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FTSE Group, the index company, and Bursa Malaysia Bhd announced that Nestle (M) Bhd would replace Parkson Holdings Bhd in the 30-counter strong FTSE Bursa Malaysia KL Composite Index.

This is following the semi-annual review of the benchmark index.

Meanwhile, the FTSE Bursa Malaysia Hijrah Shariah Index saw the inclusion of Maxis Bhd, Nestle, Star Publications (M) Bhd and Kencana Petroleum Bhd.

FTSE Bursa Malaysia Hijrah Shariah Index is a tradable index of 30 stocks to be used as the basis for international syariah-compliant products.

The stocks mentioned will take the place of four counters to be removed from the current constituent list, effective Dec 21.

The next review will take place in June 2010.

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