PVN to build PVN Index set

The set of indicators will include all subsidiaries under the Vietnam National Oil and Gas Group (PetroVietnam-PVN) which are listing shares on Hochiminh Stock Exchange (STC), Hanoi Stock Exchange (HNX) and UPCoM.

PVN-index is built according to the international standards to create reliable reference index, fully reflecting the fund operations of PVN’s offshoots, help local and foreign investors better understand the growth of the entire stocks of oil and gas sector, and support the investment in the oil and gas stocks.

The set of indicators are calculated according to both the price index and the return index (including dividends). Each index is calculated with three currencies: euro, US dollar and dong. Historical data is restored from December 31, 2008.

The completed PVN Index includes will include 66 indicators.
PVN now has 39 subsidiaries which are listing and trading shares on secondary market with the capitalisation of 62.618 trillion dong (till early May 2011), accounting for 8.56 percent of the market capitalisation. – DTCK

Tags: PVN, PVN Index

Posted by VBN on May 31 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry