Outside the Ho Chi Minh Stock Exchange (HoSE) in HCM City (Photo: baodautu.vn)HCM City (VNS/VNA) - The Ho Chi Minh Stock Exchange (HoSE) plans to introduce a newindex that contains foreign-ownership-capped shares.
The Vietnam DiamondIndex will contain 10-20 stocks that are picked from 239 being watched by theVNALLSHARE-Index on HoSE.
If the stock is notcontained in the VNALLSHARE-Index, the company must have the foreign ownershiplimit of minimum 95 percent and market value of at least 5 trillion VND (215million USD).
Any company wishingto be included in the index must also have at least 15 billion VND worth oftrading value each day and foreign investors are able to snap up maximum 500billion VND worth of its remaining available shares.
The company sharesmust be traded constantly for at least 20 trading days on HoSE prior to theindex review date.
The weight of eachstock will account for maximum 15 percent of the index and the weight of eachstock group will account for maximum 40 percent of the index.
The index will starttrading at 1,000 points on an unknown date. The index data revision is made onthe last day of March, June, September and December each year.
The index review ismade public on the third Monday of April and October.
The information ofthe stocks in the index is updated on the third Monday of January, April, Julyand October.
Changes of the indexrevision take effect on the first Monday of February, May, August and November.
The southern boursealso wants to develop two new indices that watch the movement of financialstocks – the Vietnam Leading Financial Index (VNFIN-Lead Index) and the VietnamSelect Sector Index (VNFIN-Select Index).
VNFIN-Select Indexwill track financial stocks, containing at least 10 stocks whose weight iscapped at 15 percent of the index.
The company in theVNFIN-Select Index must have a market value of minimum 500 billion VND and itsshares’ daily average trading value must be minimum 1 billion VND.
VNFIN-Lead Index willtarget stocks of financial firms that have no negative post-tax profit based ontheir nearest audited financial reports.
There will be atleast 10 stocks in the index and an individual stock accounts for maximum 15 percentof the index in market value.
Any company admittedto the VNFIN-Lead Index must have at least 10 billion VND worth of dailytrading value and turnover ratio of minimum 0.1 percent.
There are now fourgroups of indices on HoSE. The VNX indices watch the stocks listed on both HoSEand the Hanoi Stock Exchange.
The HOSE indiceswatch company stocks listed on HoSE by market capitalisation.
The SECTOR indiceswatch HoSE-listed companies by industries and the TRI indices watch companies basedon their total incomes.-VNS/VNA
The Vietnam DiamondIndex will contain 10-20 stocks that are picked from 239 being watched by theVNALLSHARE-Index on HoSE.
If the stock is notcontained in the VNALLSHARE-Index, the company must have the foreign ownershiplimit of minimum 95 percent and market value of at least 5 trillion VND (215million USD).
Any company wishingto be included in the index must also have at least 15 billion VND worth oftrading value each day and foreign investors are able to snap up maximum 500billion VND worth of its remaining available shares.
The company sharesmust be traded constantly for at least 20 trading days on HoSE prior to theindex review date.
The weight of eachstock will account for maximum 15 percent of the index and the weight of eachstock group will account for maximum 40 percent of the index.
The index will starttrading at 1,000 points on an unknown date. The index data revision is made onthe last day of March, June, September and December each year.
The index review ismade public on the third Monday of April and October.
The information ofthe stocks in the index is updated on the third Monday of January, April, Julyand October.
Changes of the indexrevision take effect on the first Monday of February, May, August and November.
The southern boursealso wants to develop two new indices that watch the movement of financialstocks – the Vietnam Leading Financial Index (VNFIN-Lead Index) and the VietnamSelect Sector Index (VNFIN-Select Index).
VNFIN-Select Indexwill track financial stocks, containing at least 10 stocks whose weight iscapped at 15 percent of the index.
The company in theVNFIN-Select Index must have a market value of minimum 500 billion VND and itsshares’ daily average trading value must be minimum 1 billion VND.
VNFIN-Lead Index willtarget stocks of financial firms that have no negative post-tax profit based ontheir nearest audited financial reports.
There will be atleast 10 stocks in the index and an individual stock accounts for maximum 15 percentof the index in market value.
Any company admittedto the VNFIN-Lead Index must have at least 10 billion VND worth of dailytrading value and turnover ratio of minimum 0.1 percent.
There are now fourgroups of indices on HoSE. The VNX indices watch the stocks listed on both HoSEand the Hanoi Stock Exchange.
The HOSE indiceswatch company stocks listed on HoSE by market capitalisation.
The SECTOR indiceswatch HoSE-listed companies by industries and the TRI indices watch companies basedon their total incomes.-VNS/VNA
VNA
