Westports replaces Inari as FBM KLCI constituent

KUALA LUMPUR: Westports Holdings Bhd has been included in the FTSE Bursa Malaysia (FBM) KLCI following the semi-annual review of the FBM index series.

The port operator replaces Inari Amertron Bhd, which has now been included in the FBM Mid 70 Index.

https://www.thestar.com.my/business/business-news/2023/06/01/westports-replaces-inari-as-fbm-klci-constituent

Westports will join FBMKLCI effective 19 June 2023! This is a good news!

Source: https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2608060

The selloff on Malaysia Airport is because the Dividend Reinvestment plan shares just listed today. The cost is RM6.06 so some big funds take profit in the short term. After that it recover as long term investors see the future is bright so buy at low price when opportunity come.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3354705

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3355264

RM50 million investment from institutional players is a vote of confidence.

From now onwards, other institutional funds will start to look at AAX. Before today, almost all are retail players. With institutional fund interest in AAX (the first time in many years), it means that this is just the beginning. Once it clear RM1 billion market cap, more insti fund will join! Now market cap RM750 to RM800 million. So 1 billion is not far...

up a lot but no volume

Steady stock, solid as rock