Jiangsu Hongtu High Technology Co., Ltd. (600122) Dips -1.05% on Oct 13

October 13, 2017 - By Ellis Scott

Shares of Jiangsu Hongtu High Technology Co., Ltd. (SHA:600122) last traded at 10.41, representing a move of -1.05%, or -0.11 per share, on volume of 10.04 million shares. After opening the trading day at 10.5, shares of Jiangsu Hongtu High Technology Co., Ltd. traded in a close range. Jiangsu Hongtu High Technology Co., Ltd. currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 9.89 and high of 13.49.

SSE: An Asian Economy Pride

Aside from being the world’s largest country in terms of population, China is also the largest economy in Asia, placing it next to the US worldwide. Behind this success is the nation’s leading stock exchange, the Shanghai Stock Exchange (SSE).

Chinese Equity Market

With over 1,000 companies listed on it and a market capitalization of $3.50 trillion as of February, the SSE is the second largest stock exchange in Asia and the fifth in the world. Jiangsu Hongtu High Technology Co., Ltd. and others prefer to work at this reliable market. As a non-profit organization, it is operated by the China Securities Regulatory Commission (CSRC).

While the SSE had already been established in 1866, it had to shut down in 1941 due to the Japanese occupation in Shanghai. On December 19, 1990, after decades of setback, the SSE finally had its major comeback with an official relaunch of operations.

All SSE stocks are tracked on the SSE Composite Index, which was launched officially on July 15, 1991. For a clearer and more accurate representation of the Chinese equity market, it features three main sub-indices: the SSE 380, the SSE 180, and the SSE 50. The SSE 380 is made up of the 380 most active stocks on the SSE; the SSE 180 is made up of the 180 most active stocks; and the SSE 50 is made up of the 50 most active stocks. In order for a stock to qualify in the SSE 50, it must first be included in both the SSE 380 and the SSE 180.

The SSE Composite Index is a market-capitalization-weighted index, which means that all of its components are weighted using the Paasche weighted composite price index formula. Its base date and base value is December 19, 1990 and 100, respectively.

In December 1990, the SSE Composite Index had hit its all-time low of 99.98 and in October 2007, its all-time high of 6,092.06. Being the part of SSE index gives new options for Jiangsu Hongtu High Technology Co., Ltd. stocks.

Trading in China

The pre-market session on the SSE lasts from 9:15 a.m. until 9:25 a.m. while the regular session lasts from 9:30 a.m. until 3:00 p.m. In between the regular session is a two-hour break that lasts from 11:31 a.m. until 1:29 p.m.

All SSE stocks are classified into two categories of shares: A shares and B shares. The former type of shares is traded in Yuan while the latter is traded in US dollar (USD). Only domestic traders were allowed to trade A shares in the past. International traders were only allowed to trade B shares. However, in 2002, international traders had finally been allowed to trade A shares and B shares alike like domestic traders. As a result, the Chinese economy had bloomed immensely and still continues a rapid economic growth today. Companies, like Jiangsu Hongtu High Technology Co., Ltd. also grow with the economy.

It is ideal to invest on SSE stocks today given the fast-paced growth of what is already the second biggest economy in the world. By doing so, investors can expect high returns from the Chinese equity market regardless of whether investments are short-term or long-term.

More notable recent Jiangsu Hongtu High Technology Co., Ltd. (SHA:600122) news were published by: Reuters.com which released: “Jiangsu Hongtu High Technology expects 9-month net profit to rise 55-75 pct y/y” on October 12, 2017, also Reuters.com with their article: “Jiangsu Hongtu High Technology issues 2017 third tranche super short-term financial notes worth 600 mln yuan” published on October 10, 2017, Reuters.com published: “Jiangsu Hongtu High Technology adopts new accounting policy” on August 23, 2017. More interesting news about Jiangsu Hongtu High Technology Co., Ltd. (SHA:600122) were released by: Reuters.com and their article: “Jiangsu Hongtu High Technology’s H1 net profit up 58.1 pct y/y” published on August 22, 2017 as well as Reuters.com‘s news article titled: “Jiangsu Hongtu High Technology issues 2017 1st series mid-term notes worth 600 mln yuan” with publication date: July 27, 2017.

Jiangsu Hongtu High Technology Co.,Ltd. is a China firm principally engaged in the manufacture of electronics and the development of properties. The company has market cap of $. The Firm operates through three divisions. It currently has negative earnings. Computer, Communication and Consumer Electronics Chain Retail Store segment operates self-owned chain stores under the label of Hongtusanbao.

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