Markets

ChiNext Index up -- July 7

(Xinhua)
Updated: 2010-07-07 16:27

BEIJING - The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, climbed 1.66 percent to close at 908.55 points in Wednesday's trading.

Related readings:  Chinese shares rise slightly Wednesday  ChiNext Index down -- July 5  ChiNext Index down-- July 2  ChiNext Index down -- July 1

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.