Major changes to Malaysia’s benchmark equity index

  • Dialog Group and Westports Holdings will be replaced by YTL and YTL Power International in Malaysia’s benchmark equity index
  • Changes to the FTSE Bursa Malaysia Kuala Lumpur Composite Index will take effect on Dec. 18
  • The index’s reserve list will comprise Dialog, Gamuda, Inari Amertron, Malaysia Airports Holdings, and Westports
  • YTL Power’s market capitalization is MYR19.17 billion ($4.12 billion)
  • YTL’s market capitalization is MYR17.2 billion

Malaysian oil-and-gas tank terminal operator Dialog Group and port operator Westports Holdings will be replaced by infrastructure conglomerate YTL and utilities company YTL Power International in Malaysia’s benchmark equity index. The changes to the FTSE Bursa Malaysia Kuala Lumpur Composite Index will take effect on December 18. The index’s reserve list will comprise Dialog, Gamuda, Inari Amertron, Malaysia Airports Holdings, and Westports, the five highest-ranking nonconstituent companies of the index by market capitalization. YTL Power has a market capitalization of MYR19.17 billion ($4.12 billion), while YTL’s market capitalization is MYR17.2 billion.

Factuality Level: 8
Factuality Justification: The article provides factual information about the changes to the FTSE Bursa Malaysia Kuala Lumpur Composite Index and the companies that will be included in the index. It includes specific details about the market capitalization of YTL Power and YTL, which can be verified. However, the article lacks context and background information about the reasons for the changes and the significance of being included in the index.
Noise Level: 7
Noise Justification: The article provides information about changes to Malaysia’s benchmark equity index and the companies that will be included. However, it lacks analysis, evidence, and actionable insights. It mainly focuses on reporting the changes without providing any meaningful context or implications.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to changes in Malaysia’s benchmark equity index, which may impact the stock market and companies involved in the index such as Dialog Group, Westports Holdings, YTL, and YTL Power International.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses changes in Malaysia’s benchmark equity index, which is relevant to financial markets. However, there is no mention of any extreme events or their impact.
Public Companies: Dialog Group (), Westports Holdings (), YTL (), YTL Power International (), Gamuda (), Inari Amertron (), Malaysia Airports Holdings ()
Key People:

Reported publicly: www.marketwatch.com