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, at the close of trading on 17 October 2023: [5]

Constituent NameStock CodeSector
Axiata Group Berhad6888Telecommunications Service Providers
Cimb Group Holdings Berhad1023Banking
Dialog Group Berhad7277Energy Infrastructure, Equipment & Services
Celcomdigi Berhad6947Telecommunications Service Providers
Genting Berhad3182Travel, Leisure & Hospitality
Genting Malaysia Berhad4715Travel, Leisure & Hospitality
Hartalega Holdings Berhad5168Health Care Equipment & Services
Hong Leong Bank Berhad5819Banking
Hong Leong Financial Group Berhad1082Banking
Ihh Healthcare Berhad5225Health Care Providers
Ioi Corporation Berhad1961Plantation
Kuala Lumpur Kepong Berhad2445Plantation
Malayan Banking Berhad1155Banking
Maxis Berhad6012Telecommunications Service Providers
Misc Berhad3816Transportation & Logistics Services
Nestle (Malaysia) Berhad4707Food & Beverages
Petronas Chemicals Group Berhad5183Chemicals
Petronas Dagangan BHD5681Retailers
Petronas Gas Berhad6033Gas, Water & Multi-Utilities
Ppb Group Berhad4065Food & Beverages
Press Metal Aluminium Holdings Berhad8869Metals
Public Bank Berhad1295Banking
Rhb Bank Berhad1066Banking
Sime Darby Berhad4197Automotive
Sime Darby Plantation Berhad5285Plantation
Ammb Holdings1015Construction
Telekom Malaysia Berhad4863Telecommunications
Tenaga Nasional BHD5347Electricity
MR DIY5296Retailers
YBS International0025Industrial Matarials,Components & Equipment

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. "Bursa Malaysia FBMKLCI Companies" (PDF).
  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