Maxis Become FBM KLCI Member Today

Maxis’ absolute market capitalisation of RM35.63 billion (at RM4.75 reference price) would make it the sixth-largest stock on Bursa Malaysia. Maxis’ weight at 2.7% pales next to the top five capitalised stocks —

CIMB 11.85%,
Sime Darby Bhd 10.39%,
PUBLIC BANK BHD 9.85%,
MALAYAN BANKING BHD 9.25% and
TENAGA NASIONAL BHD 6.95%.

Maxis’ weight on the FBM KLCI is also below Axiata Group Bhd (4.98%), but is above TELEKOM MALAYSIA BHD 2.08% and DIGI.COM BHD 1.68%, according to OSK’s estimates in the Nov 12 note. Maxis will replace MALAYSIAN AIRLINE SYSTEM BHD (MAS) on the 30-member FBM KLCI today so if Maxis share jump high FBM KLCI will be supported.

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Investment Idea

My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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