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KUALA LUMPUR (Dec 15): Bursa Malaysia Bhd has added four new components to the FTSE4Good Bursa Malaysia (F4GBM) Index, while two were removed from the list following today’s semi-annual review.
The four additions to 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 removed from the list.
After the last index revision for the December period, the total number of components will be 75. All component changes will be effective at the start of operations on December 21, 2020, Bursa Malaysia said in a statement.
The F4GBM index measures the performance of publicly traded companies that demonstrate strong environmental, social and governance (ESG) practices, and was launched in December 2014 with a total of 24 components.
“Bursa Malaysia and FTSE Russell continue to conduct outreach programs to companies to encourage and support them in improving their ESG disclosures and practices.
“The increase in constituency numbers is a reflection that PLCs benefit from these programs and catalyze their efforts toward best ESG practices,” he said.
The components of the F4GBM index are derived from companies in the EMAS FTSE Bursa Malaysia Index, which comprises publicly traded companies in the small, medium and large market capitalization segments. The index is revised in June and December against international benchmarks.
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