Vietnam Primary Exchange Issues Principles of Building and Managing VN30 Index - KIS Vietnam Securities Corporation
Vietnam Primary Exchange Issues Principles of Building and Managing VN30 Index

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Vietnam Primary Exchange Issues Principles of Building and Managing VN30 Index

06/01/2012


The VN30 has the following characteristics: the index is comprised of 30 listed stocks which are selected based on 3 criteria: market capitalization; free-float rate being multiple of 5 (%) and transaction value.


These 30 stocks are listed on HOSE, having highest market capitalization and liquidity, accounting for approximately 80% market cap and 60% market trading value, the bourse said.


The weight of stock in the index is limited at 10% maximum. The index will be calculated every 1 minutes and adjusted every 6 months in Jan and July each year. Changes will be applied from Monday of the 4th week in Jan or July.


The base date and value will be announced later.


The HOSE has founded a council to oversee VN30 which included 8 members including Tran Hoang Ngan, deputy rector of Ho Chi Minh Economic University as the chairman.


Other  7 members are: Nguyen Huy Nam, an analyst; Tran Thanh Tan, CEO of VFM; Trinh Hoai Gian, deputy CEO of Ho Chi Minh City Securities Corporation (HCM); Pham Ngoc Bich, director of customer department of Saigon Securities Inc. (SSI); Le Yen Quynh from Dragon Capital, Trinh Minh Tuan from Vinacapital and Do Huy Hoang from Securities Research & Education Center under the State Securities Commission (SSC).