Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. declared today to issue SZSE 100 equally weighted index, SZSE 300 equally weighted index, SME board equally weighted index and ChiNext board equally weighted index on October 28, 2011. In these indexes, weighted calculation will be launched on the sample stocks by applying equal weighting method based on the SZSE 100 index, SZSE 300 index, SME board index and ChiNext board index.
The equally weighted index will assign the same initial weights to the sample stocks. It is a strategic index with extensive applications, because equal weighting is able to optimize the weight distribution of industries and individual stocks and improve the long-term revenue performance of index.
As shown by data, by applying the equal weighting method, the weights for the emerging industries in Shenzhen indexes have been optimized to more precisely reflect the distribution characteristics of Shenzhen stock market. The history revenue performance also proved this.
The code for SZSE 100 equally weighted index is 399632, and the base date is December 31, 2002. The code for SZSE 300 equally weighted index is 399633, and the base date is December 31, 2004. The code for SME board equally weighted index is 399634, and the base date is December 29, 2006. The code for ChiNext board equally weighted index is 399635, and the base date is September 30, 2010. The base date index is 1000 points for each of the 4 equally weighted indexes.