FTSE Bursa Malaysia KLCI

Last updated

FTSE Bursa Malaysia KLCI
Foundation
  • 4 April 1986 (as KLCI)
  • 6 July 2009 (as FBMKLCI)
[1]
Operator [1]
Exchanges Bursa Malaysia
Constituents30
TypeLarge cap
Market cap
  • RM509,019 million
  • (as of 28 February 2014)
[1]
Weighting method Capitalisation-weighted
Website ftse.com

The FTSE Bursa Malaysia KLCI, also known as the FBM KLCI, is a capitalisation-weighted stock market index, composed of the 30 largest companies on the Bursa Malaysia by market capitalisation that meet the eligibility requirements of the FTSE Bursa Malaysia Index Ground Rules. The index is jointly operated by FTSE and Bursa Malaysia.

Contents

History

It was first introduced on 4 April 1986 as the Kuala Lumpur Composite Index (KLCI), with a base value of 100, dated on 1 January 1977.

In 2006, Bursa Malaysia partnered with FTSE to provide a suite of indices for the Malaysian market, to enhance the KLCI. FTSE Bursa Malaysia KLCI was one of the indices created to replace the KLCI. The new index was adopted on 6 July 2009, with the opening value taken from the closing value of the old KLCI on 3 July 2009. [2]

The enhancement will adopt the internationally recognised index calculation formula to increase transparency as well as making the index more tradable. [2]

Annual returns

The following table shows the annual development of the FTSE Bursa Malaysia KLCI since 1976. [3] [4]

YearClosing levelChange in index
in points
Change in index
in %
197691.686.617.77
1977113.3921.7123.68
1978156.2242.8337.77
1979205.5949.3731.60
1980366.70161.1178.36
1981380.8214.123.85
1982291.45−89.37−23.47
1983401.60110.1537.79
1984303.56−98.04−24.41
1985233.48−70.08−23.09
1986252.4318.958.12
1987261.198.763.47
1988357.3896.1936.83
1989562.28204.9057.33
1990505.92−56.36−10.02
1991556.2250.309.94
1992643.9687.7415.77
19931,275.32631.3698.04
1994971.21−304.11−23.85
1995995.1723.962.47
19961,237.96242.7924.40
1997594.44−643.52−51.98
1998586.13−8.31−1.40
1999812.33226.2038.59
2000679.64−132.69−16.33
2001696.0916.452.42
2002646.32−49.77−7.15
2003793.94147.6222.84
2004907.43113.4914.29
2005899.79−7.64−0.84
20061,096.24196.4521.83
20071,445.03348.7931.82
2008876.75−568.28−39.33
20091,272.78396.0345.17
20101,518.91246.1319.34
20111,530.7311.820.78
20121,688.95158.2210.34
20131,866.96178.0110.54
20141,761.25−105.71−5.66
20151,692.51−68.74−3.90
20161,641.73−50.78−3.00
20171,796.81155.089.45
20181,690.58−106.23−5.91
20191,588.76−101.82−6.02
20201,627.2138.452.42
20211,567.53−59.68−3.67
20221,495.49−72.04−4.60
20231,454.66-40.83-2.73

Constituents

The 30 constituent companies of the FBMKLCI, updated as of 5 December 2024: [5]

Constituent NameStock CodeSectorMarket Cap (MYR)
99 SPEED MART RETAIL HOLDINGS BERHAD5326RetailersN/A
AXIATA GROUP BERHAD6888Mobile network, network infrastructure & digital internet26.48 billion
CELCOMDIGI BERHAD6947Telecommunications service & Internet services47.63 billion
CIMB GROUP HOLDINGS BERHAD1023Financial services73.59 billion
GAMUDA BERHAD5398ConstructionN/A
HONG LEONG BANK BHD5819Financial services42.55 billion
HONG LEONG FINANCIAL GROUP BHD1082Financial services19.99 billion
IHH HEALTHCARE BERHAD5225Healthcare53.04 billion
IOI CORPORATION BHD1961Plantations25.05 billion
KUALA LUMPUR KEPONG BHD2445Plantation24.06 billion
Malayan Banking Berhad 1155Financial services120.73 billion
MAXIS BERHAD6012Telecommunications service & Internet services29.49 billion
MISC BHD3816Energy shipping, Maritime services37.78 billion
MR D.I.Y. GROUP (M) BERHAD5296Retail17.48 billion
NESTLE (M) BHD4707Food & Beverages30.06 billion
PETRONAS CHEMICALS GROUP BHD5183Chemicals55.36 billion
PETRONAS DAGANGAN BHD5681Oil and gas20.29 billion
PETRONAS GAS BHD6033Oil and gas36.30 billion
PPB GROUP BHD4065Plantation & Properties21.26 billion
PRESS METAL ALUMINIUM HOLDINGS BERHAD8869Metals44.16 billion
PUBLIC BANK BHD1295Financial services81.65 billion
QL RESOURCES BHD7084Agriculture15.77 billion
RHB BANK BERHAD1066Financial services24.10 billion
SIME DARBY BHD4197Conglomerate19.73 billion
SD GUTHRIE BERHAD5285Plantation30.43 billion
SUNWAY BERHAD5211IndustrialN/A
TELEKOM MALAYSIA BHD4863Telecommunications25.17 billion
TENAGA NASIONAL BHD5347Electric power industry75.93 billion
YTL CORPORATION BHD4677Conglomerate42.88 billion
YTL POWER INTERNATIONAL BHD6742Electric power industry44.06 billion

Eligibility

The two main eligibility requirements stated in the FTSE Bursa Malaysia Index Ground Rules are the free float and liquidity requirements.

Free float

Each company is required to have a minimum free float of 15%. The free float excludes restricted shareholding like cross holdings, significant long term holdings by founders, their families and/or directors, restricted employee share schemes, government holdings and portfolio investments subject to a lock in clause, for the duration of that clause. A free float factor is applied to the market capitalisation of each company in accordance with the banding specified in the FTSE Bursa Malaysia Ground Rules. The factor is used to determine the attribution of the company's market activities in the index.

Liquidity

A liquidity screen is applied to ensure the company's stocks are liquid enough to be traded. Companies must ensure that at least 10% of their free float adjusted shares in issue is traded in the 12 months prior to an annual index review in December.

It contains 30 companies from the main market with approximately 900 to 1000 listed companies. The index has a base value of 100 as of 2 January 1977. [6]

See also

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References

  1. 1 2 3 "FTSE Bursa Malaysia KLCI Factsheet" (PDF). FTSE.
  2. 1 2 FTSE Bursa Malaysia KLCI Index Research Paper (PDF), 2009, p. 1, archived from the original (PDF) on 23 November 2010
  3. Meridian Securities Markets, Electronic Commerce Inc.: World Stock Exchange Fact Book, Electronic Commerce Inc., Morris Plains NJ 1995, ISBN   1-891518-19-4
  4. "FTSE Bursa Index (Malaysia) Yearly Stock Returns". www.1stock1.com. Retrieved 9 February 2024.
  5. https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/content_entry5c11a9db758f8d31544574c6/675163f3cd34aadbe452a614/files/051224_MEDIA_RELEASE_FTSE_BURSA_MALAYSIA_INDEX_SERIES_SEMI-ANNUAL_REVIEW_DECEMBER_2024.pdf?1733390648.{{cite web}}: Missing or empty |title= (help)
  6. Bloomberg.com. KLCI:IND KUALA LUMPUR COMP INDEX

The latest information on the index and its components can be found on FTSE's website. FTSE Bursa Malaysia Index Series

A detailed list of the index components with description of each company, logo and link to its website can be found on ASEAN UP Top 30 companies from Malaysia's KLCI