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Top Glove, AmBank Group replace TM, KLCCP as KLCI constituents

TheEdge Thu, Dec 06, 2018 - 1 week ago


KUALA LUMPUR (Dec 6): Telekom Malaysia Bhd (TM) and KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust, have been dropped from Malaysia’s benchmark stock gauge.

They will be replaced by Top Glove Corp Bhd and AMMB Holdings Bhd (AmBank Group), as part of the FTSE Bursa Malaysia Index Series’ quarterly review.

This confirmed a report by The Edge Financial Daily on Nov 26 that said TM was likely to drop out of the list of 30 component stocks of the FBM KLCI when FTSE Russell and Bursa Malaysia announce their review today, while Top Glove could be a new addition to the index.

“The (stocks on the) FBM KLCI reserve list are Westports Holdings Bhd, YTL Corp Bhd, Fraser & Neave Holdings Bhd, QL Resources Bhd and Lotte Chemical Titan Holding Bhd,” FTSE Russell and Bursa Malaysia said in a joint statement today.

Meanwhile, the FTSE Bursa Malaysia Mid 70 Index saw seven new additions. These are TM, UMW Holdings Bhd, Carlsberg Brewery Malaysia Bhd, Aeon (M) Bhd, Boustead Plantations Bhd, Hibiscus Petroleum Bhd and Matrix Concepts Holdings Bhd.

“As a result, Top Glove, AmBank Group, Gas Malaysia Bhd , Hong Leong Industries Bhd, MMC Corp Bhd, TA Global and Ta Ann Holdings Bhd will be deleted from the Mid 70 Index,” FTSE Russell and Bursa Malaysia said.

For the FTSE Bursa Malaysia Hijrah Shariah Index, new additions are Petronas Dagangan Bhd, UMW and Serba Dinamik Holdings Bhd.

Top Glove, IOI Properties Group Bhd and Sapura Energy Bhd will be removed from the list.

All constituent changes take effect at the start of business on Dec 24 and the next review will take place in June 2019.






Related Stocks

AEON 1.570
AMBANK 4.390
BPLANT 0.700
BURSA 7.010
CARLSBG 19.760
F&N 33.200
GASMSIA 2.850
HIBISCS 1.030
HLIND 8.900
IOIPG 1.590
KLCC 7.700
LCTITAN 4.460
MATRIX 1.930
MMCCORP 0.900
PETDAG 25.600
QL 6.500
SAPNRG 0.330
SERBADK 3.760
TAANN 2.250
TAGB 0.255
TM 2.610
TOPGLOV 5.760
UMW 5.500
WPRTS 3.670
YTL 1.050

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