NBTM New Materials Group Co Ltd (600114) Rise 0.45% on Oct 13

October 13, 2017 - By Winifred Garcia

Shares of NBTM New Materials Group Co Ltd (SHA:600114) last traded at 17.71, representing a move of 0.45%, or 0.08 per share, on volume of 2.10 million shares. After opening the trading day at 17.61, shares of NBTM New Materials Group Co Ltd traded in a close range. NBTM New Materials Group Co Ltd currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 14.8 and high of 19.28.

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. NBTM New Materials Group 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 NBTM New Materials Group 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 NBTM New Materials Group 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 NBTM New Materials Group Co Ltd (SHA:600114) news were published by: Reuters.com which released: “NBTM New Materials Group unit gets property certificate for 18.5 mln yuan worth land auction” on September 14, 2017, also Reuters.com with their article: “NBTM New Materials Group completes establishment of new material company with partner” published on July 31, 2017, Reuters.com published: “NBTM New Materials Group sees H1 FY 2017 net profit up 80 pct to 100 pct” on July 12, 2017. More interesting news about NBTM New Materials Group Co Ltd (SHA:600114) were released by: Reuters.com and their article: “NBTM New Materials Group to invest 19.6 mln yuan to set up new material company with partner” published on June 30, 2017 as well as Reuters.com‘s news article titled: “NBTM New Materials Group unit wins state-owned construction land use right worth 10.6 mln yuan” with publication date: June 12, 2017.

NBTM New Materials Group Co., Ltd. is a China firm principally engaged in the production and sales of powder metallurgy machinery parts and soft magnetic materials. The company has market cap of $. The Company’s powder metallurgy machinery products include automotive parts, motorcycle parts and home appliance parts. It currently has negative earnings. The Company’s powder metallurgy machinery parts are mainly applied in engines, gearboxes, chassis, compressors of air conditioners and refrigerators and motorcycle clutches.

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