KUALA LUMPUR: Sunway Bhd has been included as one of the 30 constituents of the FTSE Bursa Malaysia KLCI (FBM KLCI) while AMMB Holdings will be demoted to the FTSE Bursa Malaysia Mid 70 Index.
In a joint statement today, FTSE Russell and Bursa Malaysia Bhd said the changes were made following the semi-annual review of the FTSE Bursa Malaysia Index Series, which was done in accordance with the index ground rules.
FBM KLCI, which is part of the FTSE Bursa Malaysia Index Series, is widely used by investors as the primary benchmark for the Malaysian capital market, including the derivatives market, through the FTSE Bursa Malaysia KLCI Futures (FKLI) and the FTSE Bursa Malaysia KLCI Options (OKLI).
The benchmark index is also tracked by several index-linked financial products, such as exchange-traded funds.
Meanwhile, the FTSE Bursa Malaysia Mid 70 Index saw nine inclusions, namely Aeon Credit Service (M) Bhd , AMMB Holdings, IGB Real Estate Investment Trust , IJM, IOI Properties Group , Mega First, Pavilion Real Estate Investment Trust , Sime Darby Property and Sunway Construction Group.
The exclusions are AEON (M), Astro Malaysia Holdings , Berjaya Corp , Dagang Nexchange , Hibiscus Petroleum, Sunway, Ta Ann Holdings, TSH Resources, Uchi Technologies.
For the FTSE Bursa Malaysia Hijrah Shariah Index, the inclusion is Inari Amertron while the exclusion is Greatech Technology.
All constituent changes take effect on June 24, 2024, with the next review taking place in December 2024.
Meanwhile, the FTSE Bursa Malaysia KLCI reserve list, comprising the five largest non-constituents of the index by market capitalisation, are AMMB Holdings, Dialog Group , Gamuda, IOI Properties Group and Malaysia Airports.
The reserve list will be used if one or more constituents are removed from the FTSE Bursa Malaysia KLCI in accordance with the index ground rules during the period up to the next semi-annual review. – Bernama