AirAsia, Petronas Chemicals added to FTSE Value-Stocks Asean Index

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KUALA LUMPUR (May 13): Two Malaysian stocks, AirAsia Group Bhd and Petronas Chemicals Group Bhd, are among latest additions to FTSE Russell's  FTSE Value-Stocks Asean Index.  

Genting Group's Singapore operations subsidiary, Genting Singapore Plc, has also been added as a constituent in the index.  

In a statement today, FTSE Rusell said the changes will become effective after the close of business on Friday May 17. 

Meanwhile, three Malaysian stocks have been excluded from the list, as part of the review. They are Sime Darby Property Bhd, MISC Bhd and RHB Bank Bhd. 

FTSE Russell does its review on the FTSE Value-Stocks Asean Index, semi-annually.    

The FTSE Value-Stocks Asean Index is made up of about 50 value stocks from five Asean countries, namely Indonesia, Malaysia, the Philippines, Thailand and Singapore.