Westports replaces Inari as FBM KLCI constituent

KUALA LUMPUR: Westports Holdings Bhd has been included in the FTSE Bursa Malaysia (FBM) KLCI following the semi-annual review of the FBM index series.

The port operator replaces Inari Amertron Bhd, which has now been included in the FBM Mid 70 Index.

In a joint statement, FTSE Russell and Bursa Malaysia Bhd said the FBM KLCI reserve list, comprising the five highest-ranking non-constituents of the index by market capitalisation, will be Fraser & Neave Holdings Bhd, Gamuda Bhd, Malaysia Airports Holdings Bhd, TIME Dotcom Bhd, and Top Glove Corp 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.

Meanwhile, there will be seven new constituents in the FBM Mid 70 index, namely Inari Amertron, Berjaya Corp Bhd, Gas Malaysia Bhd, ITMax System Bhd, Mah Sing Group Bhd, TSH Resources Bhd and Velesto Energy Bhd.

Those excluded from the index are FGV Holdings Bhd, Hong Seng Consolidated Bhd, IJM Corp Bhd, Mega First Bhd, Sunway Real Estate Investment Trust, ViTrox Bhd and Westports.

As for the FBM Hijrah Shariah Index, new inclusions are Hartalega Holdings Bhd, KPJ Healthcare Bhd, Scientex Bhd and United Plantations Bhd.

These companies replace FGV Holdings, IJM Corp, Malaysia Airports and ViTrox.

According to the statement, all constituent changes will take effect at the start of business on June 19, 2023.

The next review will take place in December 2023.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Business News

US announces details on higher China tariffs, some to start Aug 1
Five Petroleum to explore partnerships in Uzbekistan
Japan's 10-year yield hits more than decade high of 1% as BOJ bets build
Indonesian central bank holds interest rates steady, as expected
M&S annual profit soars 58% as turnaround strategy delivers
LVMH deepens partnership with Alibaba to boost tech presence in China
Asia stocks up on high hopes for Nvidia, NZ dollar jumps
CIMB forecasts mid-June kickoff for fuel subsidy rationalisation
New Zealand dollar surges on surprisingly hawkish RBNZ
China's first batch of ultra-long special bonds surge on debut, triggering suspension

Others Also Read