Thursday, May 28 2020

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HoSE adjusts large-cap basket, banks' total weight increases

Update: April, 21/2020 - 16:31

 

Cash being counted at Vietcombank's head office in Hà Nội. The Hồ Chí Minh Stock Exchange (HoSE) will raise the weight of the bank shares in its large-cap VN30 basket on May 4. — VNA/VNS Photo Trần Việt

HÀ NỘI — The Hồ Chí Minh Stock Exchange (HoSE) has updated its large-cap VN30 basket and changes will become valid on May 4.

The southern market regulator will not add or remove any stocks into/from the basket but adjust the weight of each stock.

Weight of Vietcombank shares (VCB) will increase by 1.31 per cent to 5.22 per cent. Those of Vietinbank (CTG) and Eximbank shares (EIB) will rise by 1.38 per cent and 1.59 per cent to 2.63 per cent and 2.83 per cent, respectively.

Other stocks whose weights will increase include petrol firm Petrolimex (PLX, 0.03 per cent), brewer Sabeco (SAB, 0.06 per cent) and conglomerate Vingroup (VIC, 0.04 per cent).

HoSE also lowers the weights of consumer firm Masan (MSN, 0.31 per cent), Techcombank (TCB, 0.32 per cent), and VPBank (VPB, 0.41 per cent).

The combined weight of nine listed banks now accounts for 35.21 per cent of the large-cap basket, followed by “Vin” companies – Vingroup, Vinhomes and Vincom Retail – with 14.96 per cent.

In addition, the VN30-based exchange-traded fund VFMVN30 ETF will complete overhauling its portfolio on April 29.

The fund is forecast to buy in VNĐ72.4 billion (US$3.08 million) worth of Vietcombank shares, VNĐ87.6 billion worth of Eximbank shares, and VNĐ76.2 billion worth of Vietinbank shares. — VNS

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