.jpg)
- Two changes to the constituents of the FTSE Bursa Malaysia KLCI
- Six new constituents to be added to FTSE Bursa Malaysia Mid 70 Index
- Three new constituents to be added to FTSE Bursa Malaysia Hijrah Shariah Index
FTSE Russell and Bursa Malaysia announced that there will be two changes to the constituents of the FTSE Bursa Malaysia KLCI, following the semi-annual review of the FTSE Bursa Malaysia Index Series today. Nestle (Malaysia) and Press Metal Aluminium Holdings will replace British American Tobacco (Malaysia) and IJM in the index.
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 capitalization, 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. The reserve list are Hartalega Holdings, Malaysia Airports, Dialog Group, Lotte Chemical Titan Holding and Gamuda.
The new additions for the FTSE Bursa Malaysia Mid 70 Index are British American Tobacco (Malaysia), IJM, Gas Malaysia, Hengyuan Refining Company, Lafarge Malaysia and Lotte Chemical Titan Holding. As a result, Karex, Mah Sing Group, Malaysia Marine and Heavy Engineering Holdings Bhd, Press Metal Aluminium Holdings, Taliworks and TMC Life Sciences will be deleted from the FTSE Bursa Malaysia Mid 70 Index.
For the FTSE Bursa Malaysia Hijrah Shariah Index, new additions are IOI, Lotte Chemical Titan Holding and Nestle (Malaysia). Digi.com, KPJ Healthcare and MISC will be deleted from the FTSE Bursa Malaysia Hijrah Shariah Index.
All constituent changes take effect at the start of business on Monday 18 December 2017 and the next review will take place in June 2018.
The index series is reviewed semi-annually in accordance with the index ground rules.
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
