Yangzhou Yaxing Motor Coach Co., Ltd. (600213) Moves Up 9.97% on Mar 15

March 15, 2018 - By Russell Anderson

Shares of Yangzhou Yaxing Motor Coach Co., Ltd. (SHA:600213) last traded at 10.37, representing a move of 9.97%, or 0.94 per share, on volume of 15.75 million shares. After opening the trading day at 9.49, shares of Yangzhou Yaxing Motor Coach Co., Ltd. traded in a close range. Yangzhou Yaxing Motor Coach Co., Ltd. currently has a total float of 219.96 million shares and on average sees 5.63 million shares exchange hands each day. The stock now has a 52-week low of 7.68 and high of 16.1.

SSE: An Asian Economy Pride

Aside from being the world’s largest country in terms of population, China is also the largest economy in Asia, placing it next to the US worldwide. Behind this success is the nation’s leading stock exchange, the Shanghai Stock Exchange (SSE).

Chinese Equity Market

With over 1,000 companies listed on it and a market capitalization of $3.50 trillion as of February, the SSE is the second largest stock exchange in Asia and the fifth in the world. Yangzhou Yaxing Motor Coach Co., Ltd. and others prefer to work at this reliable market. As a non-profit organization, it is operated by the China Securities Regulatory Commission (CSRC).

While the SSE had already been established in 1866, it had to shut down in 1941 due to the Japanese occupation in Shanghai. On December 19, 1990, after decades of setback, the SSE finally had its major comeback with an official relaunch of operations.

All SSE stocks are tracked on the SSE Composite Index, which was launched officially on July 15, 1991. For a clearer and more accurate representation of the Chinese equity market, it features three main sub-indices: the SSE 380, the SSE 180, and the SSE 50. The SSE 380 is made up of the 380 most active stocks on the SSE; the SSE 180 is made up of the 180 most active stocks; and the SSE 50 is made up of the 50 most active stocks. In order for a stock to qualify in the SSE 50, it must first be included in both the SSE 380 and the SSE 180.

The SSE Composite Index is a market-capitalization-weighted index, which means that all of its components are weighted using the Paasche weighted composite price index formula. Its base date and base value is December 19, 1990 and 100, respectively.

In December 1990, the SSE Composite Index had hit its all-time low of 99.98 and in October 2007, its all-time high of 6,092.06. Being the part of SSE index gives new options for Yangzhou Yaxing Motor Coach Co., Ltd. stocks.

Trading in China

The pre-market session on the SSE lasts from 9:15 a.m. until 9:25 a.m. while the regular session lasts from 9:30 a.m. until 3:00 p.m. In between the regular session is a two-hour break that lasts from 11:31 a.m. until 1:29 p.m.

All SSE stocks are classified into two categories of shares: A shares and B shares. The former type of shares is traded in Yuan while the latter is traded in US dollar (USD). Only domestic traders were allowed to trade A shares in the past. International traders were only allowed to trade B shares. However, in 2002, international traders had finally been allowed to trade A shares and B shares alike like domestic traders. As a result, the Chinese economy had bloomed immensely and still continues a rapid economic growth today. Companies, like Yangzhou Yaxing Motor Coach Co., Ltd. also grow with the economy.

It is ideal to invest on SSE stocks today given the fast-paced growth of what is already the second biggest economy in the world. By doing so, investors can expect high returns from the Chinese equity market regardless of whether investments are short-term or long-term.

More notable recent Yangzhou Yaxing Motor Coach Co., Ltd. (SHA:600213) news were published by: Reuters.com which released: “China stocks snap 3-day winning streak amid biggest govt shake-up in years” on March 13, 2018, also Reuters.com with their article: “China stocks end 2017 with strong gains” published on December 29, 2017, Reuters.com published: “Yangzhou Yaxing Motor Coach Sold 5,742 Coaches In 2017, Down 5 Percent Y/Y” on January 08, 2018. More interesting news about Yangzhou Yaxing Motor Coach Co., Ltd. (SHA:600213) were released by: Reuters.com and their article: “Yangzhou Yaxing Motor Coach’s Nov sales up 80 pct y/y” published on December 06, 2017 as well as Reuters.com‘s news article titled: “Yangzhou Yaxing Motor Coach’s bus sales down 50 pct y/y in Aug” with publication date: September 06, 2017.

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