Nestle, Press Metal to be added to FBM KLCI list of component stocks

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KUALA LUMPUR (Nov 30): Nestle (M) Bhd and Press Metal Bhd, both of which had seen their share prices hitting record highs recently, will be added to the FBM KLCI list of 30 component stocks, following a semi-annual review on Bursa Malaysia’s index series.

Meanwhile, British American Tobacco (M) Bhd (BAT) and IJM Corp Bhd will be dropped from the benchmark index, according to press statements released today.  

The new additions for the Mid 70 index are BAT, IJM Corp, Westports, Gas Malaysia Bhd, Hengyuan Refining Company Bhd, Lafarge Malaysia Bhd and Lotte Chemical Titan Holding Bhd.

This will result in Karex Bhd, Mah Sing Group Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Press Metal, Taliworks, TMC Life Sciences Bhd, Datasonic Group Bhd, and AirAsia X Bhd being removed from the list.

Meanwhile, Bursa Malaysia’s Hijrah Shariah index will see the additions of IOI Corp Bhd, Lotte Chemical, and Nestle (M) Bhd to its list while Bhd, KPJ Healthcare Bhd, MISC Bhd, Time Dotcom Bhd, and UEM Sunrise Bhd will be removed.

The reserve list are Hartalega Holdings, Malaysia Airports, Dialog Group, Lotte Chemical Titan Holding and Gamuda, the statement read.

The KLCI reserve list on Bursa Malaysia, which comprise the five highest ranking non-constituents of the index by market capitalization, will be used in the event that 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.

It is also worth noting that Westports Holdings Bhd and Sime Darby Property (M) Bhd, which made its debut on the stock exchange this morning, will be dropped from the benchmark index.