KNM Group Bhd will replace Gamuda Bhd in the FTSE Bursa Malaysia Large 30 Index after the half-yearly index review, the FTSE Bursa Malaysia Index Advisory Committee announced yesterday.
The FTSE Bursa Malaysia Mid-70 Index experienced similar turnover levels as the last review with seven new stocks entered the mid-cap index compared to eight during the December 2007 review, the committee said in a statement.
The new stocks are Gamuda Bhd, Hap Seng Plantations Holdings Bhd, Ann Joo Resources Bhd, Kinsteel Bhd, Tradewinds Malaysia Bhd, Media Chinese International Ltd and Boustead Properties Bhd.
As for the FTSE Bursa Malaysia Hijrah Syariah Index, a tradeable index of 30 stocks to be used as the basis for international Syariah-compliant products, two changes were approved with the inclusion of KLCC Property Holdings Bhd and Star Publications Malaysia Bhd.
According to the committee, the changes to the indices are to take place as part of the FTSE Bursa Malaysia Index Series half-yearly review.
“The regular reviews ensure the indices remain an accurate reflection of the market they represent,” it said, adding that the changes will take effect at start of business on June 23, 2008. — Bernama
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