KUALA LUMPUR: Maxis Bhd is to be included into the 30-stock FTSE Bursa Malaysia KLCI with effect from on Nov 20, following its listing on Nov 19.
A Bursa Malaysia statement says Maxis, with 7.5 billion shares in issue upon listing and an investability weighting of 30%, would replace MALAYSIAN AIRLINE SYSTEM BHD [] (MAS).
MAS, with 1.67 billion shares in issue, would be added to the FTSE Bursa Malaysia Mid 70 Index with an investability weighting of 30%.
MAS is to replace TRADEWINDS (M) BHD [], which would be placed in the FTSE Bursa Malaysia Small Cap Index. Tradewinds has 296.47 million shares in issue and would have an investability weighting of 30%.
The changes would also be simultaneously reflected in the FTSE Bursa Malaysia Top 100 Index and the FTSE Bursa Malaysia EMAS Index.
Bursa says Maxis would also be eligible for inclusion in the FTSE Bursa Malaysia EMAS Shariah Index and the FTSE Bursa Malaysia Hijrah Shariah Index at the next semi-annual review in December, subject to it passing the Shariah Advisory Council and/or the Yasaar screening methodology.