上证180指数成份股对投资者回报率的统计分析

2001年6月份以来持续两三年的股市低迷,八成以上的股民发生亏损,但是这两三年的时间不能代表我国股市的长期情况。为了全面地反映我国A股市场长期投资回报的高低,选取有代表性的上证180指数,计算其成份股从1993年至2002年的股利回报率、配股回报率、资本利得和投资回报率。经过计算可知,上证180指数成份股的现金回报率低和投资回报率都较低,两者的平均值不足1％。

The Quantitative Analysis on ROI of the Component Stocks of SSE 180 Index to Investors

Since June 2002, Chinese A-Share stock markets have slipped into ebbing state two or three years and over 80% of stockholders lost their money. But the short-term phenomenon cannot represent the long-term stock market. In order to disclose the long-term ROI of Chinese A-Share stock markets, SSE 180 Index is selected as the representative of Chinese A-Share stock markets and its dividend yield, return on right offering, capital gain and return on investment, paper. According to the quantitative results of the calculation, the dividend yield and return on investment of SSE 180 Index are both smaller than 1%.