PRODUCT
Indexes
STOCK MARKET INDEX
Stock market index is an index generated from a certain number of prime stocks which are actively traded in the stock market. It is a stock market indicator which shows the general price level of common stock traded in the stock exchange. Normally, the stock market index represents the majority market capitalization and overall market activities.
Basic Formula For The Stock Index
Current total market vaule of constituent stocks
----------------------------------------------------------------- x 100 = Stock Index
Total market value of constituent stock at base date
Example :
Assume a stock market index is composed of constituent stocks A, B, and C. At the current and base date, the stocks have the following value :
| Stock | Issued Share |
Market Price current / base date |
Market Value current / base date |
| A | 10,000 | $8 / $5 | $80,000 / $50,000 |
| B | 8.000 | $20 / $10 | $160,000 / $80,000 |
| C | 15,000 | $4 / $8 | $60,000 / $120,000 |
| Total Market Value = | $300,000 / $250,000 | ||
Therefore, the Stock Market Index will be :
(300,000/250,000) x 100 = 120
NIKKEI INDEX
Nikkei225 is a stock market index for the Tokyo Stock Exchange (TSE). The Nikkei average is the most watched index of Asian stocks. It has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since 1971. It is a price-weighted average and the components are reviewed once a year.The Nikkei 225 began to be calculated on September 7, 1950, retroactively calculated back to May 16, 1949.
The Nikkei 225 Futures, introduced at the Osaka Securities Exchange (OSE), Chicago Mercantile Exchange (CME) ,Singapore Exchange (SGX) , is now an internationally recognized futures index.
HANG SENG INDEX
The Hang Seng Index (abbreviated: HSI) is a free-float-adjusted market capitalization-weighted stock market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong. These 43 companies represent about 65% of capitalization of the Hong Kong Stock Exchange.HSI was started on November 24, 1969, and is currently compiled and maintained by HSI Services Limited, which is a wholly owned subsidiary of Hang Seng Bank, the largest bank registered and listed in Hong Kong in terms of market capitalization. It is responsible for compiling, publishing and managing the Hang Seng Index and a range of other stock indexes, such as Hang Seng China AH Index Series, Hang Seng China Enterprises Index, Hang Seng China H-Financials Index, Hang Seng Composite Index Series, Hang Seng Freefloat Index Series and Hang Seng Total Return Index Series.
KOSPI 200
The KOSPI 200 Index is a capitalization-weighted index of 200 Korean stocks which make up 93% of the total market value of the Korea Stock Exchange. The index was developed with a base value of 100 as of January 3, 1990.AVAILABLE TRADING CURRENCIES AND CONTRACT SIZE
| ITEM | Hang Seng | Nikkei | Kospi |
| Contract Size | Rp.50,000 / USD 5 | Rp.30,000 / USD 5 | Rp.35,000 / USD 5 |
| Trading Time | 1st session 08:15 -
11:00 (WIB) 2nd session 12:30 - 15:15 (WIB) |
1st session 06:45 - 13:25 (WIB) 2nd session 14:15 - 01:00(WIB) |
07:00 - 13:05 (WIB) |
|
Minimum Fluctuation |
1 POINT | 5 POINT | 0.05 POINT |
| Contract Month | Every Month | March, June, September, December | March, June, September, December |
EXAMPLE
Example one Investor A buy 2 Hangseng index March contractsat 23,950 and settle the 2 contracts at 24,000.
The amount gain is :
(24,000 - 23,950) x US$5 x 2 = US$500
Example two Investor B sell 3 Nikkei index June contracts
at 14,000 and settle the 3 contracts at 13,500.
The amount gain is :
(14,000 - 13,500) x US$5 x 3 = US$7,500
