(VIANEWS) – HANG SENG INDEX (HSI) has been up by 19.74% for the last 21 sessions. At 21:08 EST on Thursday, 8 December, HANG SENG INDEX (HSI) is $19,587.47.

Is HANG SENG INDEX Index a Good Investment?

Investing in the Hang Seng Index isn’t for everyone. However, the index’s performance is an important barometer of the overall stock market in Hong Kong, which is one of the world’s largest equities markets. The index is the most widely quoted barometer of the Hong Kong economy and is closely followed by traders, investors and analysts.

The Hang Seng Index is comprised of a group of 50 blue-chip stocks. It is similar to the S&P 500 in the United States. These companies include HSBC Holdings plc, a leading international financial institution, and China Mobile Ltd. These companies are listed on the Hang Seng exchange, which is the largest stock market in the Hong Kong Special Administrative Region.

The Hang Seng Index has a market cap of approximately $4 trillion. It comprises about 40% of the total market capitalization on the Hong Kong Stock Exchange. There are about 2,500 listed companies on the exchange.

The Hang Seng is a market capitalization-weighted index, meaning it is weighted according to the market value of the company’s shares. The index is rebalanced quarterly. The Hang Seng is dominated by the Financials sector, with about 35% of the index’s market value. This sector also includes the Industrial & Commercial Bank of China and Bank of China, two of the five largest banks in the world.

The Hang Seng has had a mixed run this year, with a 29% decline. The index has lost more than half of its post-pandemic gains. Part of the problem has been an overhaul of the index’s constituent stocks last year.

Concerning HANG SENG INDEX’s yearly highs and lows, it’s 34.19% up from its 52-week low and 21.81% down from its 52-week high.

Volatility

HANG SENG INDEX’s last week, last month’s, and last quarter’s current intraday variation average was 1.96%, 0.75%, and 1.79%, respectively.

HANG SENG INDEX’s highest amplitude of average volatility was 2.12% (last week), 1.83% (last month), and 1.79% (last quarter), respectively.

Index Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, HANG SENG INDEX’s is considered to be overbought (>=80).

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