share index

share index An index formed by selecting a number of prominent shares traded on a stock exchange and comparing the daily value of these shares with their value on a stated date in the base year. The daily value of the shares takes into account the volume of shares traded (see WEIGHTED AVERAGE). See CHAMBRE AGENT GENERAL INDEX; COMMERZBANK INDEX; DOW JONES INDUSTRIAL AVERAGE; FINANCIAL TIMES SHARE INDEXES; NIKKEI STOCK AVERAGE; HANG SENG INDEX.