KUALA LUMPUR (June 14): Bursa Malaysia Bhd has announced six new additions to the constituents of the FTSE4Good Bursa Malaysia (F4GBM) Index, while four were removed from the list following the semi-annual review today.
The six additions into the F4GBM Index are DKSH Holdings (M) Bhd, Heineken Malaysia Bhd, Mah Sing Group Bhd, MNRB Holdings Bhd, Pos Malaysia Bhd and Unisem (M) Bhd.
Meanwhile, George Kent (Malaysia) Bhd, IOI Properties Group Bhd, KLCCP Stapled Group and Top Glove Corp Bhd were excluded from the list.
Following the latest index review, the total number of constituents will be 76 (+217%). All constituent changes take effect at the start of business on June 21 (Monday), said Bursa Malaysia in a statement.
The F4GBM Index measures the performance of public listed companies (PLCs) demonstrating strong environmental, social and governance (ESG) practices.
The index was launched in December 2014 with a total of 24 constituents.
The number of constituents has grown to 75 (+213%) as at the last index review in December 2020. The number of constituents as of February was 74, due to the delisting of Chemical Company of Malaysia Bhd.
The F4GBM Index constituents are drawn from the companies on the FTSE Bursa Malaysia EMAS Index, comprising PLCs from across the small, medium and large market capitalisation segments. The index is reviewed in June and December against international benchmarks.
Bursa Malaysia and FTSE Russell have been conducting outreach programmes to encourage and support companies in improving their ESG disclosures and practices, the statement noted.
It added that the continuous increase in the number of constituents reflects the benefits of these programmes, in addition to other efforts catalysing PLCs towards ESG best practices.