KUALA LUMPUR – Supermax Corporation Bhd will replace KLCC Property Holdings and KLCC Real Estate Investment Trust (KLCC Prop and REIT) stapled securities as a constituent of the FTSE Bursa Malaysia KLCI.
Bursa Malaysia and FTSE Russell, in a joint statement today, said these changes were made following the semi-annual review of the FTSE Bursa Malaysia Index Series.
The statement said KLCC Prop and REIT stapled securities would be placed in the FTSE Bursa Malaysia KLCI reserve list, comprising the five highest-ranking non-constituents of the index by market capitalisation, along with Kossan Rubber Industries Bhd, QL Resources Bhd, Mr DIY Group (M) Bhd, and Westports Holdings Bhd.
“The reserve list will be used if 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,” it said.
According to the statement, KLCC Prop and REIT stapled securities and Mr DIY Group have also been added to the FTSE Bursa Malaysia Mid 70 Index together with IATA IMS Bhd, Duopharma Biotech Bhd, Heineken Malaysia Bhd, Unisem (M) Bhd, UWC Bhd and YTL Power International Bhd.
“Meanwhile, Aeon Co (M) Bhd, Eco World International Bhd, Hengyuan Refining Company Bhd, Kerjaya Prospek Group Bhd, Petron Malaysia Refining & Marketing Bhd, Sunway Construction Group Bhd, Supermax Corp and Velesto Energy Bhd will be removed from the index,” it said.
Furthermore, it said, Inari Amertron Bhd and Petronas Dagangan Bhd had been added to the FTSE Bursa Malaysia Hijrah Shariah Index.
Consequently, it said FGV Holdings Bhd and Serba Dinamik Holdings Bhd would be deleted from the FTSE Bursa Malaysia Hijrah Shariah Index.
The statement said all constituent changes would take effect at the start of business on Monday, and the next review would take place in June 2021.
The index series is reviewed semi-annually by FTSE Russell and Bursa Malaysia in accordance with the index ground rules.
As 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 and FTSE Bursa Malaysia KLCI Options.
“The benchmarks are also tracked by several index-linked financial products, such as exchange traded funds,” the statement said. – Bernama, December 3, 2020.
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