Shanghai Exchange Issues New Index

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Last updated at: (Beijing Time) Tuesday, July 02, 2002

Shanghai Exchange Issues New Index

The Shanghai Exchange (SE) issued a new 180 index Monday, replacing the former SE 30 index used forsix years.

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The Shanghai Exchange (SE) issued a new 180 index Monday, replacing the former SE 30 index used forsix years.

SE 180 bases closed at 3,299.06 points on July 28 and opened Monday at 3,312.15. The index slipped to close at 3,260.33 points,echoing the curve of the SE comprehensive index.

Statistics show that transactions of the 180 sample stocks, which constitute the SE 180, amounted half the SE transactions on Monday.

Sources say that the SE 180 samples represent various industries and good-performing privately-owned enterprises.

Securities experts say that the newly-launched index will help stock-holders to rationalize their investment and objectively evaluate the market.

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