Markets

ChiNext stock market up -- June 7

(Xinhua)
Updated: 2010-06-07 16:37

BEIJING - The ChiNext Index, launched by the Shenzhen Stock Exchange last Tuesday, was up 41.79 points, or 4.07 percent, to close at 1069.47 points in Monday's trading.

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

Related readings:  ChiNext Index up - June 4  ChiNext Index up - June 3  ChiNext Index up - June 2  ChiNext Index down - June 1

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).