KUALA LUMPUR: YTL Corp Bhd and YTL Power International Bhd have been included in the MSCI Malaysia Index, while Dialog Group Bhd has been excluded from the list, with effect from February 29.
MSCI provided a list of the additions and deletions in a statement on Monday.
The MSCI Malaysia Index is designed to measure the performance of the large-, mid-, and small-cap components of the Malaysian market. The index, including 94 constituents, encompasses about 99 per cent of the Malaysian equity market.
Tenaga Nasional Bhd, Public Bank Bhd, Malayan Banking Bhd, CIMB Group Holdings Bhd, Press Metal Aluminium Holdings Bhd, CelcomDigi Bhd, Petronas Gas Bhd, Petronas Chemicals Group Bhd, IHH Healthcare Bhd, and Hong Leong Bank Bhd are the top ten constituents.
Their combined market capitalisation (market cap) as at February 2024 is about RM600 billion.
Stocks are weighted differently in the MSCI indexes than in other indexes as market capitalisation (market cap) is determined by multiplying the price of each stock by the total number of outstanding shares. In the index, the stock with the highest market cap is given the highest weight.