GEORGE TOWN (Sept 18): Felda Global Ventures Holdings Bhd, UEM Sunrise Bhd and Supermax Corp Bhd have been removed from the Dow Jones Islamic Market Malaysia Titans 25 Index’s list of stocks in the benchmark index’s latest quarterly review.

In a filing with Bursa Malaysia today, i-VCAP Management Sdn Bhd, the manager of MyETF Dow Jones Islamic Market Malaysia Titans 25 (MYETFDJ), said it has been informed by S&P Dow Jones Indices that QL Resources Bhd, MyEG Services Bhd and Kossan Rubber Industries Bhd will replace the three companies that were removed.

“As a result of the review, three stocks were added and three stocks were removed from the benchmark index, while the weightings of the remaining stocks in the benchmark index have changed,” it added.

It added that the weightings of the remaining stocks in the benchmark index have changed based on closing prices as at Sept 11 compared with the second quarter closing prices on June 12.

Eight companies that showed decreased weightings comprise Axiata Group Bhd, Sime Darby Bhd, Telekom Malaysia Bhd, Gamuda Bhd, Cahya Mata Sarawak Bhd, Hartalega Holdings Bhd, Berjaya Auto Bhd, and Inari Amertron Bhd.

Those with increased weightings are DiGi.Com Bhd, IHH Healthcare Bhd, Petronas Chemicals Group Bhd, Maxis Bhd, MISC Bhd, Petronas Gas Bhd, Kuala Lumpur Kepong Bhd, Petronas Dagangan Bhd, Dialog Group Bhd, Westports Holdings Bhd, Lafarge Malaysia Bhd, Top Glove Corp Bhd, Genting Plantations Bhd, and KPJ Healthcare Bhd.

“The changes shall take effect after the close of trading on Sept 18,” i-VCAP Management said.

The index rose two sen or 1.38% to close at RM1.11 today.

(Note: The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)