FTSE recently announced it will add ROS, HBC and DXG to its FTSE Vietnam Index in the first quarterly review of 2017.
|FLC Faros Construction (ticker ROS) will be included in FTSE Vietnam Index from March 20. - Photo flc.vn |
FTSE, a London-based provider of indexes, late on March 3 announced that it would add three tickers FLC Faros Construction (ROS), Hoa Binh Construction (HBC) and Đat Xanh Real Estate Service & Construction (DXG) to its FTSE Vietnam Index in the first quarterly review of 2017.
FTSE, in the meantime, will remove five other Vietnamese stocks namely KDC, PVT, PDR, HVG and HQC from the basket for calculation of the index.
FTSE Vietnam Index is the underlying index for db x-trackers FTSE Vietnam UCITS ETF, run by Deutsche Bank, one of the two most active foreign-run ETFs in Viet Nam.
The changes will be applied after the close of business on Friday, 17 March 2017 and will be effective on Monday, 20 March 2017, FTSE said in a statement.
Together with Hoang Huy Investment Financial Services (TCH), ROS was also added to the FTSE Vietnam All-Share Index while Hung Vương JSC (HVG) and real estate developer HQC were deleted.
According to Saigon Securities (SSI) and BIDV Securities (BSC), FTSE Vietnam UCITs ETF would buy in between 4 million and 4.7 million shares of ROS to refresh its portfolio.
US-based MSCI Inc on February 10 included ROS and brewer Sabeco (SAB) into the basket for calculation of the MSCI Frontier Markets Index.
The stock price of ROS ended down 0.6 per cent at VND167,000 (US$7.32) per share on Wednesday, up 12.15 per cent from the close on February 28.