Monthly Hang Seng Index performance 2019-2024
As of November 2024, the Hang Seng Index at the Hong Kong Exchange amounted to 19,423.61 points. After the outbreak of COVID-19, the index dropped as part of a broader Pan-Asian trend. However, by the end of 2020, when the pandemic situation stabilized in many countries and news about a vaccine rollout came out, the Hang Seng Index recovered and recorded significant increases every month.
Index composition
The Hang Seng Index is the most prominent indicator of stock performance at the Hong Kong Exchange. By including the 50 largest companies, the index represents the market movements of more than half of the bourse’s market capitalization. In addition to that, the Hang Seng index has a large number of smaller indices which mirror the situation of smaller industries or market sections.
The Hang Seng Composite Index
One example of a sub-index is the Hang Seng Composite Index. It reflects the performance of the top 95 percentile of the total market capitalization. The financial industry accounted for the largest share of companies included in the index, followed by the information technology sector. Prominent companies represented in the index are Tencent, AIA, and Meituan.
