Astro included into MSCI Malaysia Index

KUALA LUMPUR: Astro Bhd will be included as a component of the 42-stock MSCI Malaysia Index with effect from May 31.
MSCI Inc said on Thursday that following Astro's inclusion into the index, Malaysia Marine and Heavy Engineering will be removed.
At midday, Astro was up one sen to RM3.16. There were 10.56 million shares done at prices ranging from RM3.14 to RM3.16.
MMHE fell 10 sen to RM3.72. There were 1.70 million shares transacted at prices ranging from RM3.71 to RM3.82.
The
FBM KLCI was down 12.37 points or 0.69% to 1,770.66. Turnover was 1.33
billion shares valued at RM1.02bil. Declining stocks beat advancers more
than two to one, with 561 losers to 212 gainers while 241 counters were
unchanged.
The MSCI Malaysia Index measures the performance of
the large and mid capitalised segments of the Malaysian market. With 42
constituents, the index covers about 85% of the Malaysian equity
universe.
The top 10 constituents are Malayan Banking, CIMB Group Holdings, Sime Darby, Tenaga Nasional, Genting Bhd, Petronas Chemicals Group, Public Bank, Axiata Group, IOI Corp and Maxis.
According
to MSCI, the index is based on the MSCI Global Investable Indices
(GIMI) Methodology which allows for meaningful global views and cross
regional comparisons across all market capitalisation size, sector and
style segments and combinations.
This methodology provides
exhaustive coverage of the relevant investment opportunity set with a
strong emphasis on index liquidity, investability and replicability.
The
index is reviewed quarterly -- in February, May, August and November.
During the May and November semi-annual index reviews, the index is
rebalanced and the large and mid capitalisation cutoff points are
recalculated.