Kuala Lumpur Composite Index
Encyclopedia
The Kuala Lumpur Composite Index (KLCI) is a capitalization-weighted
stock market index
. Introduced in 1986, it is now known as the FTSE Bursa Malaysia KLCI. The enhancements to adopt FTSE Bursa Malaysia Index
methodology were implemented on Monday, July 6, 2009.
The enhancement will adopt the internationally recognized index calculation formula to increase transparency as well as making the index more tradable.
The FTSE Bursa Malaysia KLCI comprises the largest 30 companies listed on the Malaysian Main Market by full market capitalisation that meet the eligibility requirements of the FTSE Bursa Malaysia Index Ground Rules.
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 January 2, 1977.
The current components of the index can be found at Bursa Malaysia's website. http://www.bursamalaysia.com/website/bm/market_information/index_components.html
Market value-weighted index
A capitalization-weighted index is an index whose components are weighted according to the total market value of their outstanding shares. Also called a market-value-weighted index...
stock market index
Stock market index
A stock market index is a method of measuring a section of the stock market. Many indices are cited by news or financial services firms and are used as benchmarks, to measure the performance of portfolios such as mutual funds....
. Introduced in 1986, it is now known as the FTSE Bursa Malaysia KLCI. The enhancements to adopt FTSE Bursa Malaysia Index
FTSE Bursa Malaysia Index
The FTSE Bursa Malaysia Index is a comprehensive range of real-time indices, which cover all eligible companies listed on the Bursa Malaysia Main Board which was introduced to Bursa Malaysia's investors on 2006....
methodology were implemented on Monday, July 6, 2009.
The enhancement will adopt the internationally recognized index calculation formula to increase transparency as well as making the index more tradable.
The FTSE Bursa Malaysia KLCI comprises the largest 30 companies listed on the Malaysian Main Market by full market capitalisation that meet the eligibility requirements of the FTSE Bursa Malaysia Index Ground Rules.
Components
As at 18 October 2011:- AMMB Holdings BhdAmBankAMMB Holdings is currently the fifth largest banking group in Malaysia, with more than 200 branches and their outlets , providing individuals and businesses with a range of financial services and products.AmBank Group was founded in 1975 as Arab-Malaysian Development Bank, by Merchant Banking...
- Axiata Group BerhadAxiata Group BerhadAxiata Group Berhad , DBA Axiata , is one of the leading telecommunication companies in Asia.- The Group :...
- British American Tobacco MalaysiaBritish American TobaccoBritish American Tobacco p.l.c. is a global tobacco company headquartered in London, United Kingdom. It is the world’s second largest quoted tobacco company by global market share , with a leading position in more than 50 countries and a presence in more than 180 countries...
- CIMB Group Holdings BhdCIMBCIMB Group CIMB Group is a regional universal bank operating in high growth economies in ASEAN. CIMB Group has the widest retail branch network across the region and is an indigenous ASEAN investment bank....
- DIGI.COM Bhd
- Gamuda BerhadGamuda BerhadGamuda Berhad is an engineering, property and infrastructure company in Malaysia.The company was incorporated on October 6, 1976 and was listed on the main board of Bursa Malaysia on 10 August 1992...
- Genting GroupGenting GroupGenting Group is an Asian conglomerate. It comprises four listed entities Genting Group is an Asian conglomerate. It comprises four listed entities Genting Group is an Asian conglomerate. It comprises four listed entities (namely holding company Genting Berhad (MYX:3182) and its member companies...
- Genting Malaysia BerhadResorts World BhdResorts World Bhd started in 1980 in Malaysia. In 1989, Genting Group and Resorts World Bhd underwent a restructuring exercise, which resulted in Resorts World Bhd acquiring from Genting Group of its entire gaming, hotel and resort-related operations inclusive of goodwill and other relevant assets...
- Hong Leong Bank BhdHong Leong BankHong Leong Bank is a bank in Malaysia.Hong Leong Bank was founded by Mr LAM Ji Chiew and began its operations in 1905 in Kuching, Sarawak under the name of Kwong Lee Mortgage & Remittance Company. The company granted loans against the security of export commodities such as pepper, rubber and other...
- Hong Leong GroupHong Leong GroupHong Leong Group is a conglomerate based in Malaysia. Founded as a trading company in 1963 by Tan Sri Quek Leng Chan, the company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development...
- IOI Corporation BhdIOI GroupIOI Corporation Berhad commonly referred to as IOI, was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd. IOI is one of Malaysia's biggest conglomerates that started off from industrial gas manufacturing. It ventured into property development in 1982, followed by oil palm...
- Kuala Lumpur Kepong BhdKuala Lumpur KepongKuala Lumpur Kepong Bhd. is a Malaysian multi-national company. The core business of the group is plantation . The company has plantations that cover more than 250,000 hectares in Malaysia and Indonesia...
- Malayan Banking BhdMaybankMaybank , a trade name for Malayan Banking Berhad is the largest bank and financial group in Malaysia, with significant banking operations in Singapore, Indonesia and the Philippines. The bank also has large interests in Islamic banking through Maybank Islamic Berhad and insurance via its Etiqa...
- Malaysian Marine Heavy Engineering Bhd
- Maxis Berhad
- MISC Bhd
- MMC Corporation BerhadMMC Corporation BerhadMMC is an investment holding company with interests in "Transport & Logistics, Energy & Utilities and Engineering & Construction".In Transport and Logistics, MMC holds equity stakes in the Port of Tanjung Pelepas , and In Energy and Utilities, MMC holds equity stakes in MMC is an investment...
- Petronas Chemical Bhd
- Petronas Dagangan Bhd
- Petronas Gas Bhd
- PLUS Expressways BerhadPLUS Expressways BerhadThe PLUS Expressways Berhad or Projek Lebuhraya Utara Selatan Berhad is the biggest Highway Concessionaries or Build-Operate-Transfer operator company in Malaysia...
- PPB Group BhdPerlis Plantations BhdPPB Group Berhad is a diversified company which was incorporated in November 1968, and its business beginning with cultivating sugar cane and to extract, process and market sugar...
- Public Bank BhdPublic BankPublic Bank Berhad is a bank based in Malaysia. Public Bank is currently the biggest domestic bank in Malaysia by shareholders' funds. It focuses on retail customers and small to medium sized enterprises. The bank was founded in 1966 by Teh Hong Piow, the then general manager of Malayan Banking...
- RHB Capital BhdRHB BankRHB Bank Berhad is a bank based in Kuala Lumpur, Malaysia. It specializes in commercial banking, corporate and investment banking and international banking services...
- Sime Darby BerhadSime DarbySime Darby is Malaysia's leading multinational conglomerate involved in five core sectors: plantations, property, industrial, motors and energy & utilities, with a growing presence in healthcare...
- Tenaga Nasional BhdTenaga NasionalTenaga Nasional Berhad is the largest Electric utility company in Malaysia and also the largest power company in Southeast Asia with MYR 69.8 billion worth of assets. It serves over seven million customers throughout Peninsular Malaysia and also the eastern state of Sabah through Sabah Electricity...
- Telekom Malaysia BhdTelekom MalaysiaTelekom Malaysia Berhad , DBA TM, is the largest integrated solutions provider in Malaysia, and one of Asia's leading communications companies, with a market capitalisation of RM13.9 billion and a workforce of 26,629 employees. Established as the Telecommunications Department of Malaya in 1946, it...
- UMW Holdings
- YTL Corporation Bhd
- YTL Power International Bhd
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 January 2, 1977.
External links
The current components of the index can be found at Bursa Malaysia's website. http://www.bursamalaysia.com/website/bm/market_information/index_components.html