IOI Corp risks KLCI exit over liquidity failure
IOI Corporation faces possible exclusion from Malaysia’s benchmark stock index after failing liquidity requirements for three consecutive months. MBSB Investment Bank said the palm oil producer missed threshold tests in June, July, and August with monthly median turnover below the required 0.040 percent. Westports Holdings would likely replace IOI Corporation if the company fails the November test ahead of the December review.
FTSE rules mandate existing members pass at least eight monthly liquidity checks within a year to maintain their position. All other top 30 constituents met requirements through August. MBSB Investment expects Genting Malaysia to join the reserve list while IOI Properties Group exits pending privatization details.
