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HOSE releases updates for VN30 basket

The HCM Stock Exchange has announced the latest update to the blue-chip VN30 Index for the next six months from July 23 to January 1, 2019.

The VN30 Index tracks down the performance of the 30 largest stocks on the HCM Stock Exchange by market capitalisation and trading liquidity.

The latest update of the large-cap stock basket includes three new stocks: Phu Nhuan Jewellery JSC (PNJ), Vietnam Prosperity Joint Stock Commercial Bank (VPB) and Vincom Retail (VRE).

PNJ surged 6.2 per cent on Monday, while VPB edged up 0.7 per cent and VRE jumped 3.6 per cent.

In return, Bank for Investment and Development of Viet Nam (BID), insurer Bao Viet Holdings (BVH) and PetroVietnam Power Nhon Trach 2 JSC (NT2) are the three stocks that have been axed.

BID finished Monday up 2.8 per cent, BVH increased by 1.7 per cent and NT2 rose 0.6 per cent.

The VN30 Index is used by investment funds, financial firms and market regulator as a reference benchmark index.

The derivatives market, run by the Ha Noi Stock Exchange, is using the VN30 Index to develop four futures contracts that will mature on the 18th of July, August, September and December, 2018.

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