FTSE Russell and Bursa Malaysia announced that there will be three changes to the constituents of the FTSE Bursa Malaysia KLCI, following the semi-annual review of the FTSE Bursa Malaysia Index Series yesterday.
Hartalega Holdings, Dialog Group and Malaysia Airports Holdings will replace YTL Corporation, AMMB Holdings and Astro Malaysia Holdings in the index.
Part of the FTSE Bursa Malaysia Index Series, the FTSE Bursa Malaysia KLCI is widely used by investors as the primary benchmark for the Malaysian market, including derivatives through FTSE Bursa Malaysia KLCI Futures (FKLI), FTSE Bursa Malaysia KLCI Options (OKLI). The benchmarks are also tracked by a number of index-linked financial products, such as exchange traded funds.
The FTSE Bursa Malaysia KLCI reserve list, comprising the five highest ranking non-constituents of the index by market capitalisation, will be used in the event that one or more constituents are deleted from the FTSE Bursa Malaysia KLCI in accordance with the index ground rules during the period up to the next semi-annual review. The reserve list are Fraser & Neave Holdings, Top Glove Corporation, Lotte Chemical Titan Holding, Westports Holdings and AirAsia Group.
The new additions for the FTSE Bursa Malaysia Mid 70 Index are YTL Corporation, AMMB Holdings, QL Resources, Astro Malaysia Holdings, Magnum, ViTrox, Velesto Energy, Supermax Corporation, Kerjaya Prospek Group and TA Global. As a result, Hartalega Holdings, Dialog Group, Malaysia Airports Holdings, UMW Holdings, Syarikat Takaful Malaysia, CapitalLand Malaysia Mall Trust, Eastern & Oriental, Lingkaran Trans Kota Holdings, 7-Eleven Malaysia Holdings and WCT Holdings will be deleted from the FTSE Bursa Malaysia Mid 70 Index.
For the FTSE Bursa Malaysia Hijrah Shariah Index, new additions are Digi.com, QL Resources and Time Dotcom. As a result, Petronas Dagangan, UMW Holdings and My E.G. Services will be deleted from the FTSE Bursa Malaysia Hijrah Shariah Index.
All constituent changes take effect at the start of business on Monday 18 June 2018 and the next review will take place in December 2018.
FTSE Group and Bursa Malaysia have partnered since 2006 to provide a suite of indexes for the Malaysian Market. Further information on the FTSE Bursa Malaysia Index Series review, including all additions and deletions as well as ground rules, is available at http://www.ftse.com/products/indices/bursa-malaysia.