Avaland gets listed on Bursa Malaysia’s F4GBM and F4GBMS Indices
F4GBM and F4GBMS Indices see 11 new constituents each
KUALA LUMPUR (Dec 14): Bursa Malaysia Bhd on Thursday announced 11 new additions to the constituents of the FTSE4Good Bursa Malaysia (F4GBM) Index and 11 new additions to the constituents of the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index following the latest semi-annual review of the indices.
In a statement on Thursday, the bourse said that the F4GBM Index includes public-listed companies (PLCs) with good liquidity and strong environmental, social, and governance practices.
“The F4GBM Index constituents are drawn from PLCs on the FTSE Bursa Malaysia Emas Index, comprising PLCs from across the small, medium and large market capitalisation segments.
“Meanwhile, the F4GBMS Index, which was launched in July 2021 with 54 constituents, is designed to track constituents in the F4GBM Index that are Shariah-compliant in accordance with the Shariah Advisory Council screening methodology,” it said.
The bourse said the new constituents of both indices are Advanced Synergy, Avaland, Classic Scenic, Datasonic Group, Gamuda, Kawan Food, Kinergy Advancement, Kossan Rubber, MSM Malaysia Holdings, OCK Group and TDM.
Both indices are reviewed semi-annually in June and December against international benchmarks.
“The exchange is pleased to see that the number of constituents on the F4GBM Index has continued to increase year-on-year since the inception of the index in 2014 with just 24 constituents,” it said.
For the latest review period of December 2023, it said the total number of constituents of the F4GBM Index and F4GBMS Index stood at 109 and 88, respectively.
It said that no PLC will drop out from the two indices in this round of review, and all constituent changes will take effect at the start of the business day on Dec 18, 2023 (Monday).
The updated listings of the F4GBM Index and F4GBMS Index will be available on the Bursa Malaysia website after Dec 22, 2023, via this link https://www.bursamalaysia.com/trade/our_products_services/indices/ftse4… malaysia-f4gbm-index.
