When the Hang Seng Index was first published, its base of 100 points was set equivalent to the stocks' total value as of the market close on July 31, 1964. The Hang Seng passed the 10,000 point milestone for the first time in its history on December 10, 1993 and, 13 years later, passed the 20,000 point milestone on December 28, 2006. Its all-time high, set on October 30, 2007, was 31,958. Fundamental company data and analyst estimates provided by FactSet. This section needs additional citations for. To ensure the impartiality of its operation, Hang Seng Indexes Company Limited established an Independent Advisory Committee to give advice on issues pertaining to the indexes, including constituent changes and the development of new indexes.
Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. International stock quotes are delayed as per exchange requirements. From October 30, 2007 through March 9, 2008, the index lost 9,426 points or approximately 30%. Unsourced material may be challenged and removed. On September 5, it fell past the 20,000 mark the first time in almost a year to a low of 19,708. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. Quotes or data transmission may be delayed due to data providers or internet traffic.
It is responsible for compiling, publishing and managing the Hang Seng Index and a range of other stock indexes, such as , , , , , Hang Seng Corporate Sustainability Index Series and Hang Seng Total Return Index Series. Copyright C 2018 GlobeNewswire, Inc. Under the program, investors in each market are able to trade shares on the other market using their local brokers and clearing houses. Its all-time low is 58. China Gold International Resources cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what China Gold International Resources currently foresees. One way to make a killing in the market is by identifying under appreciated stocks, purchasing them at less than their intrinsic value, and selling them for profit. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong.
On September 5, it fell past the 20,000 mark the first time in almost a year to a low of 19,708. Then, the markets continuously fell on 27 and 28 June 2016 before recovered slightly on 29 June 2016. Prior to the execution of a security trade based upon the Information, you are advised to consult independent professional advice to verify pricing information or to obtain more detailed market information. May 11, 2007 — As announced by the Hong Kong Hang Seng Index Services Company this afternoon, Ping An Insurance Group Company of China, Ltd. Visitors should be responsible for verifying the overall authenticity of the contents in the comments section at their own discretion.
It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong. Ping An has continuously delivered excellent performance and achieved historical breakthroughs in its 2006 annual results. Hang Seng in turn, despite being a public company, is held in majority by another listed international financial institution. The Company now qualifies to have its shares listed on the Shenzhen-Hong Kong Stock Connect, such listing being subject to the Company passing the qualification examination in early March 2018. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Profit or assets will also be taken into consideration where these better reflects the company's business.
The influence of each stock on the index's performance is directly proportional to its relative market value. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. In less than 10 months, it passed the 30,000 point milestone on October 18, 2007. Even negative opinions can be framed positively and diplomatically. It caters for the unique characteristics of the Hong Kong stock market and maintains the international compatibility with a mapping to international industry classification General classification guidelines: i The sales revenue arising from each business area of a company is the primary parameter of stock classification.
Residents of other countries wishing to effect transactions in relation to any Structured Products should contact their traditional brokers. It's called value investing, and it's how Ben Graham, David Dodd, and Warren Buffett made their fortunes. Now, the secrets of value investing are available to you in this easy-to-understand guide. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. From the many eligible candidates, final selections are based on market value, turnover and financial performance.
Please consult the sales restrictions relating to the service in question for further information. The foregoing was reported by the Hang Seng Indexes Company Limited on February 6, 2018 following its review of the Hang Seng Family of Indexes for the quarter ended December 29, 2017. It reflects the stock performance in different sectors. Ping An became a constituent of the Hang Seng China Enterprises Index on September 2004 and joined the Hang Seng China H-Financials Index on November 2006. Include punctuation and upper and lower cases. On October 8, 2008, the index closed at 15,431.