On September 24, 2013, the Hochiminh Stock Exchange (HOSE) organized a seminar introducing the HOSE Index Set with new indexes such as VNMidcap, VNSmallcap, VN100 and VNAllshare.
Although the VN30 is quite successful with the companies having real
quality, the VN-Index and VN30 have not meet various demands on information,
trading and investment in the market, especially other market segments such as
the companies with small and medium capitalization scales, or the companies in
the same group of industries which has not had any measure to reflect the
market changes.
Therefore, HOSE would like to introduce a new index set to reflect
detailed information in the market, thus increase investment opportunities by
indexes, ETF and derivative products, and create the synchronization and
comparison between HOSE’s indexes and those of other stock exchanges in the
region.
HOSE Index Set is calculated by the capitalized value method with
adjusted free-float ratio. The set includes the listed companies which are not
cautioned for disclosure violations, not controlled, not suspended trading
within three months until the date of consideration, and listed over six months
until the date of consideration. Besides, they must meet criteria for free-float
(>10%) and liquidity (stock rotation speed per day > 0.05%). After
meeting the above criteria, the shares will be included in VN30, VNMidcap,
VNSmallcap and other industry indicators.
As expected, the Hochiminh Stock Exchange will implement VNMidcap, VNSmallcap,
VN100 and VNAllshare to the market in January 2014.
Another seminar introducing the new HOSE Index Set will be held in Hanoi city on September
26, 2013./.
