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Benchmark index revamp from July 6.
Byline: Roziana Hamsawi
BURSA Malaysia's benchmark index, the Kuala Lumpur Composite Index (KLCI), will be known as FTSE Bursa Malaysia KLCI from July 6 as the local bourse adopts the FTSE global index standard to ensure that it remains globally relevant.
The FTSE Bursa Malaysia KLCI will comprise only the largest 30 main board companies based on investable market capitalisation, instead of the current 100.
Bursa Malaysia chief executive officer Datuk Yusli Mohamed Yusoff said the new index will be calculated faster, or every 15 seconds from 60 seconds now.
In a media briefing in Kuala Lumpur yesterday, he said the index will be calculated …
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