Friday, June 10, 2011

MMHE up on move to FBM KLCI

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Bhd shares advanced on Friday, June 10 after FTSE Group and Bursa Malaysia said the stock would replace MALAYSIAN AIRLINE SYSTEM BHD [] in the 30-stock FTSE Bursa Malaysia KLCI with effect from June 20.

At 9.40am, MMHE rose 13 sen to RM8.60 with 18,400 shares done.

FTSE Group and Bursa Malaysia said on Thursday, June 9 the change was made following the semi-annual review of the FTSE Bursa Malaysia Index Series.

The index series is reviewed semi-annually by the independent FTSE Bursa Malaysia Index Advisory Committee.

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