Nestle Malaysia, Press Metal To Replace BAT (M), IJM Corp In Benchmark KLCI Rejig

  By Alexander Winifred
Nikkei Markets
  KUALA LUMPUR (Dec 04) — Nestle Malaysia and Press Metal Aluminum Holdings will replace British American Tobacco (M) and IJM Corporation in the benchmark FTSE Bursa Malaysia KLCI from Dec. 18, following a semi-annual review of the index, index developer FTSE Russell said in a statement.

Inclusion in the benchmark index of Malaysia’s 30 biggest stocks by market cap raises appeal of the constituents to global investors, and the shares are investment prospects for some exchange-traded funds which are mandated to buy only index members.
  – By Alexander Winifred;; +60320267363
– Edited By Abhrajit Gangopadhyay
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