Effectively from 3rd August 2009, securities traded on Bursa Malaysia will be having new tick sizes. The new tick sizes are smaller than the current tick sizes.
KLCI is now FTSE Bursa Malaysia KLCI (FBM KLCI)
Starting from today, KLCI is now known as FBM KLCI. The FBM KLCI is formed by 30 stocks in contrast to the previous 100-index linked stocks.
Today’s market opens low, fell 6.02 points to 1072.69 at 11am. The market seems to be very “quiet”. Is this the effect from the new FBM KLCI? Maybe everyone just wait and monitor.
New FTSE Bursa Malaysia KLCI
The new FTSE Bursa Malaysia (FBM) KLCI will replace the existing one, KLCI which is 100 stocks, with 30 stocks, effectively July 6, 2009.