MR DIY Group (M) Bhd has been included as one of the 30 constituents of the FTSE Bursa Malaysia KLCI to replace rubber glove maker, Supermax Corporation Bhd.
FTSE Russell and Bursa Malaysia Bhd in a joint statement yesterday said the change was made following the semi -annual review of the FTSE Bursa Malaysia Index Series, which was conducted in accordance with the basic rules of the index.
"The list of FTSE Bursa Malaysia KLCI reserves which comprises the top five constituents of the index by market capitalization are Westports Holdings, QL Resources, Supermax, Kossan Rubber and Inari Amertron," he explained as reported by Bernama.
The list of reserves will be used if one or more constituents are removed from the FTSE Bursa Malaysia KLCI in accordance with the basic rules of the index in the period up to the next half -year review.
The statement added that the FTSE Bursa Malaysia Mid 70 Index saw five new constituents namely D&O Green Technologies, Greatech Technology, Hong Leong Industries, Supermax and UMW Holdings while the FTSE Bursa Malaysia Hijrah Shariah Index received MR DIY Group and Press Metal Aluminum Holdings.
There are 39 inclusions and five exclusions for the FTSE Bursa Malaysia EMAS Index, expanding the number of constituents to 316.
"Newly entered companies will also be assessed on their performance, social and corporate governance (ESG) disclosures in line with the FTSE4Good Rating Model in the next review cycle," he said.
Companies that meet the entry criteria by addressing and putting in place measures to reduce their ESG risk will be included in the FTSE4Good Bursa Malaysia Index.
All constituent changes will take effect on June 21 and the next review will take place by December of this year.
