Sunway potential FBM KLCI constituent stock

TheStar Fri, May 03, 2024 12:00am - 1 month View Original


MIDF Research said Sunway had seen a meteoric rise in its share price since Nov 20, 2023, the cutoff date of the previous semi-annual review of the FBM KLCI.

KUALA LUMPUR: Sunway Bhd is seen to be a potential new entrant on the list of constituents of the FBM KLCI after rising to the 24th spot in terms of market capitalisation, possibly replacing AMMB Holdings Bhd, says MIDF Research.

The research firm said in its FBM KLCI Semi-Annual Review report that Sunway had seen a meteoric rise in its share price since Nov 20, 2023, the cutoff date of the previous semi-annual review of the FBM KLCI.

Sunway’s stock was trading at RM1.99 then, placing it in the 38th spot in terms of market capitalisation.

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