Morningstar

IOI Properties to Replace Sime Darby in Malaysia's Benchmark Stock Index

Provided by Dow Jones

By Ying Xian Wong 




  KUALA LUMPUR, Malaysia--IOI Properties is set to replace Sime Darby as a component of Malaysia's benchmark Kuala Lumpur Composite Index. 



  The changes to the FTSE Bursa Malaysia Kuala Lumpur Composite Index will take effect June 22, Bursa Malaysia and FTSE Russell said late Thursday after a semiannual review. 



  The index's reserve list comprises KPJ Healthcare, QL Resources, Sime Darby, United Plantations and Westports, the five largest nonindex constituents by market capitalization, the stock exchange and FTSE Russell said. 



  KLCI constituents must be among the 30 largest companies in Malaysia by market capitalization and meet free-float as well as liquidity requirements. 



  Property developer IOI Properties last traded at 4.30 ringgit, bringing its market capitalization to 23.68 billion ringgit, equivalent to $5.90 billion. 





  Write to Ying Xian Wong at yingxian.wong@wsj.com 





  (END) Dow Jones Newswires



  June 04, 2026 21:13 ET (01:13 GMT)


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