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FBM KLCI Review: It’s in for Mr DIY and out for Supermax

Mr DIY confirmed as FBM KLCI component stock following constituents review

Mr DIY confirmed as FBM KLCI component stock following constituents review

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KUALA LUMPUR (June 3): As predicted by analysts, Mr DIY Group (M) Bhd will be included in the benchmark FBM KLCI index while Supermax Corp Bhd has been excluded following the semi-annual review of the index constituents.

In a statement today, FTSE Russell and Bursa Malaysia Bhd said the KLCI reserve list, which comprises the five highest-ranking non-constituents of the index by market capitalisation, will consist of Westports Holdings Bhd, QL Resources Bhd, Supermax, Kossan Rubber Industries Bhd and Inari Amertron Bhd.

“The reserve list will be used if one or more constituents are deleted from the FTSE Bursa Malaysia KLCI in accordance with the index ground rules during the period up to the next semi-annual review,” said FTSE Russell and Bursa Malaysia.

Meanwhile, there will be five new inclusions into the FBM Mid 70 Index, namely D&O Green Technologies Bhd, Greatech Technology Bhd, Hong Leong Industries Bhd, Supermax and UMW Holdings Bhd.

Datasonic Group Bhd, Ekovest Bhd, IOI Properties Group Bhd, KLCC Stapled Group Bhd and Mr DIY were removed from the FBM Mid 70 Index.

The FBM Hijrah Shariah Index saw the addition of Mr DIY and Press Metal Aluminium Holdings Bhd, replacing Supermax and Yinson Holdings Bhd.

For the FBM EMAS Index, there will be 39 inclusions and five deletions, which will expand the number of constituents to 316, with these newly included companies to be assessed for their environmental, social and governance (ESG) performance and disclosures in accordance with the FTSE4Good Ratings Model in the next review cycle.

Companies that meet the inclusion criteria by addressing and putting in measures to mitigate their material ESG risks will be included in the FTSE4Good Bursa Malaysia Index.

“All constituent changes take effect at the start of business on Monday, June 21, 2021. The next review will take place in December 2021,” said FTSE Russell and Bursa Malaysia.

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Mr DIY set to replace Supermax as KLCI constituent, say analysts

S Kanagaraju