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The Hang Seng Composite Index is a stock market index of the Stock Exchange of Hong Kong and was launched in 2001. It offers an equivalent of Hong Kong market benchmark that covers around the top 95th percentile of the total market capitalisation of companies listed on the Main Board of the Stock Exchange of Hong Kong (“SEHK”).
| Foundation | 2001 |
|---|---|
| Operator | Hong Kong Stock Exchange |
| Exchanges | Hong Kong Stock Exchange |
| Trading symbol | HSCI |
| Constituents | 480 |
| Type | Large cap, Mid cap and Small cap |
| Weighting method | Free float adjusted |
| Website | www |
Its index calculation adopts the freefloat-adjusted market capitalisation methodology, and can be used as a basis for index funds, mutual funds as well as performance benchmarks. Its arguable that the composite index is a better reflection on the overall market performance than the more popular Hang Seng Index, which only cover 50 stocks as opposed to over 480 stocks in the composite index.[1][2]
Sub-index edit
The Hang Seng Composite Index can be further dividend into 2 group of indexes : 1 on industry sector and 1 on market capitalisation.
Industry sector index series edit
There are 11 sub-indexes per industry sector:
- Energy
- Materials
- Industrial Goods
- Consumer Goods
- Consumer Services
- Telecommunications
- Utilities
- Financials
- Properties & Construction
- Information Technology
- Conglomerates
Market capitalisation index series edit
There are 3 indexes on market capitalisation :LargeCap, MidCap and SmallCap Indexes, which cover the top 80%, the next 15% and the remaining 5% respectively of the total market capitalisation of the Hang Seng Composite Index.
- Hang Seng Hong Kong LargeCap Index
- Hang Seng Hong Kong MidCap Index
- Hang Seng Hong Kong SmallCap Index
See also edit
References edit
- ^ Just how accurate a picture of the Hong Kong stock market does the Hang Seng Index really give us?, SCMP 2017-02-15, Retrieved 2018-05-30
- ^ "Hang Seng Indexes". 2019-07-03. Archived from the original on 2019-07-03. Retrieved 2023-05-24.
External links edit
- "Hang Seng Composite Index Series Factsheet" (PDF). Hang Seng Indexes. April 2018. Retrieved 30 May 2018.
- Official website of Hang Seng Composite Index
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