Top 30 Equity Investments by Employees Provident Fund (EPF) in Bursa Malaysia
Ever wonder where is our hard earn money in our EPF account invested in stock market?
Below is the list of top 30 equities listed on Bursa Malaysia invested by EPF:
Nestle (4707) To Replace Parkson (5657) in FBM KLCI
According to The Star, FTSE Group, the index company, and Bursa Malaysia Bhd announced that Nestle (M) Bhd - Nestle (4704) would replace Parkson Holdings Bhd - Parkson (5657) in the 30-counter strong FTSE Bursa Malaysia KL Composite Index.
The replacement will take effect on on Monday, 21 December 2009. The reason why the replacement is made is not mentioned either in the article or the FTSE Group's announcement.
I think they replace Nestle with Parkson in FBM KLCI is because of the Nestle's stock price is much less fluctuate than the Parkson one. In this case, the FBM KLCI will look much more stable and also to prevent speculation on the index.
No More Small Packs Of Cigarettes
Starting from 1st June 2010, the sale of cigarettes in packets of less than 20 sticks will be prohibited, as notified by the Ministry of Health on 1st December 2009. Cigarettes companies are given seven months from now until May 31 next year to dispose of its stocks of cigarettes in packets of less than 20 sticks.
