FTSE Russell, Bursa say no changes to KLCI constituents

FTSE Russell, Bursa say no changes to KLCI constituents

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KUALA LUMPUR (Dec 6): FTSE Russell and Bursa Malaysia Bhd said there will be no changes to the constituents of the FTSE Bursa Malaysia (FBM) KLCI, following the semi-annual review of the FBM Index Series yesterday (Dec 5).

In a joint statement yesterday, FTSE Russell and Bursa Malaysia said the index series is reviewed semi-annually in accordance with the index ground rules.

"The FBM KLCI reserve list, comprising the five highest ranking non-constituents of the index by market capitalisation, will be Westports Holdings, Telekom Malaysia, Fraser & Neave Holdings, QL Resources and Gamuda. The reserve list will be used in the event that one or more constituents are deleted from the FBM KLCI in accordance with the index ground rules during the period up to the next semi-annual review.

"The new additions for the FBM Mid 70 Index are Leong Hup International, MMC Corp and Syarikat Takaful Malaysia Keluarga. As a result, Malayan Cement, Muhibbah Engineering and YTL Power International will be deleted from the FBM Mid 70 Index. For the FBM Hijrah Shariah Index, new additions are AirAsia Group, Dialog Group and Kossan Rubber. As a result, Digi.Com, Petronas Dagangan and Sunway will be deleted from the FBM Hijrah Shariah Index," FTSE Russell and Bursa Malaysia said.

FTSE Russell and Bursa Malaysia said all constituent changes take effect at the start of business on December 23, 2019 and the next review will take place in June 2020.