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HoSE plans to announce the new component stocks of the VN-Diamond index on 20 April 2026, along with the index’s official effective date on 04 May 2026. Accordingly, index-tracking funds are expected to restructure their portfolios no later than 01 May 2026.
In this cycle, Mirae Asset forecasts that KDH will be placed on the watchlist for removal from the component stock basket due to continued failure to meet the minimum Free Float Level (FOL) of 65% (61.8%) under the index basket formation rule in Section 3.7, calculated using data as of 31 March 2026.
Under the watchlist mechanism, KDH’s weight contribution is expected to be reduced by 50% from prior levels, which would translate into a modest contribution drop to 0.8%.
In the next semiannual review in July 2026, KDH is likely to be officially removed from the VN-Diamond basket if its FOL does not improve to above 65%.
At the same time, FPT is expected to be increased in weight. Since the start of 2026, FPT has faced significant net selling pressure from foreign investors, with an estimated value of 9,350 billion dong. Mirae Asset notes this is equivalent to 80% of 2025’s net outflows and represents about 30% of the market’s total net selling to date.
This selling pressure has contributed to relatively weak performance for FPT, with the stock down 22% from the year’s start, compared with the VN-Index’s -6.1%. As a result, FPT’s contribution weight is projected to fall to 11.5% from a previous ceiling of 15%.
Despite the weaker performance, Mirae Asset expects FPT’s weight to be restored to 15% because the capitalization cap is planned to be loosened to 80% (from the prior period). The adjustment is also stated to fully offset the negative impact from the second cut of the FOL-contribution cap to 50% (-25%).
Mirae Asset also notes that, in this evaluation period, most stocks showing significant fluctuations in contribution weights are linked to changes in the number of freely tradable shares. After the restructuring, the highest-weight components are expected to include FPT (15%), MWG (15%), PNJ (10.9%), TCB (9.0%), and GMD (7.5%).
For the banking sector, the maximum contribution weight is expected to remain at 40%, with the capitalization cap kept around 18% as in the prior period.
Bitcoin (BTC) investors who use steady dollar-cost averaging (DCA) may be underperforming versus strategies that adjust exposure to the market’s cycle, according to new research arguing that Bitcoin’s behavior differs from traditional long-duration assets.
In a report cited by Markus Thielen of 10x Research, Bitcoin’s market…
