PVN Index expected to launch in Jul
Representative of PetroVietnam Securities Inc (coded PSI) has lately announced that the PVN Index could not be released to public in June because the securities firm needed to finish some procedures.
In an interview with GAFIN.vn, Pham Quang Huy, PSI’s director revealed that the PVN Index is now likely to be introduced to the public in mid July.
Up to December this year, the index would be operated in real time mode, the operation mode that was based on real transaction time in the stock market. At present, PVN Index has been operated in End of Day mode only.
The PVN Index is one of measurement scale reflecting business performance of 30 enterprises under Vietnam National Oil and Gas Group (PetroVietnam – PVN) that have listed shares on Hanoi Stock Exchange (HNX) and Hochiminh Stock Exchange (STC), and the UPCoM market.
The PVN Index family includes three main groups. The first group would contain representative indexes, including PVN All Share index (reflecting the share codes of 30 firms listing shares in stock market), PVN All Share Continuous Index (including shares in real time), PVN All Share HNX (18 shares listed on HNX) and PVN All Share HSX (for 12 firms listed shares on STC).
The second group includes tradable or investable index or PVN 10, containing 10 shares in petroleum industry, of which PVX, DPM and PVS have counted for about 50 percent in PVN 10. The investable index would not only take into account the size and liquidity of the components but also their free float factor and relative weight in the index.
The third group includes the sector index. Accordingly, PVN Index would be divided into six sectors including PVN Basic Materials, PVN Consumer Services, PVN Financials, PVN Industrials, PVN Oil and Gas, and PVN Utilities.
The PVN Index is available in four currencies, including euros, US dollar, dong and Japanese yen. The PVN Index is developed following international standards, as well as published on prestigious financial media like Bloomberg.
Category: Stocks
