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.
| Foundation |
|
|---|---|
| Operator | [1] |
| Exchanges | Bursa Malaysia |
| Constituents | 30 |
| Type | Large cap |
| Market cap |
|
| Weighting method | Capitalisation-weighted |
| Website | 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 index 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 % |
|---|---|---|---|
| 1976 | 91.68 | 6.61 | 7.77 |
| 1977 | 113.39 | 21.71 | 23.68 |
| 1978 | 156.22 | 42.83 | 37.77 |
| 1979 | 205.59 | 49.37 | 31.60 |
| 1980 | 366.70 | 161.11 | 78.36 |
| 1981 | 380.82 | 14.12 | 3.85 |
| 1982 | 291.45 | −89.37 | −23.47 |
| 1983 | 401.60 | 110.15 | 37.79 |
| 1984 | 303.56 | −98.04 | −24.41 |
| 1985 | 233.48 | −70.08 | −23.09 |
| 1986 | 252.43 | 18.95 | 8.12 |
| 1987 | 261.19 | 8.76 | 3.47 |
| 1988 | 357.38 | 96.19 | 36.83 |
| 1989 | 562.28 | 204.90 | 57.33 |
| 1990 | 505.92 | −56.36 | −10.02 |
| 1991 | 556.22 | 50.30 | 9.94 |
| 1992 | 643.96 | 87.74 | 15.77 |
| 1993 | 1,275.32 | 631.36 | 98.04 |
| 1994 | 971.21 | −304.11 | −23.85 |
| 1995 | 995.17 | 23.96 | 2.47 |
| 1996 | 1,237.96 | 242.79 | 24.40 |
| 1997 | 594.44 | −643.52 | −51.98 |
| 1998 | 586.13 | −8.31 | −1.40 |
| 1999 | 812.33 | 226.20 | 38.59 |
| 2000 | 679.64 | −132.69 | −16.33 |
| 2001 | 696.09 | 16.45 | 2.42 |
| 2002 | 646.32 | −49.77 | −7.15 |
| 2003 | 793.94 | 147.62 | 22.84 |
| 2004 | 907.43 | 113.49 | 14.29 |
| 2005 | 899.79 | −7.64 | −0.84 |
| 2006 | 1,096.24 | 196.45 | 21.83 |
| 2007 | 1,445.03 | 348.79 | 31.82 |
| 2008 | 876.75 | −568.28 | −39.33 |
| 2009 | 1,272.78 | 396.03 | 45.17 |
| 2010 | 1,518.91 | 246.13 | 19.34 |
| 2011 | 1,530.73 | 11.82 | 0.78 |
| 2012 | 1,688.95 | 158.22 | 10.34 |
| 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 |
| 2021 | 1,567.53 | −59.68 | −3.67 |
| 2022 | 1,495.49 | −72.04 | −4.60 |
| 2023 | 1,454.66 | -40.83 | -2.73 |
Constituents
The 30 constituent companies of the FBMKLCI, at the close of trading on 18 December 2023:[5]
| Constituent Name | Stock Code | Sector | Market Cap |
|---|---|---|---|
| AMMB HOLDINGS BHD | 1015 | Banking and Finance Services | MYR 14.25 billion |
| AXIATA GROUP BERHAD | 6888 | Mobile network, network infrastructure & digital internet | MYR 26.48 billion |
| CELCOMDIGI BERHAD | 6947 | Telecommunications service & Internet services | MYR 47.63 billion |
| CIMB GROUP HOLDINGS BERHAD | 1023 | Financial services | MYR 73.59 billion |
| Genting Berhad | 3182 | Travel, Leisure & Hospitality | MYR 18.34 billion |
| Genting Malaysia Berhad | 4715 | Travel, Leisure & Hospitality | MYR 16.33 billion |
| HONG LEONG BANK BHD | 5819 | Financial services | MYR 42.55 billion |
| HONG LEONG FINANCIAL GROUP BHD | 1082 | Financial services | MYR 19.99 billion |
| IHH HEALTHCARE BERHAD | 5225 | Healthcare | MYR 53.04 billion |
| IOI CORPORATION BHD | 1961 | Plantations | MYR 25.05 billion |
| KUALA LUMPUR KEPONG BHD | 2445 | Plantation | MYR 24.06 billion |
| Malayan Banking Berhad | 1155 | Financial services | MYR 120.73 billion |
| MAXIS BERHAD | 6012 | Telecommunications service & Internet services | MYR 29.49 billion |
| MISC BHD | 3816 | Energy shipping, Maritime services | MYR 37.78 billion |
| MR D.I.Y. GROUP (M) BERHAD | 5296 | Retail | MYR 17.48 billion |
| NESTLE (M) BHD | 4707 | Food & Beverages | MYR 30.06 billion |
| PETRONAS CHEMICALS GROUP BHD | 5183 | Chemicals | MYR 55.36 billion |
| PETRONAS DAGANGAN BHD | 5681 | Oil and gas | MYR 20.29 billion |
| PETRONAS GAS BHD | 6033 | Oil and gas | MYR 36.30 billion |
| PPB GROUP BHD | 4065 | Plantation & Properties | MYR 21.26 billion |
| PRESS METAL ALUMINIUM HOLDINGS BERHAD | 8869 | Metals | MYR 44.16 billion |
| PUBLIC BANK BHD | 1295 | Financial services | MYR 81.65 billion |
| QL RESOURCES BHD | 7084 | Agriculture | MYR 15.77 billion |
| RHB BANK BERHAD | 1066 | Financial services | MYR 24.10 billion |
| SIME DARBY BHD | 4197 | Conglomerate | MYR 19.73 billion |
| SIME DARBY PLANTATION BERHAD | 5285 | Plantation | MYR 30.43 billion |
| TELEKOM MALAYSIA BHD | 4863 | Telecommunications | MYR 25.17 billion |
| TENAGA NASIONAL BHD | 5347 | Electric power industry | MYR 75.93 billion |
| YTL CORPORATION BHD | 4677 | Conglomerate | MYR 42.88 billion |
| YTL POWER INTERNATIONAL BHD | 6742 | Electric power industry | MYR 44.06 billion |
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
- "FTSE Bursa Malaysia KLCI Factsheet" (PDF). FTSE.
- FTSE Bursa Malaysia KLCI Index Research Paper (PDF), 2009, p. 1, archived from the original (PDF) on 23 November 2010
- Meridian Securities Markets, Electronic Commerce Inc.: World Stock Exchange Fact Book, Electronic Commerce Inc., Morris Plains NJ 1995, ISBN 1-891518-19-4
- "FTSE Bursa Index (Malaysia) Yearly Stock Returns". www.1stock1.com. Retrieved 9 February 2024.
- "Bursa Malaysia FBMKLCI Companies" (PDF).
- Bloomberg.com. KLCI:IND KUALA LUMPUR COMP INDEX
External links
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