What is the VN Diamond Index?

 

There are many stock indices on the market today, making some new investors confused and confusing. One of them is the VN Diamond index.



What is the VN Diamond Index?

It is the Vietnam Diamond stock index

The biggest difference between VN Diamond and other indices comes from the FOL coefficient

Stocks with a FOL of at least 95% will be considered for inclusion in the VN Diamond basket.

All right



The VN Diamond or Vietnam Diamond Index is an index of Vietnam Diamond stocks. This is a stock index published by the Ho Chi Minh Stock Exchange (HSX) on November 18, 2019.


According to the rule issued by HSX (HOSE), VN Diamond will have about 10 to 20 component shares. Up to the present time, this index is reflecting the movements of 18 stocks.


The biggest difference between VN Diamond and other indices comes from the FOL (Foreign Ownership Limit) factor. This is the coefficient reflecting the proportion of foreign investors holding shares in comparison with their limited shareholding rate. Stocks with a FOL of at least 95% will be considered for inclusion in the VN Diamond basket.



What are the characteristics and conditions to enter the basket of VN Diamond?

Market capitalization was over 2,000 billion VND with stocks in VNAllshare basket and over 5,000 billion VND with the other group


The capitalization value that foreign investors can buy is up to VND 200 billion


The minimum matching trading value is VND 15 billion / day for the group of stocks outside VNAllshare. VND 50 billion / day for VNAllshare group

All right


The criteria for the Ho Chi Minh City Stock Exchange (HOSE) to choose stocks for the VN Diamond index are as follows:


Number of component shares: 10 to 20 shares

Market capitalization was over 2,000 billion VND with stocks in VNAllshare basket and over 5,000 billion VND with the other group

Cap weight limit: 15% for individual stocks and 40% for shares in the same industry

The capitalization value that foreign investors can also buy is up to VND 500 billion

The minimum matching trading value is VND 15 billion / day for the group of stocks outside VNAllshare. VND 5 billion / day for VNAllshare group

Foreign investors' shareholding ratio (FOL) minimum 95%

Previous Post Next Post

Recent in Sports

Join our Team