KUALA LUMPUR (Dec 8): AIRASIA BHD [] and Bumi Armada Bhd will replace GAMUDA BHD [] and MISC BHD [] in the 30-stock FTSE Bursa Malaysia KLCI with effect from Dec 19.
FTSE Group (FTSE) and BURSA MALAYSIA BHD [] said the changes were made following the semi-annual review of the FTSE Bursa Malaysia Index Series on Thursday.
“All constituent changes take effect at the start of business on Dec 19, 2011 and the next review will take place on June 7, 2012,” they said in a joint statement.
They said the FTSE Bursa Malaysia KLCI reserve list, comprising the five highest ranking non-constituents of the index by market capitalisation, would be (in order of full market capitalisation) UEM Land Holdings, IJM Corporation, S P Setia, Malaysia Airport Holdings and Fraser & Neave Holdings.
Companies in the reserve list will replace constituents that become ineligible as a result of corporate actions, before the next review.
“This review sees the FTSE Bursa Malaysia Index Series experiencing a higher turnover level than in previous reviews. This is due to the implementation of a new and enhanced liquidity rule. The new rule is based on the median of the daily turnover of a stock (expressed as a percentage of its shares in issue and adjusted for its free float weighting) over the course of a month,” it said.
They said the old rule was based on the total turnover for a month (expressed as a percentage of shares in issue and adjusted for free float weighting).
The new rule is in line with the FTSE Global Equity Index Series which further aligns the series to global standards whilst continuing to provide an accurate representation of the true investability of companies in the FTSE Bursa Malaysia Index Series.
FTSE Bursa Malaysia Mid 70 Index Changes:
FTSE Bursa Malaysia Hijrah Shariah Index Changes:
FTSE Group (FTSE) and BURSA MALAYSIA BHD [] said the changes were made following the semi-annual review of the FTSE Bursa Malaysia Index Series on Thursday.
“All constituent changes take effect at the start of business on Dec 19, 2011 and the next review will take place on June 7, 2012,” they said in a joint statement.
They said the FTSE Bursa Malaysia KLCI reserve list, comprising the five highest ranking non-constituents of the index by market capitalisation, would be (in order of full market capitalisation) UEM Land Holdings, IJM Corporation, S P Setia, Malaysia Airport Holdings and Fraser & Neave Holdings.
Companies in the reserve list will replace constituents that become ineligible as a result of corporate actions, before the next review.
“This review sees the FTSE Bursa Malaysia Index Series experiencing a higher turnover level than in previous reviews. This is due to the implementation of a new and enhanced liquidity rule. The new rule is based on the median of the daily turnover of a stock (expressed as a percentage of its shares in issue and adjusted for its free float weighting) over the course of a month,” it said.
They said the old rule was based on the total turnover for a month (expressed as a percentage of shares in issue and adjusted for free float weighting).
The new rule is in line with the FTSE Global Equity Index Series which further aligns the series to global standards whilst continuing to provide an accurate representation of the true investability of companies in the FTSE Bursa Malaysia Index Series.
FTSE Bursa Malaysia Mid 70 Index Changes:
| Inclusions | Exclusions | |
| 1 | Dayang Enterprise Holdings | Aeon CO. (M) |
| 2 | Eastern & Oriental | AirAsia |
| 3 | Gamuda | Bintulu Port Holdings |
| 4 | JCY International | Capitamalls Malaysia Trust |
| 5 | MSM Malaysia Holdings | Guinness Anchor |
| 6 | Padiberas Nasional | Jaya Tiasa Holdings |
| 7 | QSR Brands | JT International |
| 8 | Rimbunan Sawit | KrisAssets Holdings |
| 9 | SEG International | Lingkaran Trans Kota Holdings |
| 10 | Kossan Rubber | NCB Holdings |
| 11 | Ta Ann Holdings | Nestle (M) |
| 12 | TA Enterprise | Star Publications Malaysia |
| 13 | TH PLANTATION | Sunway Real Estate Investment Trust |
| 14 | TSH Resources | United Plantations |
| 15 | UOA Development | YTL Cement |
FTSE Bursa Malaysia Hijrah Shariah Index Changes:
| Inclusions | Exclusions | |
| 1 | Dialog Group | Bintulu Port Holdings |
| 2 | KFC Holdings (M) | Malaysian Bulk Carriers |
| 3 | KPJ Healthcare | MISC |
| 4 | MSM Malaysia Holdings | Nestle (M) |
| 5 | QL Resources | PETRONAS Chemicals Group |
| 6 | Sarawak Oil Palms | United Plantations |
| 7 | Tradewinds Malaysia | WCT |
