Closing ahead of time and increasing trading hours are both aimed at increasing the guidance and influence of Xinhua FTSE A50 index on Shanghai and Shenzhen 300 indexes. When there is a major event in the market (China often releases major news after the market closes), if the domestic market in China is closed and the Singapore market is still trading, then funds will be attracted to the Singapore market.
Xinhua FTSE A50 refers to the segmented price limit, but if the market continues to rise, there is actually no price limit, so a looser price mechanism is conducive to market price discovery, especially when major events occur in the market.
Extended data:
The FTSE index is calculated by Paige's weighted comprehensive price index formula, with the adjusted share capital of sample shares as the weight. Adjust the amount of share capital. Adjust the share capital of constituent stocks by levels. If the group spacing is between 20% and 50%, please use the buffer of 10%. In the interval between 50% and 100%, a buffer of 25% is used. For example, if the circulation ratio of a stock is 60% and falls within the interval (50, 75), and the corresponding weighting ratio is 75%, 75% of the total share capital will be taken as the weight.
Xinhua FTSE China A-share index series will regularly review changes in public circulation. The stock liquidity of Xinhua FTSE China A-share index series is reviewed once a year. In the twelve months before the annual audit meeting of the FTSE Index Committee of Xinhua in July, unless the monthly liquidity of the constituent stock company fails to reach 1% of the investable shares for ten consecutive months, the stock will not be eligible.
Baidu Encyclopedia-Xinhua FTSE A50 Index
Baidu Encyclopedia-Xinhua FTSE Index