Kuala Lumpur Composite Index
What is the Kuala Lumpur Composite Index?
The Kuala Lumpur Composite Index, now known as the FTSE Bursa Malaysia KLCI, was a market-valued-weighted stock market index made up of the thirty largest companies on the Bursa Malaysia. Only companies that meet the FTSE Bursa Malaysia ground rules can be eligible for entry.
Where have you heard about the Kuala Lumpur Composite Index?
The index is currently run by FTSE and Bursa Malaysia and was first established in April of 1986. Bursa Malaysia was the sole operator until it partnered with FTSE in 2006. This partnership was secured with the aim of providing a suite of indices for the Malaysian market.
What you need to know about the Kuala Lumpur Composite Index.
The FTSE Bursa Malaysian KLCI was an indices created to replace the original Kuala Lumpur Composite Index. This new index replaced KCLI in July of 2009 and its opening value was taken from the closing value of the now defunct Kuala lumpur Composite Index. The enhancement was put in place with the internationally recognised index calculation formula used to increase clarity as well as making the index easier to trade with.