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.
KLCC Prop & Reits – Stapled Sec and Telekom Malaysia will replace AMMB Holdings and Malaysia Airports in the index. 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) and 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 QL Resources, Westports Holdings, Fraser & Neave Holdings, Kossan Rubber and Gamuda.
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, AMMB Holdings, Axis Real Estate Investment Trust, Datasonic Group, Malaysia Airports, Mega First and MI Technovation have been added to the FTSE Bursa Malaysia Mid 70 Index.
Berjaya Corporation, Hibiscus Petroleum, Pavilion Real Estate Investment Trust, Pos Malaysia, Telekom Malaysia and UMW Holdings have been removed from the FTSE Bursa Malaysia Mid 70 Index.
For the FTSE Bursa Malaysia Hijrah Shariah Index, new additions are Digi.com, MY E.G. Services and Supermax Corporation. As a result, AirAsia Group, SP Setia and UMW Holdings will be deleted from the FTSE Bursa Malaysia Hijrah Shariah Index.
All constituent changes take effect at the start of business on June 22 and the next review will take place in December 2020.