Close behind were Goldman Sachs at a 7.07 percent weighting 3M, with a 6.47 percent weighting United Health, at 6.04 percent and McDonald’s, at 4.91 percent. Through Thursday, Boeing’s weighting in the index - based entirely on the price of a single share of Boeing stock - was 7.3 percent, Mr. “You can’t put a stock like Amazon in it without all kinds of adjustments because its price is too high and it will change the index too much.”Ĭonsider what the Dow looks like now. “You can’t put a $1,000 stock in it,” he said. It tells you how the market performed and it requires relatively little calculation.” It has some idiosyncrasies, though.
“But remember, Charles Dow did it without computers, and it basically works. “No one would build a stock market index that way today,” Professor Siegel said. The rise and fall of caviar is the powerhouse that controls your price-weighted food index, even if you never buy caviar again in your life. In a price-weighted index, caviar will have the biggest overall impact because it’s the most expensive item you’ve bought, even though you spent far more money on tuna. You purchased one jar of caviar and 1,000 cans of tuna fish. Imagine that you are creating a food index based on all of the items you have bought in the last year. The combined market capitalization of exchanges in the world grew as a whole.Consider the implications of using that kind of index. It was also followed by Hong Kong Exchanges and Clearing, Germany’s Frankfurt Stock Exchange run by Deutsche Borse and U.S.’ Nasdaq Nordic Exchanges.īy region, the value of stock markets in the Asia-Pacific region increased by the largest 25.66 percent, followed by the European areas, including Africa and Middle East, with 24.04 percent and the Americas with 17.84 percent. The KRX showed the third biggest gain among WFE member states over the cited period following India’s National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The combined market capitalization of global stock exchanges stood at US$85.3 trillion (93.019 quadrillion won) at the end of last year, up 21.83 percent from US$70 trillion (76.335 quadrillion won) at the end of 2016. The figure was the 13th largest in the world in terms of market capitalization for stock exchanges, moving up two notches from 2016. The market capitalization of the Kospi and Kosdaq markets increased 21.76 percent and 26.44 percent respectively. 5, the total market capitalization of stocks listed on the benchmark main Korean Composite Stock Price Index (Kospi) and second-tier Korean Securities Dealers Automated Quotations (Kosdaq) markets reached US$1.77 trillion (1.932 quadrillion won) as of the end of last year, up 38.19 percent from US$1.28 trillion (1.398 quadrillion won) tallied as of the end of December 2016. The figure was far higher than the average of the world’s total market capitalization gains at 20 percent.Īccording to Korea’s stock operator Korea Exchange (KRX) on Feb. The combined market capitalization of South Korean stocks listed in the country’s both primary and secondary bourses surged about 38 percent on-year in 2017, recording the world’s third biggest among 20 members of the World Federation of Exchanges (WFE).
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