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To improve the public service of important indices and increase market transparency, the Shanghai Stock Exchange (SSE), the Shenzhen Stock Exchange (SZSE) and China Securities Index Co., Ltd. (CSI) will jointly publish on the Shanghai Securities News everyday the market indicators of the SSE Composite Index, the SSE 180 Index, the SSE 50 Index, the SZSE Component Index, the SZSE 100 Index, the SZSE SME Composite Index, the SHSE-SZSE300 Index and other key indices as of today, so that investors could better grasp and evaluate the market investment value.
It is learned that the jointly-published market indicators consist of static price-earnings ratio, dynamic price-earnings ratio and price-to-book ratio. Price-earnings ratio is an important reference for investors to analyze the stock market and make investment decisions. The new dynamic price-earnings ratio, another important investment reference, is calculated with the financial data of the last four quarters. Different from the static price-earnings ratio using last year's annual report data, it takes into consideration the latest operation performance of listed companies and could reflect the current market evaluation in a more accurate and timely manner.
Please refer to the relevant columns of the Shanghai Securities News for the market indicators of all important indices. In addition, more detailed indicators will be published on the websites of the SSE, the SZSE and CSI to provide more references for the investors, covering the influence points of individual shares on the SHSE-SZSE300 Index as well as the 5 best and 5 worst sectors of the SSE and the SZSE.
According to statistics, the static and the dynamic price-earnings ratios of the SSE Composite Index are 15.24 and 14.14, respectively, if calculated according to the closing prices of yesterday. The counterparts of the SZSE Component Index are 13.64 and 12.62, respectively, while those of the SHSE-SZSE300 Index are 14.58 and 13.66, respectively. Compared with the data at the end of last year, the static price-earnings ratios of the SSE Composite Index, the SZSE Component Index and the SHSE-SZSE300 Index fell by 74%, 77% and 74%, respectively, while the dynamic price-earnings ratios of the three indices fell by 68%, 72% and 67%, respectively.
