Supermax may get upgraded to FTSE All World Index


Supermax will replace KLCC in the 30-stock KLCI as expected on Monday.

KUALA LUMPUR: Glove maker Supermax Corporation may get upgraded to FTSE All World Index from FTSE Global All Cap Index, acording to a news report.

Other companies include India’s Adani Gas, New Zealand’s Infrastructure investment company Infratil and South Korea’s Shin Poong Pharmaceutical, according to a Bloomberg report quoting Smartkarma.

Also the possible inclusion list are Australia’s building products merchant Reece, Indonesia’s candy maker Mayora Indah and Honeywell Automation India.

FTSE Russell is scheduled to announce the results of its semi-annual index review on Feb 19.

At midday, Supermax was down 11 sen to RM6.79.

Supermax will replace KLCC in the 30-stock KLCI as expected on Monday.

All constituent changes are to take effect at the start of trading, based on price closing on Friday.

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