Facix declines 1.5 points to 68.3, Netease.com loses 20%

The FinanceAsia Composite Internet Index (Facix) closed 68.29 points on Wednesday, March 28, down 1.51 (-2.16%) from the previous trading day.

Biggest gainers

Netalone.Com Limited  20.37%
WHEREVER.net Holding Corp.  16.67%
I-CABLE Communications Ltd.  4.32%

Biggest losers

Sina.com  -12.50%
Netease.com  -20.00%

To account for the Nasdaq and NYSE traded stocks, the Facix is calculated the following day, Hong Kong time.

The Facix is an index of 57 Asian "pure-play" or "intimately pure-play" internet stocks created and maintained by FinanceAsia, the leading capital markets magazine in the region.

The base currency for the Facix is the US dollar. Its value was set to 1000 on 3 January 2000, the first trading day of the millennium. The list of constituent stocks is available from [email protected].

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