Visitors having a closer look at the SP Setia housing project at the Star property fair 2015 at Sunway Carnival Convention Centre in Butterworth. Sta pic by: CHIN CHENG YEANG/ The Star/12-03-2015
KUALA LUMPUR: There will be no changes to the constituents of the FTSE Bursa Malaysia (FBM) KLCI, following the semi-annual review of the FTSE Bursa Malaysia Index Series yesterday, said FTSE Russell, a leading global index provider.
The leading global index provider also said six new constituents would be added to the FTSE Bursa Malaysia Mid 70 Index, namely SP Setia, CapitaLand Malaysia Mall Trust, Serba Dinamik
Holdings, Eco World International, Malaysian Pacific Industries and Petron Malaysia Refining and Marketing.
However, QL Resources, UEM Edgenta, Supermax Corp, Tropicana, UMW Oil and Gas and Hume Industries would be deleted from the Mid 70 Index, it said.
For FTSE Bursa Malaysia Hijrah Shariah Index, FTSE Russell said it saw an additional two new constituents - IOI Properties Group and SP Setia - but Kossan Rubber and QL Resources would be deleted from the index.
“All constituent changes take effect at the start of business on Monday, June 19, 2017,” it said in a statement on Friday, adding the next review would take place in December 2017.
FTSE Russell created and managed a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies.
Part of the FTSE Bursa Malaysia Index Series, the FBM KLCI, was widely used by investors as the primary benchmark for the Malaysian market, including derivatives through FBM KLCI Futures and FTSE Bursa Malaysia KLCI Options.
The benchmarks was also tracked by a number of index-linked financial products such as exchange traded funds. The index series was reviewed semi-annually in accordance with the index ground rules.
On the FBM KLCI reserve list, FTSE Russell said it comprised five highest-ranking non-constituents of the index by market capitalisation, namely Malaysia Airports, Gamuda, AirAsia, YTL Power International and Sapura Energy.
The reserve list would be used in the event that one or more constituents are deleted from the FBM KLCI in accordance with the index ground rules during the period up to the next semi-annual review. - Bernama
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