Hang Seng Composite Index Series

Last updated
Hang Seng Composite Index Series
Foundation2001;23 years ago (2001)
Operator Hong Kong Stock Exchange
Exchanges Hong Kong Stock Exchange
Trading symbolHSCI
Constituents480
Type Large cap, Mid cap and Small cap
Weighting methodFree float adjusted
Website www.hsi.com.hk/eng/indexes/all-indexes/hsci

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”).

Contents

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

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

There are 11 sub-indexes per industry sector:

Market capitalisation index series

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.

See also

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References

  1. 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
  2. "Hang Seng Indexes". 2019-07-03. Archived from the original on 2019-07-03. Retrieved 2023-05-24.