Dialog, Westports Replaced by YTL Power, YTL in Malaysia's KLCI Index
By Ying Xian Wong
Malaysian oil-and-gas tank terminal operator Dialog Group and port operator Westports Holdings will be replaced by infrastructure conglomerate YTL and utilities company YTL Power International in Malaysia's benchmark equity index.
The changes to the FTSE Bursa Malaysia Kuala Lumpur Composite Index will take effect Dec. 18, Bursa Malaysia and FTSE Russell said Thursday after a semiannual review.
They also said that the index's reserve list will comprise Dialog, Gamuda, Inari Amertron, Malaysia Airports Holdings and Westports, the five highest-ranking nonconstituent companies of the index by market capitalization.
The KLCI's constituents are Malaysia's 30 largest companies by market capitalization, subject to meeting free float and liquidity requirements.
Shares of YTL Power ended 0.9% higher at 2.37 ringgit, with a market capitalization at MYR19.17 billion ($4.12 billion).
YTL shares were 0.6% lower at MYR1.55, with a market capitalization of MYR17.2 billion.
Write to Ying Xian Wong at yingxian.wong@wsj.com
(END) Dow Jones Newswires
November 30, 2023 05:39 ET (10:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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