KUALA LUMPUR: The FBM KLCI is likely to see minimal changes in the upcoming June semi-annual review, with the current top 30 constituents expected to remain intact, according to MBSB Research.
The research house said that at this stage, no existing constituents have breached the market capitalisation thresholds required for inclusion or removal.
A security will only be included at a periodic review if it rises to 25th position or above, while deletion occurs if it falls to 36th or below.
“At this stage, it is likely that the current top 30 blue chips will remain status quo for the June 2026 review,” MBSB said.
However, Mr DIY Group (M) Bhd is seen as the most at risk of removal, currently hovering at the 35th spot. It is closely trailed by KPJ Healthcare Bhd, which is just three sen away from overtaking it.
“Mr DIY would face deletion if it drops to 36th or below. Should that happen, United Plantations Bhd will be the likely replacement,” MBSB said.
Meanwhile, IOI Corp Bhd may be at risk of exclusion due to liquidity requirements, after its monthly median turnover fell below the 0.040% threshold at 0.036% in June 2025, 0.029% in July and 0.035% in August.
Under FTSE’s ground rules, existing constituents must pass at least eight out of 12 months of liquidity tests. IOI Corp can afford to fail only one more month of liquidity test before being at risk of deletion.
Separately, Sunway Healthcare Holdings Bhd (SunMed) has entered the FBM KLCI, replacing QL Resources Bhd, following its recent listing.
MBSB said SunMed qualified for immediate inclusion as it is deemed a demerger from Sunway Bhd and met the required market capitalisation threshold.
On its debut on March 18, 2026, the stock rose 27.6% to RM1.85, ranking 26th by market cap and displacing QL Resources, which slipped to 37th.
MBSB estimates SunMed carries a weightage of about 0.63% in the FBM KLCI.
On free float, all of the top 40 stocks currently meet the minimum requirement of more than 15%.
“Apart from IOI Corp, there are another two non-constituents that failed to meet the liquidity requirements, namely Hong Leong Financial Group and KLCCP Stapled Group,” MBSB said.