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Shenzhen Securities Information Co., Ltd. recently announced that Shenzhen Stock Exchange entrusted it to compile and release the SZSE TMT50 index as of Nov. 8, 2010. The index tracks the overall performance of listed companies in terms of technology, media and telecom.
The SZSE TMT50 currently released includes the return index with the abbreviation“TMT50R” and the code“399609”, and the price index with the abbreviation“TMT50P” and the code“399610”. The base date is Dec. 31, 2004 with the basis point of 1000. The price index is not subject to the ex-right adjustment for dividend. The index is the first one to select samples only in TMT industries, choosing stocks in top 50 list as initial samples.
The TMT50 index will provide the gauge to measure the performance of stock prices of related companies, and lay down the foundation for building up the index products which share the TMT industry growth.
It is reported that the index was developed by Shenzhen Securities Information Co., Ltd. on the demand of China Merchants Fund Management Co., Ltd. which is now actively striving to develop products tracking TMT50 index.
