PETALING JAYA: Bursa Malaysia, together with FTSE, is expected to unveil the FTSE Bursa Malaysia Index Series later this week at the Invest Malaysia Conference.
According to sources, this new series is expected to comprise six indices, among which are FTSE Bursa Malaysia Emas Index, FTSE Bursa Malaysia 100 Index, FTSE Bursa Malaysia Large 30 Index and FTSE Bursa Malaysia Mid 70 Index.
The introduction of the new indices was not expected to affect the strategies of fund managers, as the existing KL Composite Index (KLCI) is maintained and will run concurrently, the source said.
But, the FTSE Bursa Malaysia Emas Index is expected to replace the current all-share Emas Index. The source said some of these indices would be tradable indices, while some were meant to be new benchmarks.
“There is a possibility that the KLCI may be replaced by the FTSE Bursa Malaysia Large 30 Index, if there is a high co-relation between the KLCI and the FTSE Bursa Malaysia Large 30 Index,” he added. The new series is expected to include Bursa's main board companies.
According to the source, the FTSE Bursa Malaysia Large 30 Index could include IOI Corp Bhd, Petronas Gas Bhd, Malayan Banking Bhd, YTL Corp Bhd, Astro All Asia Networks plc, Maxis Communications Bhd and Public Bank Bhd.
Bursa and FTSE are expected to introduce sector indices, custom indices and Islamic indices later.
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