Kuala Lumpur Composite Index

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The Kuala Lumpur Composite Index (KLCI) is a stock market index generally accepted as the local stock market barometer. Introduced in 1986 to answer the need for a stock market index which would serve as an accurate performance indicator of the Malaysian stock market as well as the economy. It is used to be the main index, and is now one of the three primary indices for the Malaysian stock market which the other two are FMB30 and FMBEMAS, Bursa Malaysia. It contains 100 companies from the Main Board with approximately 500 to 650 listed companies in the Main Board which comprise of multi-sectors companies across the year 2000 to 2006 and is a capitalization-weighted index.

Contents

[edit] Events

In June 20, 2005, there are 6 new admissions to the KLCI were Astro All Asia Networks plc, AirAsia Bhd, Bursa Malaysia Bhd, KLCC Property Holdings Bhd, Scomi Group Bhd and Uchi Technologies Bhd, these counters were admitted in place of Mesiniaga Bhd, Computer Systems Advisers (M) Bhd, Manulife Insurance (M) Bhd, United Plantations Bhd, Hap Seng Consolidated Bhd and Measat Global Bhd.

[edit] Chronology

[edit] Early Year

  • 1937 - Re-registered as the Malayan Stockbrokers' Association but public shares were not traded
  • 1960 - The public trading of shares commenced on the MSE
  • 1961 - The board system was introduced
  • 1964 - MSE was officially formed name Stock Exchange of Malaysia and Singapore (SEMS)
  • 1973 - The SEMS was separated into KLSEB and SES
  • 1986 - KLCI was introduced
  • 1993 - KLCI surpasses 1275.32
  • 1994 - The Kuala Lumpur Stock Exchange Bhd (KLSEB) re-named Kuala Lumpur Stock Exchange
  • 1995 - the number of component companies was increased to 100
  • 1997 - Due to the Asian Financial Crisis KLCI Slumped more than 500 points within 6 month
  • 1998 - KLCI slumped to the lowest ever at 261.330 in August
  • 1998 - KLCI worst performance volume at 15,907,400 - Average over days in Month
  • 2000 - KLCI tops back to 974.380
  • 2004 - KLSE was Re-named Bursa Malaysia
  • [1]2004 - The fund performed much in line with the KLCI in the last 3 months of the year, and ended just 0.29% behind the benchmark index.

[edit] 2005

  • Bursa Malaysia introduced CBRS
  • [2]AirAsia was inducted to the KLCI on July 1, 2005
  • [3]Trading volume expanded to an average of 552 million shares daily, compared with the previous week’s 346 million shares at July 18, 2005.
  • [4]Total investment funds grew by RM25.57 billion to RM285.45 billion compared with RM259.89 billion announced by chairman Tan Sri Samsudin Osman As at Dec 31, 2006

[edit] 2006

  • New index series jointly developed by Bursa Malaysia and FTSE Group will be introduced
  • KLCI hits volume at 179,959,000 - Average over days in Month
  • KLCI exceeds the 1,000.00 mark hurdle in November, the first time since 2000
  • KLCI exceeds 1,090.00 mark

[edit] 2007

  • KLCI exceeds 1,100.00 mark
  • KLCI exceeds 1,200.00 mark
  • KLCI surpasses 1,250 mark and hits 10 year high volume at 3.54 billion
  • KLCI exceeds 1,280 mark in February 2007
  • KLCI dips to 1130.00 mark from 1280.00
  • KLCI reaches all time high of 1,298.3 on 9th April 2007
  • KLCI tops 1,342 pts on 3rd May, which was the first day of trading for the month of May.
  • KLCI hits all time high of 1386.67 on June 20 2007
  • KLCI tops 1,410 points on October 29,2007, reaching the all time high
  • KLCI drops 0.65% on first day of 2008 trading
  • KLCI reach record high at 1466.67 point
  • KLCI post 9.5% drops due to general election

[edit] References

  1. ^ 2005 KLCI story, DEC 31, 2004
  2. ^ AirAsia 4th Quarter Report, 4th Quarter, 2005
  3. ^ InsiderAsia's Model Porfolio Week 125, July 18, 2005
  4. ^ ringgit hit a fresh 9-year, tuesday, February 06, 2007

[edit] External links

The current components of the index can be found at Bursa Malaysia's website. [1]

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