DistantNews
IOI Properties Poised for KLCI Inclusion After Major Stock Surge
🇲🇾 Malaysia /Economy & Trade

IOI Properties Poised for KLCI Inclusion After Major Stock Surge

From Utusan Malaysia · (16m ago) Malay Positive tone

Translated from Malay, summarized and contextualized by DistantNews.

TLDR

  • IOI Properties Group is on track to be included in the FBM KLCI index due to a significant 87.8% stock price surge since November 2025.
  • Analysts predict IOI Properties will likely replace Sime Darby Berhad in the index, with changes effective June 22, 2026.
  • Other companies like Petronas Chemicals and Press Metal Aluminium saw market cap increases, while Maxis, Gamuda, and Axiata experienced declines.

IOI Properties Group Berhad is poised for a significant milestone, with analysts at CIMB Securities projecting its inclusion in the FBM KLCI index in the upcoming review. This potential elevation is a direct result of a remarkable 87.8% rally in its share price since November last year, placing it firmly within the top echelons of market capitalization among eligible securities. As of the latest assessment, IOI Properties ranks 24th, a position that strongly suggests its readiness to join the benchmark index, provided it maintains its standing until the index review date of May 25, 2026.

IOI Properties is on a strong track to be listed as a constituent of the FBM KLCI index at the upcoming review, as a result of a significant jump in its share price since November last year.

— Ivy Ng Lee FangCIMB Securities analyst explaining the basis for IOI Properties' potential inclusion in the FBM KLCI index.

The inclusion of IOI Properties is anticipated to lead to the exclusion of Sime Darby Berhad, currently the smallest constituent by market capitalization. This shift underscores the dynamic nature of Malaysia's stock market and the evolving fortunes of its leading corporations. While IOI Properties is expected to carry an index weight of approximately 1.05%, Sime Darby's current weight stands at 1.37%. The semi-annual review, based on market data up to May 25, 2026, with initial results due June 3, 2026, will formalize these changes, with new constituents taking effect on June 22, 2026.

This indicates that IOI Properties is ready to be included in the FBM KLCI, provided it maintains its top 25 position by the index review closing date of May 25, 2026.

— Ivy Ng Lee FangCIMB Securities analyst on the conditions for IOI Properties' inclusion in the FBM KLCI.

Beyond IOI Properties, the report highlights broader market trends. Petronas Chemicals and Press Metal Aluminium are noted for substantial market capitalization gains, contrasting with the declines seen in Maxis, Gamuda, and Axiata. CIMB Securities also shared its top picks, maintaining 'BUY' recommendations for RHB Bank, Telekom Malaysia, and Tenaga Nasional, citing their promising dividend prospects and enhanced cost efficiencies. This analysis provides a comprehensive outlook on key players within the Malaysian stock market, reflecting both individual company performances and sector-wide dynamics.

IOI Properties is expected to bring an index weight of around 1.05 percent, compared to Sime Darby's current weight of 1.37 percent.

— Ivy Ng Lee FangCIMB Securities analyst estimating the index weight IOI Properties would carry.
DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog