PETALING JAYA: Larger banks, plantation companies and the Telekom group are among the counters that may gain when the 100-stock KL Composite Index (KLCI) is trimmed to 30 large and liquid stocks.
Effective July 6, the move will see the new primary index renamed FTSE Bursa Malaysia KLCI or FBM KLCI, while its constituents would be ranked according to share-capital free float and would be similar to the existing FTSE Bursa Malaysia Large 30 (FBM30) index.
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