Business

MISC, SapuraKencana to replace Bumi Armada, YTL in FTSE Bursa Malaysia KLCI

KUALA LUMPUR, June 13 – MISC Bhd and SapuraKencana Petroleum Bhd will replace Bumi Armada Bhd and YTL Power International Bhd in the FTSE Bursa Malaysia KLCI, following the semi-annual review of the FTSE Bursa Malaysia Index Series today.

In a joint statement today, FTSE and Bursa Malaysia, said the index series was reviewed semi-annually by the independent FTSE Bursa Malaysia Index Advisory Committee.

“The committee is made up of leading market professionals who ensure that the index review fully complies with a set of highly transparent and publicly available index rules,” it said.

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, and forms the basis of a wide range of investment products, including the FTSE Bursa Malaysia KLCI ETF, FTSE Bursa Malaysia KLCI Futures (FKLI), FTSE Bursa Malaysia KLCI Options (OKLI) and other index-linked financial products.

The FTSE Bursa Malaysia KLCI reserve list, comprising the five highest ranking non-constituents of the index by market capitalisation, will be KLCC Prop and REITS – Stapled Sec, Bumi Armada, YTL Power International, Gamuda and Lafarge Malaysia.

The reserve list will be used in the event that one or more constituents are deleted from the FTSE Bursa Malaysia KLCI during the period up to the next semi-annual review. – Bernama

Comments