FBM KLCI Expansion Set To Benefit Banks, Utilities And Large-Cap Stocks

The planned expansion of the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) from 30 to 50 constituents is expected to reduce the impact of portfolio rebalancing while benefiting selected banks, utilities and large-cap stocks, according to Kenanga Research. In a report, Kenanga Research said the implementation details for the enhanced FBM KLCI include […]