Vincom Retail poised to join ETF portfoliosSaturday, March 3,2018
AsemconnectVietnam - Vincom Retail could be added into the investment portfolios of the two major foreign-run exchange traded funds (ETFs) on the Vietnamese securities market: FTSE Vietnam ETF and VNM Vietnam ETF.
BIDV Securities Corporation (BSC) said in a report that FTSE Vietnam ETF would buy 13.5 million shares of Vincom Retail, equal to 8.9% of the fund’s investment portfolio.
The two Vietnamese brokerages made their forecast based on trading data recorded on February 23.
Vincom Retail could be bought by the two major ETFs as the company shares had qualified for the requirements of the two funds such as market capitalisation, trading liquidity and free-floating share ratio and the company had been trading on the stock market for more than three months.
Vincom Retail started trading more than 1.9 billion shares on the HCM Stock Exchange (HoSE) on November 6, 2017, coded VRE.
VRE closed February 26 at VND55,000 (US$2.44) per share, having climbed 20.6% since February 9.
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