KUALA LUMPUR (Aug 13): Construction giant Sunway Bhd (KL:SUNWAY) has been added into MSCI Malaysia Index while no constituent was deleted in the August review.

MSCI Malaysia currently has 32 constituents that covers about 85% of the country’s equity universe before the inclusion of Sunway. All changes to MSCI indices will be effective at the close of August 30, 2024, MSCI said in a statement.

The next review, which would be a semi-annual rebalancing, would be announced on November 6, 2024.

At the end of July, Public Bank Bhd (KL:PBBANK), Malayan Banking Bhd (KL:MAYBANK), and CIMB Group Holdings Bhd (KL:CIMB) were the index’ top three constituents that collectively account for 33% of the index weightage.

Six stocks have also been added to the country’s Small Cap Index - Aeon Credit Service (M) Bhd (KL:AEONCR), Dayang Enterprise Holdings Bhd (KL:DAYANG), Genting Plantations Bhd (KL:GENP), Guan Chong Bhd (KL:GCB), ITMAX System Bhd (KL:ITMAX), and Sunway Construction Group Bhd (KL:SUNCON).

MSCI Malaysia Small Cap Index has 64 constituents, which covers about 14% of the Malaysian equity universe at the end of July.  The top three constituents in the index were Dialog Group Bhd (KL:DIALOG), IJM Corporation Bhd (KL:IJM), and Bursa Malaysia Bhd (KL:BURSA).

https://www.theedgemarkets.com/node/722549