Markets

ChiNext Index down - June 1

(Xinhua)
Updated: 2010-06-01 17:28

BEIJING: The ChiNext Index, just launched by the Shenzhen Stock Exchange (SSE) Tuesday, was down 26.77 points, or 2.68 percent, to close at 973.23 points in Tuesday's trading.

The index has a base value of 1,000 points. It will become one of the three core indices, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, to reflect the performance of China's stocks listed on the exchange.

Related readings:  ChiNext Index officially launched Tuesday  ChiNext stock index down - May 31  ChiNext stock market up - May 28

The ChiNext Board, which started trading on Oct 30, 2009, is a Nasdaq-style growth enterprises board, and mainly lists high-tech companies and those with high growth potential.

A maximum of 100 stocks listed on the ChiNext Board are to be used to base the index on, according to a statement posted on the SSE's website.

Currently, the board has 86 companies listed on it with a total market capitalization of about 383.46 billion yuan ($56.14 billion).