Group (M) Bhd is likely to be included in the FBM KLCI in the June 3 review, replacing Supermax Corporation Bhd , according to CGS-CIMB Equities Research. The research house said on Tuesday that MR DIY met all the criteria for its inclusion based on the market data as at close of trading on Monday. FTSE Russell is due to announce the results of its upcoming semi-annual review of FTSE Bursa Malaysia Index Series on June 3. This review is followed closely by the market as it could have an impact on KLCI index-linked products like FTSE 30 ETF and KLCI index-linked funds. “As such, our analysis suggests that it will be included in the upcoming KLCI review, replacing Supermax, the lowest-ranking market cap stock among the current 30 KLCI constituents as at the end of Monday, May 24, ” it said.

Source: The Star May 25, 2021 04:40 UTC