皇冠体育app

By Li Zengxin (chinadaily.com.cn)
Updated: 2007-11-19 11:52

Petro皇冠体育app Co Ltd, 皇冠体育app's largest oil refiner, was today added to the Shanghai Stock Exchange series indices and the 皇冠体育app Securities Index series indices, including the CSI300 index.

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As of last Friday's close, Petro皇冠体育app shares had shrunken almost 25 percent to 38.32 yuan from an opening price of 48.6 yuan on November 5, when Asia's most profitable company was listed in the Shanghai bourse.

Last Friday, Petro皇冠体育app shares had a total market value of 6.14 trillion yuan, accounting for 23.2 percent of the total market value of all shares listed in Shanghai. Petro皇冠体育app has left the Industrial and Commercial Bank of 皇冠体育app (ICBC) far behind. Previously the heaviest weight in Shanghai, ICBC shares on Friday accounted for only 7.93 percent of the total market value of the Shanghai exchange.

Calculated on the closing price of the Shanghai Composite Index on November 16, or 5,316 points, Petro皇冠体育app took up 1,097 points. In other words, if Petro皇冠体育app's share price changes by 1 percent, the benchmark Shanghai index will move 10.97 points.

Calculated on the closing price of the CSI300 index on Friday of 5,007 points, Petro皇冠体育app weighted 111 points. That means if Petro皇冠体育app share price changes by 1 percent, the CSI300 index will move 1.11 points.

Based on Petro皇冠体育app's closing price of 38.82 yuan last Friday, a price change of 0.01 yuan would cause the Shanghai Composite Index to lose 0.31 points. Supposing Petro皇冠体育app had been included in the index on Friday, its gain of 0.91 yuan that day would have led the index to go up 28.21 points.