Bursa makes four new additions, two deletions from FTSE4Good Index in Dec's review
KUALA LUMPUR (Dec 15): Bursa Malaysia Bhd has added four new constituents to the FTSE4Good Bursa Malaysia (F4GBM) Index while two were removed from the list following the semi-annual review today.
The four additions into the F4GBM Index are AirAsia Group Bhd, Eco World Development Group Bhd, Hibiscus Petroleum Bhd and KLCC Prop & REIT — Stapled Securities (KLCCP).
Meanwhile, Bumi Armada Bhd and Sunway Construction Group Bhd were kicked out from the list.
Following the latest index review for the December period, the total number of constituents will be 75. All constituent changes take effect at the start of business on Dec 21, 2020, said Bursa Malaysia in a statement.
The F4GBM Index measures the performance of public listed companies demonstrating strong environmental, social and governance (ESG) practices, and was launched in December 2014 with a total of 24 constituents.
“Bursa Malaysia and FTSE Russell continue to conduct outreach programmes to companies to encourage and support them in improving their ESG disclosures and practices.
“The increase in the number of constituents is a reflection of the PLCs benefitting from these programmes and catalysing their efforts towards ESG best practices,” it said.
F4GBM Index constituents are drawn from the companies on the FTSE Bursa Malaysia EMAS Index, comprising public listed companies from across the small, medium and large market capitalisation segments. The index is reviewed in June and December against international benchmarks.
http://www.theedgemarkets.com/article/bursa-makes-four-new-additions-two-deletions-ftse4good-index-decs-review
