YTL Corp and YTL Power replace Dialog and Wesports in KLCI, as reported by The Edge
KUALA LUMPUR (Nov 30): YTL Power International Bhd and its parent YTL Corp Bhd are to be included as constituents of the Kuala Lumpur Composite Index (KLCI) under the latest semi-annual review by Bursa Malaysia and FTSE Russell, replacing Dialog Group Bhd and Westports Holdings Bhd.
This confirms a report by The Edge earlier this month that the two YTL firms stood a good chance of being included in the 30-stock index based on their market capitalisation.
Changes made in the latest review will take effect on Dec 18, and the next review will take place in June 2024, according to a joint statement by Bursa Malaysia and FTSE Russell on Thursday.
Following the latest review, the KLCI reserve list, comprising the five highest-ranking non-constituents of the index by market capitalisation, will consist of Dialog, Gamuda Bhd, Inari Amertron Bhd, Malaysia Airports Holdings Bhd, and Westports.
The reserve list will be used if one or more constituents are deleted from the KLCI in accordance with the index ground rules during the period up to the next semi-annual review.
The latest review also sees the inclusion of nine new companies in the FBM Mid 70 Index, namely Bank Islam Malaysia Bhd, Dialog, DXN Holdings Bhd, Malayan Cement Bhd, OSK Holdings Bhd, Sunway Bhd, UMW Holdings Bhd, WCE Holdings Bhd and Westports.
They are replacing Berjaya Food Bhd, Duopharma Biotech Bhd, Hengyuan Refining Company Bhd, Hextar Technologies Solutions Bhd, Hong Leong Capital Bhd, PMB Technology Bhd, SAM Engineering & Equipment (M) Bhd, SKP Resources Bhd and YTL Corp.
Another change occurred at the FBM Hijrah Shariah Index, with Greatech Technology Bhd replacing Inari Amertron.
Two YTL firms stand out in upcoming KL constituent review
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