AMMB makes way for Sunway’s FBM KLCI entry


At its current market capitalisation of RM20.27bil, Sunway is larger than eight other existing FBM KLCI constituents.

PETALING JAYA: Sunway Bhd, one of Malaysia’s largest conglomerates, will make its entry into the FBM KLCI as AMMB Holdings Bhd is to be removed from the 30-stock benchmark index.

At its current market capitalisation of RM20.27bil, Sunway is larger than eight other existing FBM KLCI constituents such as AMMB, Petronas Dagangan Bhd, Sime Darby Bhd, Genting Bhd and MR DIY Group (M) Bhd.

Sunway’s inclusion into the index was announced by FTSE Russell and Bursa Malaysia yesterday, following the semi-annual review in June.

The change will take effect on June 24. The next review will take place in December 2024.

Following its exit from the FBM KLCI, AMMB will enter the reserve list that comprises Dialog Group Bhd, Gamuda Bhd, IOI Properties Group Bhd and Malaysia Airports Holdings Bhd.

The reserve list will be used if one or more constituents are removed from the FBM KLCI.

All the changes will be effective June 24.

AMMB will also enter FBM Mid 70 Index, alongside other new inclusions namely, Aeon Credit Service (M) Bhd, IGB Real Estate Investment Trust, IOI Properties, IJM Corp Bhd, Pavilion Real Estate Investment Trust, Mega First Corp Bhd, Sime Darby Property Bhd and Sunway Construction Group Bhd.

Meanwhile, Inari Amertron Bhd will be included in FBM Hijrah Shariah Index.

All the changes will be effective June 24.

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