Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. announced to make regular adjustment to the constituents of the SZSE Component Index, the SZSE SME Index, the SZSE ChiNext Index and other SZSE core indices. Meanwhile, Shenzhen Securities Information Co., Ltd. also announced to adjust the constituents of the CNINFO 100 Index and other cross-market indices. The adjustment will come into effect as of the first trading day in July 2012. In the adjustment, 1 stock under the SZSE Component Index will be replaced: Jidong Cement will be added to the index, while Opencut Coal Industry will be deleted; 9 stocks under the SZSE SME Index will be replaced: Alpha Animation, Shaanxi Provincial Natural Gas and other 7 stockswill be added to the index, while Hanwang, Aoyang Technology and other 7 stocks will be deleted; 3 stocks under the SZSE ChiNext Index will be replaced: Staidson, Sunway Communication and Baoli Asphalt will be added to the index, while Easpring Technology, D.A. Diagnostics and East New Energy will be deleted; 7 stocks under the SZSE 100 Index will be replaced: Gujing Distillery, Denghai Seeds and other 5 stocks will be added to the index, while XJ Electric, Telling Telecommunication and other 5 stocks will be deleted; and 6 stocks under the CNINFO 100 Index will be replaced: China Everbright Bank, Dong-E E-jiao and other 4 stocks will be added to the index, while Heilongjiang Agriculture, Goldwind Science and Technology and other 4 stocks will be deleted. The circulation market value coverage, profitability and industrial structure of core indices will be enhanced after the adjustment. The effect of indices as market representation will be strengthened. In terms of circulation market value, the circulation market value rate of the SZSE 100 Index increases by 0.98% compared with the coverage rate before adjustment; the circulation market value of the SZSE SME Index accounts for 48.86% of the SME board market, increasing by 1.28%; and the circulation market value of the SZSE ChiNext Index accounts for 56.08% of the ChiNext board market, increasing by 0.52%. According to statistics revealed in the 2011 Annual Financial Reports, the net profit generated from sample stocks of the SZSE 100 Index accounts for 49.18% of all stocks listed on the Shenzhen Stock Exchange, increasing by 0.52% compared with that before adjustment; the net profit generated from sample stocks of the SZSE ChiNext Index accounts for 47.61% of all stocks listed on the ChiNext board, increasing by0.59%; and the net profit generated from sample stocks of the CNINFO 100 Index accounts for 69.91% of all stocks listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange, increasing by 1.35%. After the adjustment, the number and circulation market value of SME board-listed companies account for 24% and 19.32% respectively in the SZSE 100 Index, increasing by 5% and 3% compared with those before adjustment; companies in strategic emerging industries account for 53% and 73% in the SZSE SME Index and the SZSE ChiNext Index respectively, increasing by 3% and 1%; and constituents of the SZSE SME Index and the SZSE ChiNext Index cover 69% and 76% CNINFO leval-3 industries in respective markets, increasing by 6% and 3%. In terms of valuation, according to the calculation based on the closing price on June 13 2012, the TTM P/E ratios of the SZSE Component Index and the SZSE 100 Index are 17.50 and 19.20 respectively, 27% and 20% lower than the average level in Shenzhen’s A-share market; the TTM P/E ratio of the SZSE SME Index is 25.92, 8% lower than the average level in the SME board market; and the TTM P/E ratio of the CNINFO 100 Index is 10.25, 28% lower than the average level in Shanghai and Shenzhen’s A-share market. |
FTSE Mondo Visione Exchanges Index:
Constituent Changes In Shenzhen Stock Exchange And CNINFO Series Indices
Date 15/06/2012