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2017-12-01 11:46 | Report Abuse
@Yu_and_Mee, a large number of foreign funds are not allowed to invest out of the main index, especially foreign funds, could be due to familiarity threat and usually their clients want to compare the performance against the index itself. So now that it has been added, they can buy. Don't forget an appreciating MYR story as well. OPEC just agreed to extend oil supply cut for the whole of 2018.
Stock: [PMETAL]: PRESS METAL ALUMINIUM HOLDINGS BERHAD
2017-12-01 11:57 | Report Abuse
@Yu_and_Mee, same goes to the MSCI rebalancing exercise that saw Tenaga Nestle added into the index. The FBM KLCI is managed by FTSE. They rebalance it twice a year.