Kuala Lumpur Composite Index (COMPOSITE-KU)

Business Times - Malaysia  1 hr ago  Comment 
THE FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures November contract on Bursa Malaysia Derivatives closed lower at 1,265.5 with an open interest of 16,489 contracts last week. The spot contract on the index futures...
Business Times - Malaysia  1 hr ago  Comment 
As expected, shares on Bursa Malaysia fell into profit-taking correction during the Hari Raya Aidiladha holiday-shortened week due to multiple bearish technical sell signals and dwindling buying momentum, as more investors and market players were...
Business Times - Malaysia  1 hr ago  Comment 
SHARE prices on Bursa Malaysia consolidated for the major part of the last four trading days last week. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) continued to stay above its critical support of 1,250 points when it closed at...
Business Times - Malaysia  Nov 28  Comment 
Malaysian shares are expected to be firmer next week on year-end window-dressing activities, dealers said. They said the rise in gold prices and weaker US dollar would also lend the Malaysian market a hand. A dealer said the local market, to a...
Business Times - Malaysia  Nov 27  Comment 
The FTSE Bursa Malaysia Composite Index (FBM KLCI) continued to stay above its critical support of 1,250 points when it closed at 1,270.61 on Thursday. The benchmark index opened lower at 1,273.66 before drifting to its intra-day low of 1,270.82...
Business Times - Malaysia  Nov 26  Comment 
Dealers said that despite some selling activity in selected blue chips such as Maybank, losses were capped by gains in others like Sime Darby, Maxis and KL Kepong. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed at...
Business Times - Malaysia  Nov 26  Comment 
Business Times - Malaysia  Nov 25  Comment 
SHARE prices on Bursa Malaysia continued to lock within the confines of tight trading ranges on yesterday. Declining counters outpaced advancing counters by 358 to 288. The Kuala Lumpur Composite Index (KLCI) fell from its intra-day high of...
Business Times - Malaysia  Nov 25  Comment 
Dealers, however, said a rise in blue-chip plantation shares helped to cap losses. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed at 1,271.0, down 1.09 points, after opening at 1,273.16. "Players are unwilling to take...
Business Times - Malaysia  Nov 25  Comment 
MALAYSIA'S FTSE Bursa Malaysia KLCI Index fell less than 0.1 per cent to close at 1,271. Kelington Group Bhd, the supplier of Ultra High Purity (UHP) gas and chemical delivery systems, surged 20 per cent to 63.5 sen in its trading...
Business Times - Malaysia  Nov 25  Comment 
Malaysia's FTSE Bursa Malaysia KLCI Index (FBM KLCI) may rise to 1,300 points this year, Geoffrey Ng, chief executive officer of HLG Asset Management Sdn Bhd in Kuala Lumpur, said today. - Bloomberg
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The KLCI is a capitalization weighted index that maps approximately the top 100 companies of the Malaysia Exchange or the Bursa Malaysia. It is generally regarded as the accepted parameter for the Malaysian economy as it maps the most liquid equity stocks in the market. [1]:


Weighting and Calculations

The KLCI is a market value weighted index, that means the day-to-day price change in each issue is weighted by its market value (as of the start of the day) as a percent of the total market value for all components. Thus, the price change for each constituent stock affects the day's change in the index in proportion to the company's market value. The basic formula for any index is (be it capitalization weighted or any other stock index)[2]:

  • The index computation is as follows: Current aggregate Market Capitalization x 100 /Base Aggregate Market Capitalization

Where the aggregate market capitalization is calculated as: Σ(Price of stock* Number of shares)*market weighing factor.

Composition

Eligibility

Rules for inclusion in the KLCI as of November 6th 2008 are[3]:

  • Companies need to be in the top 50% of market capitalization of the exchange. Moreover, the company needs to have atleast 5% of the total market capitalization of the Bursa Malaysia.
  • The trading volume for the companies on the exchange for eligibility must be in the top 75%.
  • Subsidiaries are not included.
  • Newly-listed companies will be considered for inclusion after a minimum period of 3 months from the date of listing. If a company is suspended from the exchange for more than three months, it has to be traded on the exchange for a further six months before they can be included in ther KLCI.
  • Where a new issue is more than 1.0% of the full capitalisation of MB, Bursa Malaysia may decide to include the new issue as a constituent of KLCI after 1 month of listing, subject to the volume traded for the month is within the first three quartiles.
  • Index constituents which have more than two consecutive years of losses are liable to be excluded.
  • The market capitalization weighting of each sector within the KLCI shall not exceed 125% of their sectoral weight to avoid over-representation of a particular sector.

List of companies

The current list of companies for the KLCI can be found on the Bursa Malaysia Website.

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