KUALA LUMPUR (June 5): AMMB Holdings Bhd (KL:AMBANK), Malaysia’s sixth-largest bank by assets, will rejoin the FBM KLCI as a constituent after being expelled a year ago.
Hong Leong Financial Group Bhd (KL:HLFG) is being removed as a member of the 30-stock index following a semi-annual review, according to a joint statement by index provider FTSE Russell and Bursa Malaysia. The change is effective June 23.
The next review is scheduled for December 2025.
Shares of AMMB have declined only about 2% since the start of the year up until the cut-off date on May 26. HLFG, the financial services arm of tycoon Quek Leng Chan, declined 9% over the same period.
To qualify for inclusion, a stock must rank within the top 25 by market capitalisation as of the cut-off date, while a drop to 36th or lower could trigger removal.
In addition, a company must have at least 15% of its shares held by public investors and must pass the liquidity test that requires a stock to have a monthly median daily trading volume of at least 0.04% of its shares in issue, adjusted for investability, in at least eight of the past 12 months
Genting Bhd (KL:GENTING), IOI Properties Group Bhd (KL:IOIPG), KPJ Healthcare Bhd (KL:KPJ), United Plantations Bhd (KL:UTDPLT), and Westports Holdings Bhd (KL:WPRTS) are in the reserve list as the five top non-constituents of the index by market capitalisation, according to Thursday’s statement.
The reserve list will be used if one or more constituents are removed from the KLCI before the next scheduled review is up.
Kerjaya Prospek Group Bhd (KL:KERJAYA) will be included in the Bursa Malaysia Mid-70 Index following AMMB’s promotion to the country’s main index.
The Mid-70 Index, which comprises the next 70 companies in the FTSE Bursa Malaysia EMAS Index by full market capitalisation, will also see entry of another three stocks including SAM Engineering & Equipment Malaysia Bhd (KL:SAM).