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HCM City bourse to get new indices

Update: January, 22/2014 - 09:04

The HCM City Stock Exchange is set to unveil several new indices next Monday, including the VNMidcap, VNSmallcap and VNAllsharecap.— File Photo

HCM CITY (VNS) — The HCM City Stock Exchange is set to unveil several new indices next Monday, 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 per cent to remain in the indexes.

HOSE CEO Phan Thi Tuong Tam said at a review meeting last week that the indices are 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 VND1.06 trillion or more than US$50 million, up 15 and 21 per cent from 2012.

HOSE organised 29 auctions, including 16 IPOs, to sell more than 70 million shares for VND825 billion ($40 million), up 551 and 426 per cent. There are currently 303 shares and mutual funds listed on the bourse.

Last October HOSE became a member of the World Federation of Exchanges. — VNS

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