{
  "id": 2456417,
  "title": "Technology, construction to gain as expanded FBM KLCI cuts bank, utility weights [WATCH]",
  "url": "https://urgent.news/2026/08/22/technology-construction-to-gain-as-expanded-fbm-klci-cuts-bank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T00:00:34.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1516363/technology-construction-gain-expanded-fbm-klci-cuts-bank-utility"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: The expansion of the FBM KLCI index, set to commence in December 2026, will lessen the influence of banking and utilities, analysts predict. Technology, construction, and consumer sectors are projected to gain prominence, according to the experts. Hong Leong Investment Bank Bhd (HLIB) anticipates technology will be the primary beneficiary, with its representation growing from 0 per cent to 3.21 per cent. Construction is expected to be the most significant gainers, with its weight increasing by 82 basis points to 151bp. Banking and utilities, however, are projected to experience notable weight reductions, with banking's weight decreasing by 338 basis points to 621bp and utilities' weight declining by 140 basis points to 257bp. Sectors such as healthcare, oil and gas, plantation, property, and telecommunications are estimated to maintain relatively unchanged weights. MBSB Research anticipates banking's weighting to decline by 5.85 percentage points, from 41.88 per cent to 36.03 per cent, while utilities' weighting is expected to fall by 2.60 percentage points, from 16.83 per cent to 14.23 per cent. Conversely, technology, consumer products and services, real estate, industrials, energy, consumer, and technology sectors are set to receive fairer representation, with technology's new weighting estimated at about three per cent. The FBM KLCI expansion, reducing concentration in large-cap sectors and broadening industry representation, is anticipated to provide a more accurate benchmark of the Malaysian equity market.",
  "summary": "KUALA LUMPUR: The expansion of the FTSE Bursa Malaysia KLCI (FBM KLCI) is set to dilute the dominance of banking and utilities, with technology, construction and consumer sectors emerging as the key beneficiaries, analysts said.",
  "key_points": [
    "FBM KLCI expansion set for December 2026",
    "Banking and utilities weights to decrease",
    "Technology and construction sectors to gain prominence"
  ],
  "editors_take": "The expanded FBM KLCI index will rebalance the market representation by diminishing the influence of banking and utilities while elevating the prominence of technology, construction, and consumer sectors.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}