China Shipbuilding Industry Group Power Co., Ltd. (600482) Plunges -0.08% on Feb 10

February 10, 2018 - By Ellis Scott

Shares of China Shipbuilding Industry Group Power Co., Ltd. (SHA:600482) last traded at 24.01, representing a move of -0.08%, or -0.02 per share, on volume of 9.77 million shares. After opening the trading day at 23.62, shares of China Shipbuilding Industry Group Power Co., Ltd. traded in a close range. China Shipbuilding Industry Group Power Co., Ltd. currently has a total float of 1.73B shares and on average sees 6.30 million shares exchange hands each day. The stock now has a 52-week low of 23 and high of 39.59.

SSE Composite Index: Driving Chinese Economy

SSE Composite Index is the index of all stocks traded on the Shanghai Stock Exchange (SSE).

SSE is one of Chinas two largest stock exchanges. The other is Shenzhen Stock Exchange. SSE is the second-largest stock exchange in Asia and fifth-largest in the world by market capitalization. China Shipbuilding Industry Group Power Co., Ltd. is one of companies included in SSE lists. The exchange is run as a nonprofit organization overseen by China Securities Regulatory Commission (CSRC).

The platform is used for trading equities, bonds and funds. Stocks on SSE are grouped into two categories as A Shares and B shares. The major distinction between the two types of shares today is that B shares are priced in U.S. dollar (USD) while A Shares are priced in Yuan (RMB). However, before 2002 A Shares were only available for trading by Chinese citizens, but today the shares are accessible by foreign inves....

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