By Ying Xian Wong
Semiconductor assembly and test services provider Inari Amertron will be replaced by port operator Westports Holdings in Malaysia’s benchmark equities index, following the index’s semi-annual review.
The changes to the FTSE Bursa Malaysia Kuala Lumpur Composite Index will be effective from June 19, Bursa Malaysia and FTSE Russell said in a joint statement on Thursday.
The index’s reserve list will comprise Fraser & Neave Holdings, Gamuda, Malaysia Airports, TIME dotCom and Top Glove the five highest-ranking nonconstituent companies on the index by market capitalization, they said.
The KLCI’s constituents comprise Malaysia’s 30 largest companies by market capitalization, subject to meeting the free float and liquidity requirements.
Shares of Westports Holdings were recently 0.8% lower at MYR3.75 ($0.81), with a market capitalization at MYR12.89 billion.
Inari shares were trading 0.4% higher at MYR2.49, with a market capitalization of MYR9.26 billion.
Write to Ying Xian Wong at [email protected]
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