Gamuda, 99 Speed Mart gain entry to the FBM KLCI
Petaling Jaya: Within just three months of its debut on the local bourse, 99 Speed Mart Retail Holdings Bhd has made its entry into the FBM KLCI, while Genting Bhd
and Genting Malaysia Bhd were booted out of the 30-stock barometer index.
Together with 99 Speed Mart, construction giant Gamuda Bhd was also included in the FBM KLCI, following the semi-annual review announced by FTSE Russell and Bursa Malaysia. In a joint statement, the entities said these changes will take effect on Dec 23, 2024.
Gamuda’s previous entry into the FBM KLCI was more than a decade ago in 2010, replacing Tanjong plc that was taken private.
The FBM KLCI, comprising the 30 largest companies by market capitalisation, is a key benchmark for Malaysia’s equities market.
In the FTSE Bursa Malaysia Mid 70 Index, which comprises the next 70 largest companies, nine firms have been added following the review.
They are Carlsberg Brewery Malaysia Bhd, Genting, Genting Malaysia, Genting Plantations Bhd, Malakoff Corp Bhd, Nationgate Holdings Bhd, Oriental Holdings Bhd, Tanco Holdings Bhd and Vitrox Corp Bhd.
Other similar news: FBM KLCI review: Gamuda and 99 Speed Mart in, Genting and Genting Malaysia out