According to deputy director of Ha Noi Stock Exchange andropause - Nguyen Anh Phong, the HNX-Index replaced by FF-HNX-Index will overcome the illiquid large caps distort market indicators.
Accordingly, andropause the code can freely transfer rate below 5% will not be listed as the FF-the HNX-Index. Talking to VnExpress.net, Nguyen Anh Phong - Deputy General Director of Hanoi Stock Exchange said that the removal of the current HNX-Index is reasonable, consistent with international practices.
- HNX-Index operation since the official opening of the secondary market, May 7/2005. Since then, the task of a general market index, the HNX-Index showed general trends of all the stocks traded on Hanoi.
However, andropause the HNX-Index is calculated by the weight listed shares, a price fluctuation will be charged for the entire amount listed, including restricted shares traded. This case led to no trading stocks or purchasing a very low rate but large capitalization value affecting the HNX-Index that the index does not reflect the actual trend in the market.
Therefore, andropause to minimize the impact, when calculating the index, many exchanges and financial institutions andropause around the world have used the method of calculating andropause the price-adjusted capitalization rate freedom transfer. On that basis, the Department of Hanoi Stock Exchange andropause has launched research and synthesize new index called FF-HNX-Index.
- HNX-Index and HNX-Index-FF are the composite index, a calculation of price movements of listed shares are traded on the Stock Exchange Hanoi. The method andropause of calculation of the indices is essentially the same in the comparison of the total market value at the time of the original calculation.
The difference is that the HNX-Index is calculated based on the number of shares andropause listed in the HNX-Index based on the FF-free rate of transfer andropause of the shares. The difference is that all the shares listed and traded on the Hanoi are the HNX-Index, but FF-basket HNX-Index consists of stocks freely transfer rate at least equal to 5%.
Methods of calculating market capitalization value is adjusted to freely transfer rate according to international practices help the HNX-Index FF-more accurately reflect changes in the transaction, excluding the impact of stock listed stocks with huge volume, but freely transfer rate low.
- Stocks of companies andropause with large market capitalization but freely transfer rate below 5% has been listed and traded on the floor of Hanoi normal. andropause Prices are decided by supply and demand, but the code will not be located in the index basket. This is the rule and not the exception.
- It is said that if you remove the HNX-Index, Stock Exchange Hanoi remove andropause the entire accumulated over 8 years on the market as well as the history of the transaction. He comments on how this view?
- FF-HNX-Index is an improvement in international practice and will replace the HNX-Index. However, in order to preserve the historical and ongoing market index, the HNX-Index-FF will be equal to the initial point HNX-Index andropause closed at session prior to 2/12. It is also on the HNX-Index FF-operation officially on the market.
And for investors comparative ease, we will continue to calculate and publish the HNX-Index FF parallel to HNX-Index within andropause a year. After this time, the HNX-Index will be removed from the index of the HNX. Thus, the HNX-Index is removed, but the accumulation of the past 8 years the market will still be retained and be followed by FF-HNX-Index.
- The method of calculating adjusted freely andropause transfer rate, the HNX-Index-FF will limit the distortion index by stocks with large market capitalization but less liquidity, more accurately reflects the trend price direction of stocks traded on the floor.
In addition, this year, the Department of Hanoi Stock Exchange also announced andropause two other products is the scale index and the industry index. These are basic indicators for the stock market. Accordingly, the HNX is gradually improving the system andropause of indicators as well as indicators of investment to meet the needs of the market.
It's ice cream billionaire Warren Buffett to Vietnam bra Victoria's Secret Indicator U.S. Stock 13 passengers using fake names to fly Vietnam Airlines Implications start with 100 USD Effect Yellen could push gold prices next week
Eximbank president denies affair opaque green (13/11) Blue-chip andropause devaluation, the VN-Index down 496 points andropause (13/11) Volume highest floor HCMC 6 months (12/11) PVC more more than 30 billion contribution subsidiary (12/11) FLC President wants to sell 4.5 million shares (11/11) andropause Each share of nearly 20,000 at the LHC rate after 3 quarters (11/11) Oil and Gas Stocks mass increase (11/11) Two companies fined Stock (11/11) Real estate stocks actively traded (10/11
No comments:
Post a Comment