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- 1 change to the constituents of the FTSE Bursa Malaysia KLCI
- 5 new constituents to be added to FTSE Bursa Malaysia Mid 70 Index
- 3 new constituents to be added to FTSE Bursa Malaysia Hijrah Shariah Index
FTSE Russell announces that there will be one change to the constituents of the FTSE Bursa Malaysia KLCI, following the semi-annual review of the FTSE Bursa Malaysia Index Series today. IJM will be added to the index with SapuraKencana Petroleum being deleted.
The index series is reviewed semi-annually in accordance with the index ground rules.
Part of the FTSE Bursa Malaysia Index Series, the FTSE Bursa Malaysia KLCI is widely used by investors as the primary benchmark for the Malaysian market, including derivatives through FTSE Bursa Malaysia KLCI Futures (FKLI), FTSE Bursa Malaysia KLCI Options (OKLI). The benchmarks are also tracked by a number of index-linked financial products, such as exchange traded funds.
The FTSE Bursa Malaysia KLCI reserve list, comprising the five highest ranking non-constituents of the index by market capitalisation, will be Fraser & Neave Holdings, Gamuda, IOI Properties Group, Malaysia Airports and YTL Power International. The reserve list will be used in the event that one or more constituents are deleted from the FTSE Bursa Malaysia KLCI in accordance with the index ground rules during the period up to the next semi-annual review.
As a result of this review, Ekovest, Fraser & Neave Holdings, SapuraKencana Petroleum, UOA Development and YTL Hospitality REIT have been added to the FTSE Bursa Malaysia Mid 70 Index and Fraser & Neave Holdings, Kossan Rubber and Time Dotcom have been added to the FTSE Bursa Malaysia Hijrah Shariah Index. As a result IJM, Lafarge Malaysia, Media Prima, OSK Holdings and SP Setia will be deleted from the FTSE Bursa Malaysia Mid 70 Index and Lafarge Malaysia, MMC and SP Setia will be deleted from the FTSE Bursa Malaysia Hijrah Shariah Index.
All constituent changes take effect at the start of business on Monday, 19 December 2016 and the next review will take place in June 2017.
FTSE Group and Bursa Malaysia have partnered since 2006 to provide a suite of indexes for the Malaysian Market. Further information on the FTSE Bursa Malaysia Index Series review, including all additions and deletions as well as ground rules, is available at http://www.ftse.com/products/indices/bursa-malaysia.
