Thursday, July 26, 2012

FBM KLCI 30 change: Maintain Neutral -IHH to feature

IHH to feature with a 1.43% weight. Following IHH Healthcare listing yesterday, FTSE has announced that the stock will be added to the FTSE Bursa Malaysia KLCI (KLCI 30) with an investability weighting of 30%. MMC Corporation, which has the lowest market capitalisation among the benchmark 30 index stocks, will be deleted from the index. The effective date of this change is next Wednesday, 1 August. We estimate that IHH will have a weighting of 1.43% on the KLCI 30 index.

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Source: Maybank Research - 26 July 2012

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