Blue chip reshuffle imminent, JWD re-enters the list without doubt; $GAMUDA (5398.MY)$ and the newly listed 99 Speed Mart $99SMART (5326.MY)$ Still striving to climb the rankings.
With only one and a half months left until the review of the FTSE Bursa Malaysia KLCI components in December this year, looking at the closing on Friday (October 4) at 5 pm, among the 40 listed companies on the Malaysian stock market, Genting has already surged to the 23rd top tier.
Malaysian banking investment banks have released an analysis report, closely following the competition of component stock reviews by the deadline of November 25 (Monday). If Genting can maintain a market cap ranking in the top 25 before the deadline, it can enter the blue chip list.
Genting's current market cap exceeds 22.3 billion ringgit and meets liquidity test.
It is worth mentioning that in this round, after a 7-year absence from the constituents, construction stocks have once again entered the index, as far back as 2017 when IJM also made it to the blue chip list. $IJM (3336.MY)$ And due to more outstanding shares in the market, analysts also pointed out that after Genting’s listing, its weight in the sse conglomerates index is expected to reach 3.32%, ranking 6th, higher than many other blue chip stocks with higher market caps.
By then, the weight of other sectors such as financials in the sse conglomerates index will also decrease accordingly.
At that time, the weight of other sectors such as financials in the sse conglomerates index will also decrease accordingly.
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