Shares of Aeolus Tyre Co., Ltd. (SHA:600469) last traded at 3.7, representing a move of -0.8%, or -0.03 per share, on volume of 1.28 million shares. After opening the trading day at 3.7, shares of Aeolus Tyre Co., Ltd. traded in a close range. Aeolus Tyre Co., Ltd. currently has a total float of 562.43M shares and on average sees 2.33 million shares exchange hands each day. The stock now has a 52-week low of 3.03 and high of 6.
SSE Composite Index: Driving Chinese Economy
SSE Composite Index is the index of all stocks traded on the Shanghai Stock Exchange (SSE).
SSE is one of China’s two largest stock exchanges. The other is Shenzhen Stock Exchange. SSE is the second-largest stock exchange in Asia and fifth-largest in the world by market capitalization. Aeolus Tyre Co., Ltd. is one of companies included in SSE lists. The exchange is run as a nonprofit organization overseen by China Securities Regulatory Commission (CSRC).
The platform is used for trading equities, bonds and funds. Stocks on SSE are grouped into two categories as A Shares and B shares. The major distinction between the two types of shares today is that B shares are priced in U.S. dollar (USD) while A Shares are priced in Yuan (RMB). However, before 2002 A Shares were only available for trading by Chinese citizens, but today the shares are accessible by foreign investors as well and the move to remove the restriction in trading of A Shares partly explains why SEE has become a thriving stock exchange in Asia and beyond. Public availability of company information is one of the reasons why Aeolus Tyre Co., Ltd. is still on demand at the market.
Trading hours and days
Stocks are available for trading on SSE from Monday to Friday unless the markets are closed for holidays such as the Chinese New Year. Trading on SSE starts at 9.15 a.m. for competitive pricing session that runs until 9.25 a.m. After that regular trading begins at 9.30 a.m. and continues to 11.30 a.m. for morning session. Afternoon session resumes at 13.00 p.m. and runs until 15.00 p.m.
SSE resumed operations in December 1990 after more than four decades of a pause. However, trading in shares in Shanghai goes back to 1860s.
Tracking performance of Chinese stocks
With the lifting of the ban on trading A Shares in Shanghai by foreigners, the SSE Composite Index has become an important indicator of the health of China’s stock market.
Though SSE Composite Index tracks all listed stocks on SSE, the index has smaller, sharp-pointed units, also called sub-indices. The smaller units are SSE 380, SSE 180 and SSE 50, which are constituted on the basis of market capitalization.
SSE 380 represents top 380 largest Chinese companies by market capitalization on the SSE, while SSE 180 is for the top 180 largest companies on the exchange. SSE 50 on the other hand represents top 50 largest Chinese listed companies on the SSE. A stock must be a component of SSE 380 sub-index to qualify to join SSE 180 sub-index. Likewise, a stock must be a component of SSE 180 to qualify for listing in SSE 50 sub-index.
The sub-indices are designed to bring clarity in monitoring stocks of different sizes on the SSE. It brings clarity into the Aeolus Tyre Co., Ltd. operations as well.
