The Hanoi Stock Exchange (HNX) held a conference on May 22 to launch the HNX30 Index which tracks the movement of 30 leading shares by market capitalization and liquidity and is a free-float adjusted index.
Enterprises chosen in the basket are those meeting standards of liquidity and listings. They are not under supervision, warning or restricted trading on the exchange. The selection of stocks included in HNX30 will be adjusted every six months.
HNX30 Index is expected to help develop index-based trading products such as ETF (Exchange Traded Fund) and stock index future contracts.
Hanoi Stock Exchange will launch the new indicator by the end of June, 2012.