Monday, May 25 2020

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VRE, SSI to take higher weight in VN30: VDSC

Update: March, 30/2020 - 10:25

 

The view of the Hồ Chí Minh Stock Exchange (HoSE). — Photo cafef.vn

HCM CITY — Property developer Vincom Retail (VRE) and SSI Securities (SSI) are two of four stocks expected to weigh more in the large-cap VN30 basket, according to Rồng Việt Securities Corp (VDSC).

The two other stocks are FLC Faros Construction Corp (ROS) and PetroVietnam Power Corp (POW).

Meanwhile, the market regulator will reduce the weight of VP Bank (VPB), sugar firm Thành Thành Công-Biên Hòa JSC (SBT) and tech group FPT (FPT).

The change will be made by the Hồ Chí Minh Stock Exchange (HoSE) when the southern market regulator completes reviewing the large-cap basket in April.

The VN30 basket tracks the performance of 30 largest stocks by market capitalisation and trading liquidity listed in the HoSE.

VDSC said that HoSE will not add new stocks to the large-cap basket or remove any stocks from it in the upcoming review.

The new VN30 basket will take effect on the first Monday of May, which falls on May 6.

The large-cap tracker VN30-Index was down 0.86 per cent to end Thursday at 646.70 points. — VNS

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