London Stock Exchange
Develop Market
History
Created in 2003, EDX London combines the strength and liquidity of the London Stock Exchange with the equity derivatives technology of NASDAQ OMX. The London Stock Exchange is home to Europe’s largest and the world’s most international equity markets.
EDX London was created to bring the cash equity and derivatives markets closer together, broadening the scope of equity derivatives trading while cutting down risk and cost. EDX London is built on the foundations of OM London Exchange, which had been operating since 1989. A variety of member firms, including the leading European and global investment banks and derivatives firms are members of EDX London.
Members of EDX London trade futures and options on international exchanges through a common order book, making business easier and more cost effective.
In December 2006, EDX London launched its award winning Russia IOB Service, offering derivatives based on depository receipts listed on the London Stock Exchange’s International Order Book. Two years on, over 20 million contracts have been exchanged on the service.
In December 2008, EDX London became a wholly owned subsidiary of the London Stock Exchange.
Also in December 2008, Oslo Bors announced EDX London and the London Stock Exchange as its future partner of choice through the signing of a Strategic Partnership Agreement. (Read more).
EDX London is a Recognized Investment Exchange, regulated by the United Kingdom’s Financial Services Authority.
Products by Market
Through EDX London, members are able to trade a wide range of derivative products available on underlying from the Russian, Nordic and Baltic markets in addition to selected international markets including Kazakhstan, India, Korea and Egypt.
Other Data Related
Market Hours Open at 08:00, Close at 15:20
Shanghai Stock Exchange
Emerging Market
History
The Shanghai Stock Exchange (SSE) was founded on Nov. 26th, 1990 and in operation on Dec.19th the same year. It is a membership institution directly governed by the China Securities Regulatory Commission(CSRC). The SSE bases its development on the principle of “legislation, supervision, self-regulation and standardization” to create a transparent, open, safe and efficient marketplace. The SSE endeavors to realize a variety of functions: providing marketplace and facilities for the securities trading; formulating business rules; accepting and arranging listings; organizing and monitoring securities trading; regulating members and listed companies; managing and disseminating market information.
After several years’ operation, the SSE has become the most preeminent stock market in Mainland China in terms of number of listed companies, number of shares listed, total market value, tradable market value, securities turnover in value, stock turnover in value and the T-bond turnover in value. December 2007 ended with over 71.30 million investors and 860 listed companies. The total market capitalization of SSE hit RMB 26.98 trillion. In 2007, Capital raised from SSE market surpassed RMB 661.6 billion. A large number of companies from key industries, infrastructure and high-tech sectors have not only raised capital, but also improved their operation mechanism through listing on Shanghai stock market.
Entering the new centuries is faced with great opportunities as well as challenges to further boost the market construction and regulation. Combining the cutting-edge hardware facilities favorable policy conditions in Pudong, exemplary role of Shanghai economy, SSE is fully committed to the goal of State-owned industrial enterprises reform and developing Shanghai into an international financial center with great confidence.
Company listed
Listed Companies
By the end of 2006, the Shanghai Stock Exchange has a total of 842 listed companies. There were 13 new listings in 2006. Total number of listings stands at 886 at the end of the year with a market capitalization of RMB7161.238 billion, up 210.06% from the previous year. Market capitalization of tradable shares also improved by 143.22%, to RMB1642.833 billion. As effective of the end of 2006, the listed companies have a total of 1027.954 billion shares, of which 225.448 billion shares are tradable shares, which accounts for21.93% of the total.
In 2006, a total of 211.562 billion RMB was raised through the Shanghai Stock Exchange, up 6959.12%, of which A share IPOs were RMB146.343 billion, 5025.85% up from the previous year level，RMB65.219 billion were secondary issuance, up 45828.87% from the previous year.
Investors
In 2006,SSE recorded a total of 41.0147 million trading accounts. Of them,37.9994 million were A share accounts,while 1.0160 million were B share accounts and 1.9993 million were institutional fund accounts.
Members
At the end of 2006, SSE had 152 registered members in total, of which 139 were securities firms and 13 were non-securities firms. The 152 members had 3044 business branches and 4988 trading seats, of which 4739 were A-share trading seats while the remaining 249 were B-share trading seats. Among securities firm members,57 had a registered capital of no less than RMB 1 billion each,19 had a registered capital of no less than RMB 2 billion each, and the top 5 had a registered capital of no less than RMB 3 billion each.
Market Index for Last Five Years
Market Summary
In 2006, the total turnover on SSE was RMB 9,191.232 billion, up 184.65% from the previous year. Stock transactions were RMB 5,781.660 billion, representing 62.90% of SSE’s total turnover. T-bonds transactions reached RMB 1,702.472 billion, accounting for 18.52% of the total turnover. Fund transactions stood at RMB 102.435 billion, making up 1.11% of the total. Warrant transactions hit RMB 1,494.110 billion, taking up 16.26% of the total. The daily average stock transactions were RMB 23.990 billion, up 201.76% from that in 2005; daily bond transactions stood at RMB 7.064 billion, 35.23% lower than a year earlier; daily fund transactions hit RMB 425 million, up 78.57% from the previous year; and daily warrant transactions amounted to RMB 6.200 billion, up 750.48% year on year. When calculated by tradable shares, the turnover rate of stocks was 541.119%.
SSE 50 Index opened the year at the yearly low of 812.597 points and soared by 126.68% to close the year at the yearly high of 1805.314 points with a volatility of 122.17%. Likewise, SSE 180 Index surged by 120.61% from the yearly low of 2204.235 points at the beginning of the year to the yearly high of 4780.226 points at the year-end with a volatility of 116.87% and SSE Composite Index jumped by 143.50% from the yearly low of 1180.963 points to the yearly high of 2675.474 points with a volatility of 126.55%.
Introduction of SSE Indices
As authoritative statistical indicators widely adopted by domestic and overseas investors in measuring the performance of Chinese security market, SSE Indices are compiled and published by Shanghai Stock Exchange. SSE Indices are price indices including SSE 180 Index, SSE 50 Index, SSE Dividend Index, SSE New Composite Index, SSE Composite Index, Sector Indices, SSE Fund Index, SSE Government Bond Index, and SSE Corporate Bond Index. Among them, the earliest one compiled was SSE Composite Index.
In order to promote the long-term infrastructure construction and the standardization process of the security market, Shanghai Stock Exchange restructured SSE 30 Index and renamed it SSE Constituent Index (SSE 180 Index) in June 2002. As the core of SSE Indices, SSE 180 has made major improvements in methodology on the basis of SSE 30 Index through taking China’s current financial market situation into consideration and integrating international experience. Its objective is to select constituents that best represent Shanghai market through scientific and objective method, to establish a benchmark index that will reflect Shanghai market and serve as a performance benchmark and a basis for financial innovation.
SSE Government Bond Index and Corporate Bond Index were launched in 2003. Thus SSE Indices formed a complete system including equity, fund and bond. In early 2004, Shanghai Stock Exchange launched SSE 50 Index in order to reflect the performance of a number of most influential stocks in Shanghai Market. Thus, SSE Composite Index (a whole market index), SSE 180 Index (a performance benchmark index), SSE 50 Index (an index for good quality, large scale stocks) have formed a 3-level pyramid index structure.
SSE Indices reflect overall price changes of stocks listed at Shanghai Sock Exchange from various perspectives. SSE Indices also reflect the level of prosperity and overall price changes of each industry, thus provide investors with benchmark systems for different investment portfolios. With security market’s growing importance in national economy, SSE Indices has gradually become a weatherglass for China’s economy.
Index Advisory Committee
In order to ensure scientific methodology, transparency of index adjustment and fairness in constituent selection, Shanghai Stock Exchange has established an Index Advisory Committee, which will evaluate and provide advice for index methodology, constituent selection, index adjustment, and index operation standards.
Indonesia Stock Exchange
History
The capital market in Indonesia has actually exist long before the Independence of Indonesia. The first stock exchange in Indonesia was established on 1912 in Batavia during the Dutch colonial era. At that time, the Exchange was established for the interest of the Dutch East Indies (VOC).
During that era, the capital market grew gradually, and even became inactive for a period of time due to various conditions, such as the World War I and II, power transition from the Dutch government to Indonesian government, etc.
Indonesian government reactivated its capital market in 1977, and it grew rapidly ever since, along with the support of incentives and regulations issued by the government.
The JSX was established in 1991 and privatized in July 1992. IN 1995 the exchange moved to a new building at Sudirman central business district and launched an automated trading system to replace the old manual one.
Company listed
383 listed companies with a combined of $212 billion.
Types of Product traded
Equity ( stock)
Derivative
Stock Option
Index Futures Contract (LQ45 Futures)
Mini LQ Futures
LQ45 Futures Periodic
Mutual Funds
Syariah Product
Bond
Index used
Jsx Composite Index
Other Data Related
Trading Schedule
Securities trading in the Regular, Cash and Negotiated Markets are carried out during the trading hours on every Exchange Day based on the JATS timer.
Trading hour in the Regular and Negotiated Markets:
Day
1st Session
2nd Session
Monday – Thursday
09:30 to 12:00 WIB
13:30 to 16:00 WIB
Friday
09:30 to 11:30 WIB
14:00 to 16:00 WIB
Pre-Opening Session for the Regular Market is opened every Exchange Day:
Time
Activity
09:10:00 AM to 09:25:00 PM
The Exchange Members input their purchase and sell orders.
09:25:01 AM to 09:29:59 PM
JATS processes the Pre-opening Price forming and transactions allocation.
Trading Hour of the Cash Market:
Day
Time
Monday – Thursday
09:30:00 to 12:00:00 WIB
Friday
09:30:00 to 11:30:00 WIB
Analysis
Capital Markets
Jan 2, 2008
Dec 31, 2008
Change
Jan 2, 2009
Feb 6, 2009
Change
Points
%
Point
Shanghai
5262
1820.8
-3441
-65.39%
1880.7
2181.2
300.52
Nikkei
14691
8859.6
-5832
-39.70%
9043.1
8076.6
-966.5
Hang seng
27561
14387
-13173
-47.80%
15043
13655
-1388
KLSE
1436
876.75
-558.9
-38.93%
894.36
896.64
2.28
STI
3461
1761.6
-1700
-49.11%
1829.7
1715.4
-114.4
FTSE
6417
4434.2
-1983
-30.90%
4561.8
4291.9
-269.9
Nasdaq
2610
1577
-1033
-39.57%
1632.2
1591.7
-40.5
DJIA
13044
8776.4
-4268
-32.72%
9034.7
8280.6
-754.1
IDX
2732
1355
-1376
-50.38%
1437
1350.6
-86.7
The Relations among Several Capital Markets
Posted by Alexander Wibowo on January 27
US
UK
Jepang
Hongkong
China
Singapore
India
Malaysia
Indonesia
US
1
UK
0.9666
1
Jepang
0.8631
0.9302
1
Hongkong
0.7564
0.6719
0.4326
1
China
0.7633
0.6797
0.5092
0.8180
1
Singapore
0.9717
0.9604
0.8797
0.7718
0.7812
1
India
0.6949
0.6142
0.3498
0.9454
0.7955
0.6877
1
Malaysia
0.8851
0.8636
0.7012
0.8017
0.8471
0.9025
0.8144
1
Indonesia
0.6621
0.5585
0.2952
0.9150
0.7574
0.6637
0.9278
0.8063
1
www.finance447.wordpress.com
The Impact of Lehman Brothers Bankruptcy On Several Capital Market Indexes After Three Weeks.
The bankruptcy of Lehman Brothers gave negative impact to capital market around the world. After three weeks the average movement of market index in several capital markets is -17.09%. Table below shows the condition of several capital markets.
Capital Markets
Sept 15 – Oct 10 2008
US
-22.59%
UK
-24.44%
China
0.70%
Jepang
-28.71%
Taiwan
-15.23%
Hongkong
-19.15%
Korsel
-10.54%
India
-22.20%
Singapura
-20.85%
Malaysia
-9.46%
Indonesia
-15.56%
average
-17.09%
Emerging Markets refers to the securities markets of a developing country and the use that county makes of international capital markets.
During the early to mid -1990s, many investors in search of high yields and high growth potential, as well as geographic diversification, discovered that the securities of developing countries could be attractive prospects. The people ‘s of Republic China is the most populous country in the world, with a population of more than 1, 25 billion. Since 1979, when China began to open its economy to the rest of the world and initiate reforms, its economic performance has been impressive. IN 2001, its GDP reached $5.2 trillion, although per capita GDP $ 4.091 remained low. The reforms have reduced, if not completely eliminated, the rigidities of the former central planning system. As a result, China has undergone a fundamental change from complete reliance on state-own enterprises to a mixed economy where a private enterprise also plays an important role. The private sector will account for an increasingly higher percentage of the economy in the coming years.
