hkm

The Hong Kong Market Stock Index (HKMSI), the leading barometer of Hong Kong blue chip stock prices, is one of the best known indices in Asia and is widely used by fund managers as their performance benchmark.

HKMSI, is a market capitalization weighted index ( shares outstanding multiplied by stock price) and consists of 33 constituent stocks. The influence of each stock on index's performance is directly proportional to its relative market value. Constituent stocks with higher market capitalization will have greater impact on the index's performance than those with lower market capitalization.

   The Hong Kong Market Index was first published in 1969. It is calculated using the weighted market capitalization method. The following is the basic formula used to calculate the index.

                     Current total market value of constituent stock        X 100
               Total Market Value of Constituent Stocks at Base Date

The impact on the Index of a price change in any given stock will depend on the size of the company's capitalization. Market value is determined by the price of the stock multiplied by the number of shares outstanding. higher capitalized share components will have a greater impact on the level of the index than with lower capitalized share components.

Amoy Properties Ltd.
Cheung Kong (Holding) Ltd
China Resources Enterprice Ltd
Hang Lung Development Co. Ltd
Henderson Investment Ltd.
Henderson Land Development Co. Ltd
Hysan Development co. Ltd.
New World Development Co. Ltd
Sino Land Co Ltd.
Sung Hung Kai Properties Ltd.

Cathay Pacific Airways Ltd.
Cheung Kong Infrastucture Holdings.
China Mobile (Hong Kong) Ltd
CITIC Pasific Ltd.
Hutchison Whampoa Ltd.
Johnson Electric Holding Ltd.
Legend Holdings Ltd.
Li & Fung Ltd.
Pacific Century Cyber Works Ltd.
Shanghai Industrial Holdings Ltd.
Smartone Telecommunications
Swire Pacific Ltd.
Television Broadcasts Ltd.
Wharl (holdings) Ltd.
The Wheclock and co. Ltd.