A stock index weighted by adding the price of 1 share of each stock included in the index, and dividing this sum by a constant divisor. The divisor is changed when a stock split or stock dividend occurs because these affect the stock prices. The MMI is a price weighted index.
PRICE WEIGHTED INDEX
Meaning of PRICE WEIGHTED INDEX in English
A guide to futures and options market technology English dictionary. Английский словарь-руководство по фьючерсам и опционам рыночных технологий . 2012