3 days ago
- Business
- New Straits Times
AMMB returns to FBM KLCI, replacing Hong Leong Financial Group
KUALA LUMPUR: AMMB Holdings Bhd will rejoin the FTSE Bursa Malaysia KLCI (FBM KLCI) on June 23, replacing Hong Leong Financial Group Bhd.
This follows the semi-annual review of the index series by FTSE Russell and Bursa Malaysia.
The move marks a return for AMMB to the 30-stock benchmark index after it was removed a year ago.
The FBM KLCI is the main barometer of the local bourse and is closely tracked by both local and international investors.
In a joint statement today, FTSE Russell and Bursa Malaysia said the constituent change was made based on the index ground rules and market capitalisation as of May 26.
The revision also saw four companies added to the FTSE Bursa Malaysia Mid 70 Index, namely Kerjaya Prospek Group Bhd, SAM Engineering & Equipment Bhd, Sunway Real Estate Investment Trust and Tropicana Corp Bhd.
At the same time, AMMB was removed from the index following its promotion to the FBM KLCI. Bermaz Auto, D&O Green Technologies and WCE Holdings were also excluded.
Meanwhile, Sime Darby Property will join the FTSE Bursa Malaysia Hijrah Shariah Index, replacing Scientex Bhd.
All changes will take effect on Monday, June 23. The next semi-annual review is scheduled for December 2025.
The reserve list for the FBM KLCI, which includes the five largest non-constituents by market capitalisation, now comprises Genting Bhd, IOI Properties Group Bhd, KPJ Healthcare Bhd, United Plantations Bhd and Westports Holdings Bhd.
These companies may be added to the index if a current constituent is removed before the next review.
FTSE Russell and Bursa Malaysia have jointly managed the index series since 2006, offering a range of indices that support market participants in benchmarking performance and developing investment products.
