KUALA LUMPUR (June 4): Telekom Malaysia Bhd and KLCC Prop & REIT — Stapled Sec (KLCCP) were today named as component stocks of Bursa Malaysia KLCI, following the bi-annual review of the index series.

Effective June 22, KLCCP and TM will replace AMMB Holdings Bhd and Malaysia Airports Holdings Bhd (MAHB), FTSE Russell and Bursa Malaysia said in a statement.  

KLCCP boasts a market capitalisation of RM14.77 billion while TM is valued at RM16.31 billion, higher than RM9.83 billion for AMMB and RM9.62 billion for MAHB.

On the KLCI reserve list — comprising the five biggest non-KLCI companies by market capitalisation — are QL Resources Bhd, Westports Holdings Bhd, Fraser & Neave Holdings Bhd, Kossan Rubber Industries Bhd and Gamuda Bhd.

As a result of the reshuffle, AMMB and MAHB have been added to the FTSE Bursa Malaysia Mid 70 Index, alongside Axis Real Estate Investment Trust (REIT), Datasonic Group Bhd, Mega First Corp Bhd, and MI Technovation Bhd, the statement said.

Meanwhile six companies have been removed from the Mid 70 Index, namely Berjaya Corp Bhd, Hibiscus Petroleum Bhd, Pavilion REIT, Pos Malaysia Bhd, UMW Holdings Bhd as well as TM, it added.

FTSE Russell and Bursa Malaysia also announced new additions to the Bursa Malaysia Hijra Shariah Index, namely DiGi.com Bhd, MY E.G. Services Bhd and Supermax Corp Bhd.

“As a result, AirAsia Group Bhd, S P Setia Bhd and UMW Holdings will be deleted from the FTSE Bursa Malaysia Hijrah Shariah Index,” it added.

The next review, it said, will take place in December 2020.