FBM KLCI lifts funds’ interest in blue chips

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI, which tracks the top 30 Malaysian companies on the local stock exchange, has placed more blue-chip stocks on the radar of foreign institutional investors as well as fund managers since it was implemented a year ago.

FTSE Group (index research) director Jamie Perrett said the FBM KLCI had managed to highlight some of the better performing stocks on Bursa Malaysia to investors, especially foreign ones, besides being an index to gauge Malaysian stocks.