Gamuda, 99 Speed Mart Could Join FBM KLCI Constituents - CIMB Securities

KUALA LUMPUR, Nov 26 (Bernama) -- CIMB Securities Sdn Bhd through its analysis has indicated that Gamuda Bhd and 99 Speed Mart Retail Holdings Bhd may replace Genting Bhd and Genting Malaysia Bhd as FBM KLCI constituents in the upcoming review in December. 

"Based on Nov 25, 2024 market data, Gamuda’s and 99 Speed Mart’s market capitalisations have climbed to 16th and 25th position respectively, among eligible securities, while Genting Bhd and Genting Malaysia were ranked the lowest," the research firm said in a note today. 

FTSE and Bursa Malaysia are scheduled to announce the preliminary and final results of the FBM KLCI  constituents review on Dec 4 and 5, 2024 respectively. 

Any changes to the constituents would take effect on Dec 23, 2024, it said. 

Meanwhile, it said that as at Sept 30, 2024, the banking sector had the largest weightage on the FBM KLCI at 41.2 per cent, followed by the utilities sector at 17.6 per cent and the telecommunications sector at 9.8 per cent.

Since the last FBM KLCI review date of May 27, 2024, YTL Corporation Bhd, YTL Power International Bhd, and Petronas Chemicals Group Bhd have experienced the most significant declines in market cap among the index constituents.

Sunway Bhd, CIMB Group Holdings Bhd and RHB Bank Bhd have recorded the largest gains.

-- BERNAMA