Citi says KLCI expansion to 50 constituents is structurally positive
Citi analyst Megat Fais said the KLCI expansion to 50 constituents from 30 is structurally positive for Malaysia equities. It may improve representation and diversification by reducing financials’ weight to 36.6% from 42.7% and increasing technology exposure.
Citi analyst Megat Fais says the expansion of the KLCI to 50 constituents from 30 looks structurally positive in a note. 7% and increasing exposure to technology.