The Ho Chi Minh City Stock Exchange is set to unveil several new indices on January 27, including the VNMidcap, VNSmallcap and VNAllsharecap.
In 2012 it had announced its VN30 Index of 30 leading companies in terms of market capitalisation and liquidity.
The VNMidcap will have 70 companies with lower market capitalisation than those in the VN30.
The VN100 comprises of those in the VN30 and the VNMidcap.
The VNSmallcap, as the name suggests, consists of companies with low market capitalisation.
The VNAllshare consists of those in the VN100 and the VNSmallcap. The free float of all companies should be more than 10 percent to remain in the indexes.
HOSE CEO Phan Thi Tuong Tam said at a review meeting last week that the indices were built to reflect the price fluctuations of shares with various levels of market capitalisation.
The HOSE-Index is a standard benchmark to serve investment and act as the basic index for ETF (exchange-traded fund) and derivative products.
Last year the average number of shares traded daily was 64.8 million worth 1.06 trillion VND or more than 50 million USD, up 15 and 21 percent from 2012.
HOSE organised 29 auctions, including 16 IPOs, to sell more than 70 million shares for 825 billion VND (40 million USD). There are currently 303 shares and mutual funds listed on the bourse.
Last October HOSE became a member of the World Federation of Exchanges.-VNA
In 2012 it had announced its VN30 Index of 30 leading companies in terms of market capitalisation and liquidity.
The VNMidcap will have 70 companies with lower market capitalisation than those in the VN30.
The VN100 comprises of those in the VN30 and the VNMidcap.
The VNSmallcap, as the name suggests, consists of companies with low market capitalisation.
The VNAllshare consists of those in the VN100 and the VNSmallcap. The free float of all companies should be more than 10 percent to remain in the indexes.
HOSE CEO Phan Thi Tuong Tam said at a review meeting last week that the indices were built to reflect the price fluctuations of shares with various levels of market capitalisation.
The HOSE-Index is a standard benchmark to serve investment and act as the basic index for ETF (exchange-traded fund) and derivative products.
Last year the average number of shares traded daily was 64.8 million worth 1.06 trillion VND or more than 50 million USD, up 15 and 21 percent from 2012.
HOSE organised 29 auctions, including 16 IPOs, to sell more than 70 million shares for 825 billion VND (40 million USD). There are currently 303 shares and mutual funds listed on the bourse.
Last October HOSE became a member of the World Federation of Exchanges.-VNA
