A trader looks at trading screens. The HoSE excluded three stocks from the VN30 basket for January 2021. — VNA/VNS Photo

The Ho Chi Minh Stock Exchange (HoSE) just announced the latest update to the VN30-Index, VNDiamond Index and VNFinLead Index for January 2021.

For the VN30-Index, the HoSE eliminated FLC Faros Construction Joint Stock Company (ROS), Saigon Beer – Alcohol – Beverage Corporation (SAB) and EXIMBANK (EIB). Previously, analysts from equities firms said that SAB and EIB shares violated valuation standards and order volumes, while ROS shares broke the capitalisation criteria.

On the other hand, the exchange added three others to the VN30 basket, including Bao Viet Holdings (BVH), Phat Dat Real Estate Development JSC (PDR) and Tien Phong Commercial Joint Stock Bank (TPB).

The update was not a shock to the market as most domestic equities firms expected the result. According to KB Securities Vietnam JSC (KBSV), exchange trade funds like VFMVN30 ETF, SSIAM VN30 ETF, MAMF VN30 ETF are expected to buy about 9.2 million shares of TPB, 2.2 million shares of PDR and over 1 million shares of BVH.

For the VNDiamond Index, the HoSE kept its portfolios unchanged, while adding four more stocks to VNFinLead including BVH, VNDirect Securities Corporation (VND), Viet Capital Securities JSC (VCI) and TPB. With the addition of these four stocks, the number of portfolios in VNDiamond basket increased to fifteen.

SSIAM VNFinLead will buy another 473,000 shares of TPB, 81,000 shares of VCI, 93,000 shares of BVH and 83,000 shares of VND, KBSV wrote in its forecast. — VNS