KUALA LUMPUR (Dec 7): AMMB Holdings Bhd shares rose 2.79% after it was included into the benchmark FBM KLCI index of 30 stocks.

At 9.05am, AMMB rose 12 sen to RM4.42 with 961,100 shares traded.

CIMB IB Research in a strategy note Dec 6 said it was suprised at the inclusion of AMMB into the list.

“This could be near-term positive for AMMB,” it said.

The inclusion into the KLCI index will be effective Dec 24.