The Vietnamese stock market has shown positive signals since the beginning of 2025, with VN-Index increasing about 4% and surpassing 1,300 points. However, the VNDiamond index, also known as the diamond index, has decreased more than 5% during the same period due to the influence of some large stocks such as FPT, MWG, and PNJ. FPT has fallen 20% from its peak in January, while PNJ is at a one-year low with a nearly 16% drop since the beginning of 2025. MWG has an unstable performance and remains flat. VNDiamond will be restructured on April 21, 2025, with CTD likely to be added to the index, while VRE may be removed for not meeting foreign ownership (FOL) requirements. The VNDiamond index was created in November 2019, comprising around 10-20 stocks, reflecting the fluctuations of the corresponding securities. Stocks in the index may be removed if they do not meet the FOL criteria, facilitating foreign investors’ access to quality stocks in the market.
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