Top Story : Benchmarking – Changes to the FBM KLCI weights
Market Update
- Changes to the FBM KLCI will take effect on 21 Jun. Other than the replacement of Nestle with MAS, we note that the free float factor has been adjusted for three stocks: CIMB (from 1.0x to 0.75x), Digi (from 0.4x to 0.75x) and Tanjong (from 0.5x to 0.75x).
- The impact is clearly negative for CIMB, which will drop from 1st place on the top 30 to 3rd. Its index weight will fall from 12.01% to 9.10%. In contrast, Digi’s index weight will rise from 1.74% to 3.29%. Similarly, Tanjong’s index weight will rise from 0.86% to 1.31%.
RHB Equity 360° - 16 June 2010 (Market, Technology, Adventa, IJM; Technical: Parkson)
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