KUALA LUMPUR: The semi-annual review of the FTSE Bursa Malaysia Index Series has seen Sunway Bhd promoted to the top 30-stock index and AMMB Holdings Bhd demoted to the FTSE Bursa Malaysia Mid 70 Index.
The index series is reviewed on a semiannual basis in accordance with the ground rules of the respective index.
Other moves in the FTSE Bursa Malaysia Mid 70 Index, include AEON Credit Service (M) Bhd taking the place of AEON (M) Bhd, and the inclusion of four property companies.
They were IGB Real Estate Investment Trust, IOI Properties Group, Pavilion Real Estate Investment Trust and Sime Darby Property.
Astro Malaysia Holdings Bhd and Berjaya Corporation Bhd were also taken out of the FTSE Bursa Malaysia Mid 70 Index.
The FTSE Bursa Malaysia Hijrah Shariah Index saw the entry of Inari Amertron into the index as Greatech Technology Bhd exited.
All constituent changes take effect at the start of business on June 24, 2024 (Monday).
The next review will take place in December 2024.
The FTSE Bursa Malaysia KLCI, which is part of the FTSE Bursa Malaysia Index Series, is widely used by investors as the primary benchmark for the Malaysian capital market, including derivatives, through the FTSE Bursa Malaysia KLCI Futures and the FTSE Bursa Malaysia KLCI Options.
The benchmark index is also tracked by several index-linked financial products, such as exchange-traded funds.
The FTSE Bursa Malaysia KLCI reserve list, comprising the five largest non-constituents of the index by market capitalisation, are AMMB Holdings, Dialog Group, Gamuda, IOI Properties Group and Malaysia Airports.
The reserve list will be used if one or more constituents are removed from the FTSE Bursa Malaysia KLCI in accordance with the index ground rules during the period up to the next semi-annual review.
FTSE Group and Bursa Malaysia have partnered since 2006 to provide a suite of indexes for the Malaysian capital market.