KUALA LUMPUR, June 24 (Bernama) — Bursa Malaysia on Wednesday reminded the market that its benchmark index, the Kuala Lumpur Composite Index (KLCI) will adopt FTSE’s global index methodology and will be renamed as FTSE Bursa Malaysia KLCI, starting July 6.
The FTSE Bursa Malaysia KLCI will be free-float adjusted and liquidity-screened to give investors an investable and tradable index which will remain characteristic of the underlying market.
Constituents of the FTSE Bursa Malaysia KLCI will be made up of Bursa Malaysia’s 30 largest eligible Main Board companies initially, the stock exhange operator said in a statement Wednesday.
The computation will be based on investable market capitalisation.
The calculation of FTSE Bursa Malaysia KLCI will be on a 15 second basis compared with 60 seconds adopted by KLCI currently.
This improvement in speed of index calculation will essentially benefit the investors as they will be able to closely track the pulse of trading activities, Bursa Malaysia said.
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