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VCSC Daily - VNI inspired by ETF, HNX downtrend extended

Market Commentary

17 Sep 2012

Our view: The news front has been fairly quiet lately, explaining why the Van Eck’s Market Vectors Vietnam (VNM) Q3 rebalancing became the buzzword today. Our attempt to calculate the impact of the changes on the constituent weights of the VNM, based on stock price data of 14 September, revealed that STB, BVH, ITA, PPC and VCB will be the tickers with most additions required to match up the increased weightings. On the other hand, CTG and DPM are the two tickers which might see reduced weights.

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