economy and micro individuals, and the recent news of the expansion of the MCSI index is also of concern to everyone, indicating that more and more indices are available for investors' reference, so what are the differences between the Shanghai Composite Index and the Shenzhen Component Index, which are also indices?

The difference between the Shanghai Composite Index and the Shenzhen Component Index

1. The meaning is different.

The Shanghai Composite Index is a composite index, which is a weighted composite stock price index with the issuance volume as the weight of all ** listed on the Shanghai Stock Exchange.

The SZSE Component Index is a stock price index compiled by the Shenzhen Stock Exchange by selecting 500 representative listed companies as sample stocks according to certain criteria, and using the number of free float shares of the sample stocks as the weight.

2. The scope of inclusion is different.

The Shanghai Stock Exchange is a composite index with a variable sample size, including all listed on the Shanghai Stock Exchange**, i.e. including A-shares and B-shares.

The SZSE Component Index is composed of a certain number of SZSE-listed A-shares based on three major indicators: total market capitalization, free float market capitalization (actual tradable market capitalization) and trading volume.

3. The calculation method is different.

The Shanghai Composite Index is calculated using the weighted calculation method of total market capitalization, i.e., Shenzhen Composite Index = total market capitalization of sample stocks in the reporting period & pide;divisor 100;

The SZSE Component Index is calculated using the weighted calculation method of actual tradable market capitalization, i.e., SZSE Component Index = trading market value of sample stocks in the reporting period & pide;divisor 100;

4. The role is different.

Although both the Shenzhen Component Index and the Shanghai Composite Index are fully representative, the Shanghai Composite Index reflects the overall changes in listing, and the coverage rate of the Shenzhen Component Index is smaller, which is more representative of companies with better performance.

Shanghai Composite Index: Abbreviation of Shanghai ** Composite Index"Socks guess the Shanghai Composite Index"or"Shanghai Composite Index"The sample shares are all listed, including A shares and B shares, reflecting the changes in the listing of the Shanghai **loss stock exchange, and has been officially released since July 15, 1991.

This kind of index is the average of the changes in the market. The compilation of ** index, usually based on a certain month of a certain year, with the **** of this base period as 100, with the **** of the following periods and the base period ** compared, to calculate the percentage of rise and division, is the ** index of the period. According to the rise and fall of the index, investors can judge the trend of ****.

And in order to reflect the trend of ** to investors in real time, almost all ** are announced at the same time as the stock price changes.

SZSE Component Index: SZSE Component Index (SZSE Component Index) is the main stock index of the Shenzhen Stock Exchange. It is a stock price index compiled by selecting 500 representative listed companies as sample stocks according to certain criteria, using the number of free float shares of sample stocks as the weight, and using the Patricks weighting method.

July 20, 1994 is the base period of the short period, and the basis point is 1000 points.

Since May 20, 2015, in order to better reflect the structural characteristics of the Shenzhen market and meet the needs of further market development, the Shenzhen Stock Exchange has expanded and transformed the SZSE Component Index, and the number of sample stocks of the SZSE Component Index has been expanded from 40 to 500 to fully reflect the operational characteristics of the Shenzhen market. As of June 1, 2015, the Shenzhen Component Index soared.