Malaysia’s KLCI to adopt FTSE methodology
Malaysia’s primary benchmark index is to adopt the FTSE global index standard on 6 July 2009. Currently known as the Kuala Lumpur Composite Index (KLCI) the index will become the FTSE Bursa Malaysia KLCI.
The new index will be based on the 30 largest companies in Bursa Malaysia’s Main Board – by full market capitalisation – that meet the FTSE Bursa Malaysia eligibility requirements. The revised index will be free-float adjusted and liquidityscreened to provide a highly investable and tradable index that remains characteristic of the underlying market. The index will be calculated according to our publicly available rules, and overseen by a committee of independent market practitioners.
The FTSE Bursa Malaysia KLCI will enhance the existing FTSE Bursa Malaysia Index Series, a comprehensive range of indices designed to measure the performance of the major capital segments of the Malaysian market.
More information can be found at www.ftse.com/bursamalaysia.
