FTSE Bursa Malaysia KLCI

The FTSE Bursa Malaysia KLCI, also known as the FBM KLCI, is a capitalisation-weighted stock market index, composed of the 30 largest companies on the Bursa Malaysia by market capitalisation that meet the eligibility requirements of the FTSE Bursa Malaysia Index Ground Rules. The index is jointly operated by FTSE and Bursa Malaysia.

FTSE Bursa Malaysia KLCI
Foundation
  • 4 April 1986 (as KLCI)
  • 6 July 2009 (as FBMKLCI)
[1]
Operator
[1]
ExchangesBursa Malaysia
Constituents30
TypeLarge cap
Market cap
  • RM509,019 million
  • (as of 28 February 2014)
[1]
Weighting methodCapitalisation-weighted
Websitewww.ftse.com

History

It was first introduced on 4 April 1986 as the Kuala Lumpur Composite Index (KLCI), with a base value of 100, dated on 1 January 1977.

In 2006, Bursa Malaysia partnered with FTSE to provide a suite of indices for the Malaysian market, to enhance the KLCI. FTSE Bursa Malaysia KLCI was one of the indices created to replace the KLCI. The new dex was adopted on 6 July 2009, with the opening value taken from the closing value of the old KLCI on 3 July 2009.[2]

The enhancement will adopt the internationally recognised index calculation formula to increase transparency as well as making the index more tradable.[2]

Annual Returns

The following table shows the annual development of the FTSE Bursa Malaysia KLCI since 1976.[3][4]

Year Closing level Change in index
in points		 Change in index
in %
197691.686.617.77
1977113.3921.7123.68
1978156.2242.8337.77
1979205.5949.3731.60
1980366.70161.1178.36
1981380.8214.123.85
1982291.45−89.37−23.47
1983401.60110.1537.79
1984303.56−98.04−24.41
1985233.48−70.08−23.09
1986252.4318.958.12
1987261.198.763.47
1988357.3896.1936.83
1989562.28204.9057.33
1990505.92−56.36−10.02
1991556.2250.309.94
1992643.9687.7415.77
19931,275.32631.3698.04
1994971.21−304.11−23.85
1995995.1723.962.47
19961,237.96242.7924.40
1997594.44−643.52−51.98
1998586.13−8.31−1.40
1999812.33226.2038.59
2000679.64−132.69−16.33
2001696.0916.452.42
2002646.32−49.77−7.15
2003793.94147.6222.84
2004907.43113.4914.29
2005899.79−7.64−0.84
20061,096.24196.4521.83
20071,445.03348.7931.82
2008876.75−568.28−39.33
20091,272.78396.0345.17
20101,518.91246.1319.34
20111,530.7311.820.78
20121,688.95158.2210.34
2013 1,866.96 178.01 10.54
2014 1,761.25 −105.71 −5.66
2015 1,692.51 −68.74 −3.90
2016 1,641.73 −50.78 −3.00
2017 1,796.81 155.08 9.45
2018 1,690.58 −106.23 −5.91
2019 1,588.76 −101.82 −6.02
2020 1,627.21 38.45 2.42

Constituents

The 30 constituent companies of the FBMKLCI, at the close of trading on 22 June 2020:[5]

Constituent NameStock Code Sector
AXIATA GROUP BERHAD6888 Telecommunications Service Providers
CIMB GROUP HOLDINGS BERHAD1023 Banking
DIALOG GROUP BERHAD7277 Energy Infrastructure, Equipment & Services
DIGI.COM BERHAD6947 Telecommunications Service Providers
GENTING MALAYSIA BERHAD4715 Travel, Leisure & Hospitality
GENTING BERHAD3182 Travel, Leisure & Hospitality
HAP SENG CONSOLIDATED BERHAD3034 Diversified Industrials
HARTALEGA HOLDINGS BERHAD5168 Health Care Equipment & Services
HONG LEONG BANK BERHAD5819 Banking
HONG LEONG FINANCIAL GROUP BERHAD1082 Banking
IHH HEALTHCARE BERHAD5225 Health Care Providers
IOI CORPORATION BERHAD1961 Plantation
KLCC PROPERTIES BERHAD5235SS REIT
KUALA LUMPUR KEPONG BERHAD2445 Plantation
MAXIS BERHAD6012 Telecommunications Service Providers
MALAYAN BANKING BERHAD1155 Banking
MISC BERHAD3816 Transportation & Logistics Services
NESTLE (MALAYSIA) BERHAD4707 Food & Beverages
PETRONAS CHEMICALS GROUP BERHAD5183 Chemicals
PETRONAS DAGANGAN BHD5681 Retailers
PETRONAS GAS BERHAD6033 Gas, Water & Multi-utilities
PRESS METAL ALUMINIUM HOLDINGS BERHAD8869 Metals
PUBLIC BANK BERHAD1295 Banking
PPB GROUP BERHAD4065 Food & Beverages
RHB BANK BERHAD1066 Banking
SIME DARBY BERHAD4197 Automotive
SIME DARBY PLANTATION BERHAD5285 Plantation
TELEKOM MALAYSIA BERHAD4863 Telecommunications
TENAGA NASIONAL BHD5347 Electricity
TOP GLOVE CORPORATION BHD7113 Health Care Equipment & Services

Eligibility

The two main eligibility requirements stated in the FTSE Bursa Malaysia Index Ground Rules are the free float and liquidity requirements.

Free Float

Each company is required to have a minimum free float of 15%. The free float excludes restricted shareholding like cross holdings, significant long term holdings by founders, their families and/or directors, restricted employee share schemes, government holdings and portfolio investments subject to a lock in clause, for the duration of that clause. A free float factor is applied to the market capitalisation of each company in accordance with the banding specified in the FTSE Bursa Malaysia Ground Rules. The factor is used to determine the attribution of the company’s market activities in the index.

Liquidity

A liquidity screen is applied to ensure the company’s stocks are liquid enough to be traded. Companies must ensure that at least 10% of their free float adjusted shares in issue is traded in the 12 months prior to an annual index review in December.

It contains 30 companies from the main market with approximately 900 to 1000 listed companies. The index has a base value of 100 as of 2 January 1977.[6]

See also

References
  1. "FTSE Bursa Malaysia KLCI Factsheet" (PDF). FTSE.
  2. FTSE Bursa Malaysia KLCI Index Research Paper (PDF), 2009, p. 1, archived from the original (PDF) on 23 November 2010
  3. Meridian Securities Markets, Electronic Commerce Inc.: World Stock Exchange Fact Book, Electronic Commerce Inc., Morris Plains NJ 1995, ISBN 1-891518-19-4
  4. "Historical data: OMX Stockholm 30 Index - Sweden (^OMXS)".
  5. "Bursa Malaysia FBMKLCI Companies".
  6. Bloomberg.com. KLCI:IND KUALA LUMPUR COMP INDEX

The latest information on the index and its components can be found on FTSE's website. FTSE Bursa Malaysia Index Series

A detailed list of the index components with description of each company, logo and link to its website can be found on ASEAN UP Top 30 companies from Malaysia’s KLCI

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