The FinanceAsia Composite Internet Index (Facix) closed at 175.63 points on Friday, October 6, down 3.46 points (-1.93%) from the previous trading day.
This performance of Asia's most comprehensive internet index reflects investors' gloomy perspective of the dotcom sector. If an investor had placed $100,000 into Asian internet plays at the beginning of the year, it would only be worth $17,500 today.
Pacific Century CyberWorks in Hong Kong, which earlier this year swallowed Hong Kong Telecom, accounts for about 47% of the index. Thus the fate of the Facix is very much dependent on the fate of PCCW .
Biggest gainers:
Neowiz Corp up 11.91%
eWORLDOFSPORTS.COM up 9.09%
Medidas Co up 8.04%
Biggest losers:
Satyam Infoway Limited down -9.18%
Sohu.com Inc down -17.94%
To account for the Nasdaq or 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 1,000 on January 3, 2000, the first trading day of the millennium. The list of constituent stocks is available from [email protected].
