The Ho Chi Minh City Stock Exchange (HOSE) has recently introduced a new set of HOSE Index to reflect detail market data, increase investment chance of index investing, exchange trade fund, other derivative products, and create synchronization & comparability in index with other stock exchanges in the region.
The set includes VNMidcap, VNSmallcap, VN100, and VNAllshare, of which, VN30 comprises 30 stocks in the list of 50 leading stocks in market capitalization with daily highest trading volume in six months. Stocks in the list of 70 leading stocks in market capitalization (after excluding stocks in VN30 basket) will belong to VNMidcap.
These two baskets will make VN100.
VNAllshare will be classified by industries under VSIC2007 standards, including VN30, VNMidcap, and VNSmallcap.
New indexes will be applied in the first quarter of 2014. And in third quarter of 2014, HOSE will present industry indexes, such as finance-banking-insurance, real estate, and manufacturing.