FTSE Group (“FTSE”), the award-winning global index provider, and Bursa Malaysia Berhad (“Bursa Malaysia”) have confirmed there will be no changes to the constituents of the FTSE Bursa Malaysia KLCI, following the semi-annual review approved by the FTSE Bursa Malaysia Index Advisory Committee today.
This is the first time that the FTSE Bursa Malaysia KLCI’s constituents have remained unchanged after a semi-annual review, since the transition of KCLI in July 2009.
The FTSE Bursa Malaysia KLCI is widely used by investors as the benchmark for the Malaysian market. The indices are reviewed semi-annually by the independent FTSE Bursa Malaysia Index Advisory Committee to ensure compliance with a set of transparent and publicly available index rules. This is essential as the indices are used to benchmark investment portfolios and as the basis of the FTSE Bursa Malaysia KLCI ETF, FTSE Bursa Malaysia KLCI Futures (FKLI), FTSE Bursa Malaysia KLCI Options (OKLI) and other index-linked financial products including warrants.
The FTSE Bursa Malaysia KLCI reserve list, comprising the five highest ranking non-constituents of the index by market capitalisation, will be (in order of full market capitalisation) IJM, UEM Land Holdings, Malaysia Marine and Heavy Engineering Holdings, AirAsia and Batu Kawan. Companies in the reserve list will replace constituents that become ineligible as a result of corporate actions before the next review.
The changes to
the FTSE Bursa Malaysia Mid 70 Index are detailed below:
|
Inclusions |
Exclusions |
1 |
Malaysia Marine and Heavy Engineering Holdings |
Amway (Malaysia) Holdings |
2 |
United Plantation |
Puncak Niaga Holdings |
3 |
Sunway Real Estate Investment Trust |
Starhill Real Estate Investment Trust |
The FTSE Bursa
Malaysia Hijrah Shariah Index, a tradable index of 30 stocks to be used as the
basis for international Shariah-compliant products, was also reviewed and the
following changes were approved:
|
Inclusions |
Exclusions |
1 |
PETRONAS Chemicals Group |
PPB Group |
2 |
Malaysia Marine and Heavy Engineering Holdings |
Hap Seng Plantations Holdings |
3 |
Batu Kawan |
KNM Group |
4 |
United Plantations |
AEON Co (M) |
All constituent changes take effect at the start of business on 20 December 2010 and the next review will take place on 9 June 2011.
Further information on the FTSE Bursa Malaysia Index Series review including all additions and deletions as well as ground rules are available at www.ftse.com/bursamalaysia. Index codes and performance information is available at www.ftse.com/bursamalaysia and www.bursamalaysia.com.