Supermax to replace KLCC Property as FBM KLCI component stock

SUPERMAX Corp Bhd has been confirmed to replace KLCC Property Holdings Bhd as a constituent of the 30 FBM KLCI component stocks in Bursa Malaysia’s latest semi-annual review.

Following the review, KLCC Property will be relegated to the benchmark index’s reserve list alongside four other highest-ranking non-constituents by virtue of market capitalisation comprising Kossan Rubber Industries Bhd, QL Resources Bhd, Mr D.I.Y. Group (M) Bhd and Westports Holdings Bhd.

“The reserve list will be used if one or more constituents are deleted from the FBM KLCI in accordance with the index ground rules during the period up to the next semi-annual review,” Bursa Malaysia pointed out in a media release.

Elsewhere, ATA IMS Bhd, Duopharma Biotech Bhd, Heineken Malaysia Bhd, KLCC Property, Mr D.I.Y, Unisem Bhd, UWC Bhd and YTL Power International Bhd have been added to the FTSE Bursa Malaysia Mid 70 Index following the review exercise.

The above counters will replace AEON Co (M) Bhd, Eco World Development Group Bhd, Hengyuan Refining Co Bhd, Kerjaya Prospek Group Bhd, Petron Malaysia Refining & Marketing Bhd, Sunway Construction Group Bhd, Supermax and Velesto Energy Bhd which will be removed from the index.

Additionally, Inari Amertron Bhd and Petronas Dagangan Bhd have been added to the FTSE Bursa Malaysia Hijrah Shariah Index following the removal of FGV Holdings Bhd and Serba Dinamik Holdings Bhd from the index.

“All constituent changes will take effect at the start of business on Dec 21 (Monday) and the next review will take place in June 2021,” noted Bursa Malaysia.

For the record, Bursa Malaysia has partnered the FTSE Group since 2006 to provide a suite of indexes for the Malaysian Market. – Dec 3, 2020

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