No changes to FBM KLCI’s constituents after index review

KUALA LUMPUR: There will be no changes to the constituents of the FTSE Bursa Malaysia KLCI (FBM KLCI), following the semi-annual review of the FTSE Bursa Malaysia Index Series.

In a joint statement, FTSE Russell, a leading global index provider, and Bursa Malaysia Bhd said the index series is reviewed semi-annually in accordance with the index ground rules.

It said the FBM KLCI, which is part of the FTSE Bursa Malaysia Index Series, is widely used by investors as the primary benchmark for the Malaysian market, including derivatives, through the FTSE Bursa Malaysia KLCI Futures (FKLI) and the FTSE Bursa Malaysia KLCI Options (OKLI).

The benchmarks are also tracked by several index-linked financial products, such as exchange-traded funds.

The FBM KLCI reserve list, comprising the five highest-ranking non-constituents of the index by market capitalisation, will be Westports Holdings Bhd, QL Resources Bhd, AMMB Holdings Bhd, Malaysia Airports Holdings Bhd and Gamuda Bhd.

The reserve list will be used if 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.

The review also saw eight new constituents added to the FBM Mid 70 Index, namely Aeon Co (M) Bhd, Boustead Plantations Bhd, Chin Hin Group, Farm Fresh Bhd, Hengyuan Refining Co Bhd, Hextar Global Bhd, Hibiscus Petroleum Bhd and Ta Ann Holdings Bhd.

Both FGV Holdings Bhd and Sunway Bhd were added to the FBM Hijrah Shariah Index.

All constituent changes take effect at the start of business on June 20. The next review will take place in December 2022.