The Ho Chi Minh Stock Exchange (HoSE) has announced the rules for managing the modern industrial and technology stocks index (VNMITECH), which will consist of 30 to 50 selected stocks. These stocks will be picked from the VNAllshare Materials, Industrials, and Information Technology indices, with a minimum market capitalization of 1.5 trillion VND and daily trading volume of 20 billion VND. The VNAllshare Materials index includes 42 stocks with a total market capitalization of 500 trillion VND, while the Industrials index has 74 stocks valued at 450 trillion VND. The Information Technology index features only five stocks, including FPT, totaling about 180 trillion VND. The index composition will be updated semi-annually in January and July, with weights, volumes, and limits reviewed quarterly. The VNMITECH index will be calculated based on market capitalization adjusted for free-float and updated every 5 seconds on trading days.
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