Markets

ChiNext Index down -- July 1

(Xinhua)
Updated: 2010-07-01 17:23

BEIJING, July 1 (Xinhua) -- The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, slumped 4.04 percent, to close at 882.19 points in Thursday's trading.

Related readings:  ChiNext Index down -- June 29  ChiNext Index down -- June 28  ChiNext Index down -- June 25  ChiNext Index up -- June 24

The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, makes up the three core indices reflecting the performance of China's stocks listed on the exchange.

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

A total of 88 companies list on the ChiNext Board so far, and a maximum of 100 stocks on the board are to be used to base the index on, according to a statement posted on the SSE's website.