HK50/HKHI
General Explanation
HK50/HKHI is an index of the 50 largest companies listed on the Hong Kong Stock Exchange (HKEX). It is a market capitalization-weighted index, meaning that the larger companies have a greater influence on the index. The index is calculated by taking the sum of the market capitalization of the 50 largest companies listed on the HKEX and dividing it by a base value. The base value is set at 10,000 points and the index is calculated on a daily basis. The index is used as a benchmark for the performance of the Hong Kong stock market and is often used by investors to gauge the overall performance of the market.
History
The HK50/HKHI was first introduced in 1969 and was initially known as the Hang Seng Index. The index was created by the Hang Seng Bank in order to provide investors with a benchmark for the performance of the Hong Kong stock market. The index was initially composed of 33 companies, but this was later expanded to 50 companies in 1986. The index has since become one of the most widely used benchmarks for the performance of the Hong Kong stock market.
Comparison Table
| Index | Number of Companies | Base Value |
|---|---|---|
| HK50/HKHI | 50 | 10,000 |
Summary
The HK50/HKHI is an index of the 50 largest companies listed on the Hong Kong Stock Exchange (HKEX). It is a market capitalization-weighted index, meaning that the larger companies have a greater influence on the index. The index is used as a benchmark for the performance of the Hong Kong stock market and is often used by investors to gauge the overall performance of the market. For more information about the HK50/HKHI, investors can visit the websites of the Hong Kong Stock Exchange, Hang Seng Bank, and other financial websites.
See Also
- Hang Seng Index
- Hang Seng Bank
- Hong Kong Stock Exchange
- Hang Seng China Enterprises Index
- Hang Seng Composite Index
- Hang Seng China AH Index
- Hang Seng China H-Financials Index
- Hang Seng China H-Shares Index
- Hang Seng China-Affiliated Corporations Index
- Hang Seng China-Affiliated Corporations (Red Chip) Index
