Shadowing an index is essentially one method to auto-park market sentiments with your investment choice. In this case, believing, relying, and monitoring the index. For Malaysia, the revamped and nimble (yet long winded naming) FTSE Bursa Malaysia Composite Index is the one that is featured as the de facto stock market health index of Malaysia.
Here are the components - consisting 30 stocks of various sectors:
RHB Capital
Malaysia Airline System
British American Tobacco (Malaysia)
Axiata Group Bhd
Maxis Bhd
PETRONAS Chemicals Group Bhd
Genting
Kuala Lumpur Kepong
Malayan Banking
MMC
PPB Group
Sime Darby Bhd
Hong Leong Financial
IOI
Genting Malaysia BHD
Telekom Malaysia
Tenaga Nasional
AMMB Holdings
CIMB Group Holdings
Hong Leong Bank
UMW Holdings
YTL Corp
Petronas Gas
YTL Power International
Digi.com
Petronas Dagangan Bhd
Gamuda
Plus Expressways
MISC
Public Bank BHD
Banks take the bulk with 8 stocks over 26% of the index. Recently almost every stock in the index has risen considerably. So perhaps looking at a each stock carefully and then analysing to choose the ones that have not soar as much as the others.
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