No changes to constituents of FBM KLCI after index review

By MARK RAO

FTSE Russell said there will be no changes to the constituents of the FTSE Bursa Malaysia KLCI (FBM KLCI) Index, based on its semi-annual review of the local stock exchange.

The British-based global index provider said the FBM KLCI review was conducted last Thursday, with the next review to take place in December this year.

Meanwhile, the reserve list for the local bourse — which measures the performance of the top 30 listed companies in Malaysia — was also published last week, comprising five highest ranking non-constituents that will be used in the event that one or more constituents are deleted from the market.

The top ranked non-constituents by market capitalisation were Malaysia Airports Holdings Bhd, Gamuda Bhd, AirAsia Bhd, YTL Power International Bhd and Sapura Energy Bhd, with market capitalisations of RM15.07 billion, RM13.18 billion, RM10.72 billion, RM11.72 billion and RM11.2 billion respectively, as of last Friday.

The review also saw six new constituents added to the FBM Mid 70 Index, namely SP Setia Bhd, CapitaLand Malaysia Mall Trust, Serba Dinamik Holdings Bhd, Eco World International Bhd, Malaysian Pacific Industries Bhd and Petron Malaysia Refining & Marketing Bhd.

Both IOI Properties Group Bhd and SP Setia were added to the FBM Hijrah Shariah Index.

As a result, QL Resources Bhd, UEM Edgenta Bhd, Supermax Corp Bhd, Tropicana Corp Bhd, UMW Oil & Gas Corp Bhd and Hume Industries Bhd will be deleted from the Mid 70 Index, while Kossan Rubber Industries Bhd and QL Resources will be removed from the Hijrah Shariah Index.

All constituent changes will take effect on June 19 this year, up until the next review in December.

The FBM KLCI closed 13.84 points higher last Friday at 1,776.95.