Westports, Sime Darby Property to be removed from FBM KLCI

Westport in Port Klang functioning as a well-oiled machine.

KUALA LUMPUR: Westports Holdings Bhd and Sime Darby Property Bhd will be deleted from the 30-stock FTSE Bursa Malaysia KLCI with effect from Dec 6, 2017.

According to a joint statement issued by Bursa Malaysia and FTSE Russell on Thursday, the two counters will instead be added to the FTSE Bursa Malaysia Mid 70 Index.

The changes followed the demerger of Sime Darby Plantation and Sime Darby Property and their listing on the Main Market of Bursa Malaysia.

“Westports Holdings will be added to the Mid 70 Index with a shares in issue total of 3,410,000,000 and an investability weighting of 30.97%. 

“Sime Darby Property will be added to the index with a shares in issue total of 6,800,839,377 and an investability weighting of 51.77%,” the statement said.

This will then result in the deletion of Datasonic Group Bhd and AirAsia X Bhd from the Mid 70 Index and included into the FTSE Bursa Malaysia Small Cap index.

Datasonic Group will be added to the index with a shares in issue total of 1.35 billion and an investability weighting of 40%.

AirAsia X will be added to the index with a shares in issue total of 4.148 billion and an investability weighting of 43.44%. 

The joint statement also said Time Dotcom and UEM Sunrise will be deleted from the FTSE Bursa Malaysia Hijrah Shariah Index.