TM and KLCC Property out of FBM KLCI list; AMMB Top Glove in

Market cap drop: TM’s omission from the group of constituent stocks that comprise the FBM KLCI has been widely expected as it has been plagued by a number of issues. — Bernama

PETALING JAYA: Telekom Malaysia Bhd (TM) has been booted out of the FBM KLCI for the first time since its listing following a huge fall in the market capitalisation of the telecoms company.

Joining TM in losing its spot on the FBM KLCI is KLCC Property Holdings Bhd. The counters that replace the two stocks are AMMB Holdings Bhd and Top Glove Corp Bhd.