The NASDAQ - 100, the 100 shares of NASDAQ-listed non- financial companies are included with the highest market capitalization. In contrast, the Nasdaq Composite includes over 3,000 shares.
The NASDAQ-100 is a price index. It consists of 100 shares of the Nasdaq composite with the highest market capitalization. The Index will be determined solely on the basis of share prices and adjusted only to income from subscription rights and special. The weighting is based on the market capitalization of the companies listed. Corporate actions such as stock splits have no ( distorting ) influence on the index. The market value is calculated here by multiplying the share price of each company and the total number of issued shares by the company. The calculation is while the NASDAQ trading hours 9:30 to 16:00 local time ( 15:30 to 10:00 p.m. CET) updated every second.
The investment universe includes all companies that are listed on the NASDAQ. To create a selection list the companies in the investment universe are sorted in descending order by market capitalization. Consideration is given only to undertakings whose market value but not less than 0.1 percent of the total market capitalization of the NASDAQ -100 on two consecutive month ends and which are already listed two years at the NASDAQ. Likewise, an average of 200,000 shares in the company must be traded on the day. The weighting of the index components must not exceed 24.0 percent. Its composition is usually decided once a year, the weighting of the companies listed four times tested annually. The basis for the calculation of the Nasdaq -100 are the companies' share prices.
The NASDAQ-100 is calculated since 31 January 1985. The index base initially was 250 points. On January 4, 1994, a division of the NASDAQ -100 was 2-for- 1 Thus, the underlying halved from 1985 to 125 points. In October 1993, options were traded on the index for the first time in the Chicago Board Options Exchange. As of 21 December 1998 the NASDAQ -100 was changed from a high weighting index to a modified market capitalization- weighted index.
On 23 May 1995, the NASDAQ 100 closed for the first time surpassed the mark of 500 points, and on 8 July 1997 for the first time over the 1,000 -point mark. After that, the performance of the index accelerated. On 11 January 1999, the mark of 2,000 points was first overcome and on 18 November 1999 for the first time the 3,000 -point mark. On 8 February 2000, the NASDAQ 100 closed at 4062.77 points for the first time surpassed the mark of 4,000 points.
On 27 March 2000, the NASDAQ 100 finished with 4704.73 points trading at an all time high. That was an increase from 1985 to 3663.8 percent. The index was at the height of the bubble in the technology sector ( dot-com bubble ). By 7 October 2002, the NASDAQ -100 fell to a closing level of 804.64 points. That's down from its all-time high in March 2000 to 82.8 per cent. The October 7, 2002 marked the turning point of the descent. From the autumn of 2002, the NASDAQ -100 was back on the way up. Until 31 October 2007, the stock index rose to a closing level of 2238.98 points.
In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the index began to fall again. On 29 September 2008, he graduated with 1496.15 points below the limit of 1500 points. At a new low of the NASDAQ-100 fell on March 9, 2009, when he finished trading with 1043.87 points. Since October 31, 2007, this represents a decrease of 53.4 percent.
The March 9, 2009 marked the end of the descent. From the spring of 2009, the stock market index has again recovered strongly. On September 19, 2012, he graduated with 2864.03 points, its highest level since 11 December 2000. Earnings since March 9, 2009 is 174.3 percent.
The overview shows the all-time highs of the NASDAQ -100.
The table shows the milestones of the NASDAQ -100.
The table shows the development of the NASDAQ -100 since 1985.
The NASDAQ-100 consists of the following values (as at: February 8, 2014):